Insurance news shows that while burglaries are dropping, claims are rising

Burglar Alarm Discount homeowners insurance news

A recent report from an insurer has shown that break ins aren’t as common but they are more expensive. Over recent years, insurance news has been reporting that victims of burglaries are increasingly discovering that their homeowners policies are falling short of the amount that would be required to replace some of their valuable possessions, as thieves have started to focus on small and expensive items that are easy to sell instead of large and bulky items such as big screen TVs. While people focus on making sure that their…

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Homeowners insurance company warns of Friday robbery spikes

Burglar Alarm Discount homeowners insurance news

According to a data analysis conducted by Aviva Canada, home burglaries dramatically rise in summer months, too. While the majority of us may look forward to Fridays because it means that we’re headed toward a weekend of fun and relaxation, a homeowners insurance company is now warning property owners to take extra precautions on that day as it is also a favorite time for burglaries. A large national home insurer has conducted a data analysis and showed that certain times are far worse than others. Aviva Canada’s data analysis showed…

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Ensuring your insurance claim gets paid

insurance industry claims

Insurance claims can be tricky Insurance claims are generally straightforward, but they can become quite tricky to manage, especially when natural disasters strike. When a person falls ill and must receive medical care or when a property is damaged by a powerful storm, an insurance claim is generated. These claims are not approved by insurance companies outright and insurers typically investigate the claims they receive to ensure that they are not fraudulent. At times, even honest claims are rejected by companies because the claimant did not provide enough information or…

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Homeowners insurance tips for winter claims prevention issued by industry

homeowners insurance tips

A video featuring “Uncle Insurance” is the next in the series to help to avoid damage and claims. As wintery weather becomes more visible, the industry is renewing its previous reminder of the many homeowners insurance tips that are available to help to winterize a home and prevent damage from freezing temperatures, snow, and ice. Although the best time to prepare the house is ahead of the lousy weather, these changes are better done late than never. Many meteorologists – and The Old Farmer’s Almanac, for that matter – are…

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Homeowners insurance premiums in Minnesota need only one claim to spike

Minnesota homeowners insurance

The cost of the coverage within the state will jump after even a single claim has been made. According to the results of a recent study, filing just one claim is enough to cause the premiums for a homeowners insurance policy to skyrocket in the state of Minnesota, which was the highest rate of increase in the country following one claim. In fact, the research showed that after a claim, the average increase in premiums was 21.2 percent. That figure is according to a homeowners insurance report that was issued…

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Homeowners insurance claims from sinkholes rising in Florida

Florida Sinkhole Homeowners Insurance

The increase in this type of damage is starting to make a mark on several of the state’s industries. Although sinkholes have always been around, there has been a sudden increase in the number of homeowners insurance claims relating to their damage throughout Florida, causing engineers, scientists, real estate developers, and other experts at a difficult conflict. Many believe that it is the activity of humans that is causing this spike in sink holes. There are some geological experts that have stated that they feel that there is a growing…

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Homeowners insurance reminder issued by State Farm about multiple claims

homeowners insurance policy multiple claims

The insurer released this statement because many policyholders feel it should work like a bank account. State Farm has issued a reminder to homeowners insurance policyholders to help them to keep in mind that a policy is not the same as a bank account, so the premiums being paid are not an amount that is being amassed so that it will be guaranteed to be available later on. The statement was made in response to many policyholders’ shock when it didn’t function as a savings account. This has become quite…

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