Insurance customer trends show one in three Americans don’t shop again for policies

Insurance customer trends - auto insurance - home insurance - hands

A new survey showed that policyholders in the U.S. don’t re-shop to find better coverage or rates. One out of every three Americans have never re-shopped for a policy, say the results of a new insurance customer trends survey. The research found that almost half of all policyholders who have looked around for a better deal has not done so within the last year. The research was conducted on homeowners insurance and auto insurance customers. American consumers are risking overpaying for their coverage, say the results of a new Policygenius…

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Insurance customers can enjoy the benefits of Tidying Up With Marie Kondo

Benefits of Tidying Up - Toy Storage

The popular Netflix series is reducing clutter levels but also underscores an often overlooked coverage step. While most people love the de-cluttering benefits of Tidying Up With Marie Kondo, the insurance industry sees this as a fantastic opportunity for policyholders to take a very important but frequently overlooked step to gain the best coverage. Nearly all renters and homeowners insurance customers miss this vital step to ensuring top coverage. The Netflix series, Tidying Up with Marie Kondo has become explosively popular. This is particularly true as people use the benefits…

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National Flood Insurance Program Expires in Under 2 Weeks

National Flood Insurance Program - Hourglass - Time

The last day for the program will be July 31st unless Congress changes or renews it. The National Flood Insurance Program (NFIP), which covers five million homes against the risk of flooding, is about to expire. In fact, in under two weeks, on July 31, the program will come to an end unless Congress acts to extend it. Congress could renew it as-is or could attempt to agree to change it, but they’re running out of time. If the National Flood Insurance Program is not renewed, those with coverage will…

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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

health addiction insurance

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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