Live Insurance News

5 Ways You Can Slash Your Spending on Homeowners Insurance

August 21, 2021August 21, 2021 Guest Author

When investing in a policy that’s meant to protect you from unexpected financial costs, a cost-effective deal can offer you more value for money. In fact, according to ValuePenguin.com, homeowners who ended up researching insurance policies for approximately 15-30 minutes were able to make significant savings on monthly insurance premiums. This is mainly because comparing quotes allowed them to be informed about fair prices. So, if you want to lower your spending on homeowner’s insurance too, here are a few strategies to try out: 1. Take Time to Shop Around There’s…

Five Natural Disasters You Need to Be Insured Against

July 30, 2021 Guest Author

In the past few years, natural disasters have gone from being freak occurrences to a regular part of life. One of the classic examples in recent years is the wildfires that tear through California every year now with scary regularity. As climate change worsens, it is important that your business is fully insured against natural disasters, no matter whether you live in a disaster zone or not. In order to help you get insured as best as possible, then it is necessary to read this guide about disasters to be…

California fire insurance companies decline almost 350,000 policy renewals

August 27, 2019August 25, 2019 H. Cutner

California fire insurance companies - Firefighters fighting wildfire

Insurers are taking big steps back from the industry in the state’s highest risk areas. New data from the state shows that California fire insurance companies have declined the renewal of almost 350,000 home policies since 2015. This was most common in areas with the highest wildfire risk. The data showed that insurers are trying to reduce their risk exposure as wildfires become more costly. The newly released data did indicate that California fire insurance companies have dropped hundreds of thousands of customers. However, it did not point out how…

Insurance drone use spikes as hurricane season gets rolling

July 9, 2018July 8, 2018 Logan B.

With each new season of potential natural disasters comes a much larger investment in this tech. Insurance drone use has been taking off – so to speak – with each new hurricane season. This year has been no exception. Every year, the tech proves itself in terms of improved safety for claims adjusters while simultaneously lowering costs. Insurance companies need to carefully plan their reactions to natural disasters for speed and reliability. When a hurricane happens, insurance companies need to move quickly. This requires substantial planning as well as tech…

California home insurance is harder to get with each new climate-related disaster

June 20, 2018June 18, 2018 Marc

California home insurance - Home in California

Insurers take wildfires, high tide flooding and other issues into consideration before selling a policy. California home insurance is becoming increasingly challenging to find for many homeowners affected by climate-related disasters. Insurers are using climate science to estimate the risk associated with a property when it comes to a number of different perils. Insurers are no longer assuming that homes that were once in low-risk areas continue to be so. The last few years have shown that homes never affected by climate-related disasters are not immune to those events. High…

Wilkes-Barre tornado victims get helpful tips and advice from Allstate

June 19, 2018June 18, 2018 Nordstrom

The insurer reached out to residents of the township to offer them safety and coverage tips. Allstate issued some important advice to those affected by the Wilkes-Barre tornado last week. It reminded customers that their safety should come before anything else when returning home. Homeowners may be keen to assess possible damage, but Allstate reminds them to be cautious. The Wilkes-Barre tornado caused notable damage to the township. That said, the Allstate report reminds customers that when they return home, the damage may create unexpected dangers. Therefore, homeowners should first…

Wildfire insurance problems persist 2 years after Canadian Fort McMurray Disaster

May 8, 2018May 7, 2018 Julie Campbell

Wildfire insurance problems - Forest Fire

After flames ripped their way through entire neighborhoods of the Alberta town, rebuilding is been slow. Two years after the devastating Fort McMurray fire in Canada, wildfire insurance problems continue to plague homeowners. In fact, only 20 percent of the destroyed homes are rebuilt. The northern Alberta saw 2,579 homes completely destroyed by the wildfire that struck in 2016. The destruction produced the highest wildfire costs in Canada until that time, as Live Insurance News reported. Donations to support those whose homes were ravaged poured in from across the country…