Halloween insurance claims always rise, often more than any other day

Halloween insurance claims - Jack-O-Lantern

As much as trick-or-treating may be fun, it can also lead to some of the costliest claims to insurers. Insurers are gearing up for another holiday of Halloween insurance claims, as is the case every year. As fun as this day may be for kids of all ages, homeowners and car owners often face some of their worst outcomes. Data shows that home and auto theft and vandalism claims are consistently high on Halloween. Therefore, insurers always encourage homeowners and car owners to review their policies before Halloween insurance claims…

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Travelers insurance discounts added after purchase of home policies over Amazon

Travelers Insurance Discounts - Woman - Discount Price

The insurer has opened a storefront on the website’s marketplace, said a company announcement. Policyholders seeking Travelers insurance discounts may be able to find them by shopping on Amazon. The insurance company has created a digital storefront that has become the first of its kind on the electronic marketplace. The homeowners insurance policies will use smart home technology to help monitor houses. “Smart home technology is making it easier for all of us to monitor our homes and help protect us from some of the most common causes of damage,”…

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Homeowners insurance policies are still being dumped by Citizens

Florida Homeowners Insurance

The state backed insurer has said that it believes that it will be able to shrink to a smaller size than previously believed. Citizens Property Insurance has now received another wave of shedding homeowners insurance policies from regulators, and the company has now revealed that it will be able to reduce its size by more than what it had once thought. This latest round could allow the insurance company to shed an additional 93,500 of its policies. The state backed homeowners insurance company can now rid itself to up to…

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Flood insurance coverage fails Detroit homeowners

West virginia Flood Insurance Coverage

Many metro Detroit homeowners will not receive compensation for damage caused by flooding. The aftermath of last week’s flooding in metro Detroit, most of which was the cause of sewer backups, has left a number of homeowners in the area with flooded basements and, much to the dismay of many of these residents, they learned that most flood insurance does not cover damaged objects, such as furniture, fridges, computers, and televisions. Some structures in the basement are covered and some are not. According to FEMA guidelines, ordinary federally supported flood…

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Citizens Property Insurance continues to release homeowners insurance policies

Florida homeowners insurance, Citizens Property

Citizens falls below 1 million policies for the first time since 2006 Florida’s Citizens Property Insurance has announced that it has successfully reduced the number of policies it is responsible for to less than 1 million for the first time since 2006. The state-run insurer has been working to depopulate itself per the whims of the state Legislature. Lawmakers believe that depopulating the insurer of policies will help address several problematic financial issues. As such, the policies being released by Citizens are being acquired by private homeowners insurance companies throughout…

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Citizens launches new initiative to shed homeowners insurance policies

Florida homeowners insurance, Citizens Property

New initiative may help Citizens send policies to private companies Florida’s Citizens Property Insurance has launched a new initiative that is designed to further depopulate itself of costly homeowners insurance policies. The state-run insurer had been suffering from serious financial issues in the past, which are associated with the state’s exposure to natural disaster and the disasters that had visited the state in the past. Citizens has overcome many of its past issues, but is still working to shed policies and the organization is encouraging policyholders to find coverage from…

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Homeowners insurance from Citizens to be lost by many property owners

Florida homeowners insurance, Citizens Property

By January, there will be tens of thousands of consumers who will no longer be covered by the state-backed company. January is coming ever closer, and by that time the homeowners insurance from Citizens that is currently covering a large proportion of the property owners in the Florida will be shrinking by tens of thousands of policies. By that point, policyholders will no longer have the choice as to whether or not they remain with Citizens. This should not come as a complete surprise to many of the people in…

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