Home insurance companies remind customers to use these tips to avoid claims

Home insurance - Tips for Consumers

Weather-related claims are high at this time of year, but insurers hope prevention will help. Though springtime is still a few weeks away, the fluctuation of weather between winter and spring trends can cause issues that lead to damage and therefore home insurance claims. With the addition of extreme weather events, this time of year can be particularly damaging. Home insurance companies have been releasing tips to customers in the hopes that a bit of prevention will go a long way in reducing the risk of damage from the types…

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Uncovering the Secrets: Behind-the-Scenes of Affordable Homeowner Insurance

affordable homeowner insurance and what you need to know

As homeowners seek to protect their most valuable asset—their homes—they are often confronted with the intricate and volatile landscape of homeowner insurance. It’s a world where economic fluctuations, legislative changes, and the capriciousness of nature can all conspire to influence insurance affordability. This article aims to equip you with the insights and tools necessary to navigate the complexities of the insurance market. You’ll learn how technological advancements are reshaping the way we secure discounts and streamline the insurance-buying process. By understanding the intricacies of risk assessment and embracing the digital…

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Is your house and home insurance ready for a strong El Niño?

Home insurance - El Nino

The last time there was a similar El Niño event, the increased rainfall doubled claims at Mercury. As of this month, the National Oceanic and Atmospheric Administration (NOAA) issued a statement predicting a significant El Niño event, which has insurers bracing for increased home insurance claims. The conditions are already building, and strength is only expected to rise as winter gets nearer. El Niño is a type of abnormally warm Pacific Ocean temperature near the equator. When this happens, though the change in temperature may seem slight, the impact on…

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Travelers Insurance company sees catastrophe losses double

Insurance company - Home insurance losses double

The insurer’s size often means that it is viewed as a reflection of what the industry is experiencing. Travelers Insurance company has announced that its catastrophe losses have doubled in its most recent quarter, and the insurer experienced a loss as severe wind and hailstorms struck several regions and brought on an increase in claims. Claims have been rising because of the impact of climate change on natural disasters. The rising frequency of claims relating to extreme weather, such as wildfires, hurricanes, hail and high winds are causing disruptions throughout…

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Rising home insurance rates are causing real estate buyers to think twice

Home insurance - Rising rates - Arrow wooden homes

A recent report pointed to skyrocketing premiums as a deterrent to purchasing homes in Florida. Rising home insurance rates are nothing new to property owners in Florida, but recent hikes have been particularly high, and with an additional 1% emergency assessment fee to be applied to policies, real estate agents are seeing increased hesitation from customers. The state has been attempting to come up with a strategy to overcome a coverage crisis. The emergency assessment fee was announced earlier this month and is intended to help deal with the issues…

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