Tag: home insurance company

Homeowners insurer to cover gift card insurance at no extra cost

H. Cutner
Gift Card Insurance - Woman holding gift cards

Consumers want to support local businesses by buying these certificates but are afraid the businesses won’t reopen. Erie Insurance has announced that its homeowners policyholders will receive gift card insurance coverage at no additional cost. These certificates allow consumers to pay now for purchases they will make at a later date. This additional protection has arrived at a time in which people are looking to buy the certificates from their favorite restaurants and businesses that have had to shut their doors due to the coronavirus pandemic. However, consumers are hesitant…

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Use this January home safety checklist to prevent damage and insurance claims

Julie Campbell
Home Safety Checklist - Home Repair

Start your year on the right foot by keeping your home and family safe and claim-free. This year, let a home safety checklist give you the right start for keeping up with your New Year’s resolution to be better to yourself. Taking the right simple steps can prevent a range of expensive and dangerous problems. You can keep yourself, your family, and your home safe from the need for a homeowners insurance claim. This January, check of each of these winter home safety steps to give you peace of mind.…

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Homeowners insurance companies caught overcharging 13 million policyholders

Marc
homeowners insurance companies

A new U.K. study has revealed that existing customers often pay considerably more than new ones. New Citizens Advice research demonstrates that up to 13 million U.K. customers are being overcharged by their homeowners insurance companies. Loyal customers and senior citizens are particularly victim to this trend. A very high percentage of homeowners over the age of 65 years have been paying more than new customers. The study revealed that 40 percent of home insurance policyholders over the age of 65 years and who have had their policy for over…

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California Insurance Commissioner granted greater homeowners coverage authority

G. Turner
homeowners insurance companies

The state’s Supreme Court ruled that the legislature gave California power to make certain specifications. The California Insurance Commissioner has the authority to decide which factors must be covered by homeowners insurance replacement cost estimate tools, says a state Supreme Court ruling. This will allow the commissioner to say what estimate tools home insurance companies are permitted to use. The decision updated a law from 2011 which was meant to help to reduce the ongoing underinsurance problem in the state. The original issue became truly problematic in 1991 when the…

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Homeowners insurance choices faced by many Florida policyholders

Julie Campbell
Florida homeowners insurance, Citizens Property

Considerable decisions are ahead in the state as Citizens divests itself of a massive number of policies. Within the next month, there will be almost 400,000 people in Florida who currently have homeowners insurance coverage through Citizens Property Insurance Corp., and who will be receiving notice in the mail from another insurer to advise the policyholders that their coverage will be transferred over to that new company by November 5, 2013. At that point, the policyholders will need to make one of two choices that will be available to them.…

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Homeowners insurance from Frontline moves into Delaware

Julie Campbell
Homeowners Insurance Rates

The company has just announced its licensing expansion into the state for coastal property coverage. One of the leading coastal homeowners insurance companies in the United States has just announced that its expansion is continuing and that this now includes licensing to sell its policies in Delaware. This will add one more option for property owners in the state and will help to boost competition. According to the president of the insurer, “Coastal coverage for homeowners is a primary focus for us. Delaware has shown continued growth in its beach…

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Allstate makes changes to its controversial agent commissions plan

Marc

Allstate has announced that it will be revising its compensation plans for independent insurance agents. The company will be revising its commission strategy and pay system for agents, with the changes to take affect beginning in 2013. The new changes will be enforced throughout 2013, but the insurer has not yet revealed plans on what will happen thereafter. Allstate’s changes aim to reduce compensation for most agents, save for captive agents that work solely with the company. The insurer plans to cut commissions by 1%, bringing independent agents’ base commission…

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