Amazon home insurance reportedly a possibility

Amazon Home Insurance - Amazon box

The e-commerce giant is reportedly thinking about offering property owners their own coverage. It wouldn’t come as a shock to many people if Amazon home insurance were to make its way into the market. The company – and its CEO Jeff Bezos – is known for taking their own angle in traditional markets. The online marketplace is reportedly thinking about selling home insurance policies of its own. The Amazon home insurance reports have yet to be officially confirmed. Amazon.com does not typically publicly discuss products it has in development. The…

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Home Warranty Vs. Home Insurance

Homeowners insurance claims from sinkholes rising in Florida

A home warranty is one of the most mystifying products in existence, but it has been gaining a lot of success as of recent. ServiceMaster Global, which owns American Home Shield, the largest and most recognizable company in the home warranty industry, has reported a revenue of more than US $1,000,000,000 in 2016! Such incredible revenue for a company of that type have lead the decision makers to spin it off to a separate company, a testimony to its incredible popularity. American Home Shield employees 1,600 men and women in…

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Homeowners insurance group under fire from Florida legislators

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Citizens Property Insurance scandalized in the realm of homeowners insurance Florida’s Citizens Property Insurance has been the target of scandals over the past several months. The state-run organization, through which the majority of Florida residents receive their homeowners insurance coverage, has been wrangling with financial problems for years and has recently begun shedding policies, which are being taken up by private insurance companies. Amidst a flurry of criticism, Citizens Property Insurance President Barry Gilway appeared before Florida lawmakers this week to defend the state-run insurer. State-run insurer continues to struggle…

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Homeowners Insurance: Deductibles Debunked

Homeowners Insurance

When it comes to purchasing homeowners insurance, choosing the right deductible for your home may be a tricky decision. There are many different types of deductibles and it is easy to get confused by the amount of options available to you. If you are stressing out over picking the right deductible for you, then this article will explain the different terms you may come across when making this vital decision. Percentage Deductible Quite often, a property’s deductible is calculated not by its dollar value, but by a percentage value. The…

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Lenders ease their grip on claims funds for Hurricane Sandy relief

Hurricane Sandy Damage flood Insurance surcharge

Hurricane Sandy claims payouts to be freed due to agreement with Department of Financial Services Eleven of New York’s major lending companies have reached an agreement with the state’s Department of Financial Services. The agreement involved expediting the claims payouts that are due to homeowners that have been affected by Hurricane Sandy. Many of these homeowners are waiting on their claims payouts in order to begin the recovery process, but insurance companies have been issuing payouts at a sluggish pace for some time. The state government is keen to increase…

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Insurance Information Institute sees premiums rise in wake of Hurricane Sandy

homeowners insurance cost rising

Insurance Information Institute notes homeowners insurance rates are on the rise and have been for some time Hurricane Sandy is expected to have a significant impact on homeowners insurance premiums in the Northeast U.S., according to the Insurance Information Institute. The trade association suggests that major storms like Sandy often have an impact on insurance rates, but Sandy is not the only factor that is going into the growing premiums of homeowners insurance coverage. The Insurance Information Institute suggests that premiums have been growing since mid-2011 and that Hurricane Sandy…

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Americans are only at the beginning of weather related expenses

J.D. Power and Associates has released the results of study that indicated that a sizeable percentage of consumers who are in weather disaster-prone regions do not have adequate home insurance coverage. The United States may be the richest country in the world, but severe weather can still threaten its people and businesses. There are two primary socio-economic issues that impact the amount of economic loss that results from this type of catastrophe. They are: value at risk and population exposure. The 2011 U.S. National Homeowners Insurance Study showed that even…

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