Tag: home insurance

Is a homeowners insurance crisis heading to California?

Marc
Insurance crisis - Homeowners insurance

Louisiana and Florida area already scrambling to keep their industries alive, but is California next? As premiums have been rapidly climbing in various parts of the industry in California, experts are starting to wonder if it will be the next state facing a homeowners insurance crisis. State legislators are pushing Commissioner Ricardo Lara to take action to support residents. Condominium policy premiums have been climbing particularly fast in the state. A number of state legislators have written to Insurance Commissioner Ricardo Lara in a push to take action to support…

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Steps to follow if your house is flooded after a frozen pipe

Guest Author
frozen pipe home flood insurance and what to do

If just a frozen pipe has occurred. Be sure to switch off the main water valve and open any faucets connected to the freezing pipes. This will reduce pressure on the pipes and help prevent flooding if they burst. If the pipe is visible, use a hair dryer or space heater to safely thaw any ice blockages. Carefully inspect all exposed pipes for leaks – even with the water turned off, pressure can reveal a leak once it’s been thawed. It is recommended that you contact a professional plumber equipped…

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Florida property insurance market must tackle substantial issues before special session

Marc
Property insurance

Another special session will take place later in December, but some challenges must be handled first. Former Republican Florida Senator Jeff Brandes, who launched a petition calling for lawmakers to convene this spring to tackle Florida’s critical property insurance market, is now calling for additional reforms to take place ahead of this month’s additional special session. The former senator has been making these moves from the sideline to try to push more reforms along. “It’s the most urgent pocketbook problem facing Florida today,” said former Senator Brandes, who previously represented…

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Mercury shares insurance policy savings tips with its customers

H. Cutner
Insurance Policy - Helpful Tips

The insurer released a Holiday Buyer’s Guide to help consumers get the right coverage for a better price. With the holiday season now underway, the odds are higher that a claim will be made on an insurance policy than they are at most other times of the year. That said, a claim can only be made if the right coverage is in place, moreover, not all coverage is priced equally. Therefore, Mercury has issued a Holiday Buyer’s Guide to help people to find precisely what they need and at the…

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Mercury Insurance shares home water conservation tips

Logan B.
Mercury Insurance - Water Saving Tips

As consumers tighten their belts due to inflation, insurers are seeking to provide ways to save. While some insurers are working on creating plans and quote strategies to help consumers to find deals and discounts where they can, Mercury Insurance is also sharing tips for savings in other areas. The insurer recently released tips to help consumers to save money and water at the same time. There are many places around the home where water can be saved. This is both an environmentally conscious step that homeowners and renters can…

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Will this season underscore the importance of hurricane insurance

Nordstrom
Hurricane insurance - Hurricane Ahead Sign in water

This weekend presents a reminder of the importance of obtaining coverage before storms happen. Hurricane insurance is once again in the spotlight as the upcoming long weekend is expected to include the naming of two Atlantic storms as the season approaches its peak. This serves as a reminder of how important it is to have the right coverage in place at this time of year. This season has seemed exceptionally quiet, without a named storm having occurred by the start of September. That said, it is far from over and…

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Some Oregon home policy rates to rise due to wildfire insurance risk

Marc
Wildfire insurance - Oregon Sign - Home Insurance - Fire

The state recently published a map to show which properties are at the highest and extreme level risks. After the catastrophic season in 2020, Oregon has moved ahead with strategies to advise people as to whether they are living in vulnerable areas, in a move that might send home wildfire insurance rates upward. While people did want to now if their properties were at an extreme risk of blazes during the summertime. While the new maps have been seen as informative and helpful, certain homeowners, particularly those in rural parts…

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