Mercury Insurance shares home water conservation tips

Mercury Insurance - Water Saving Tips
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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

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

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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Will stopgap measure dig Florida home insurance market out of crisis?

Florida home insurance - Home in Florida

Regulators have announced a plan using Citizens to avoid consequences of financial ratings agency downgrades. Regulators have announced that they will be using Citizens as a part of a Florida home insurance stopgap plan in the hopes of avoiding the ramifications of financial ratings agency downgrades across several property insurers. The plan is meant to provide a temporary fix, making sure residents will maintain their coverage. The Florida home insurance stopgap plan will use the state’s insurer of last resort, Citizens, as a financial backstop. The insurer will take on…

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Louisiana home insurance coverage at risk as Atlantic hurricane season picks up

Louisiana home insurance - Hurricane Season

The state is facing problems that have been compared to the coverage crisis in Florida. As has been the case in Florida’s market, Louisiana home insurance struggles are leaving thousands of residents of the state wondering how to find coverage. The need is becoming particularly urgent as the US predicts a busy Atlantic hurricane season. Meteorologists have been warning that the Atlantic hurricane season will be an active on this year. With theses risks ahead, a number of Louisiana home insurance companies have withdrawn from the market, just as has…

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Homeowners’ insurance customers reminded of bear risk

Homeowners insurance - Black Bear

North American species have learned that places humans inhabit are areas where food can be found. The United States is home to a spectrum of types of bears as well as their subspecies, and homeowners insurance customers are reminded that these animals are dangerous and can cause substantial property damage. The American Black Bear alone is distributed throughout the country with 16 different subspecies. The overall population of the American Black Bear is as high as 900,000, primarily found in forested and mountainous parts of the country. When they’re living…

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