Californians wonder if fire hardening will make it easier to get homeowners’ insurance

Fire hardening - Wildfires

Creating a program to incentivize homeowners to mitigate the risk of wildfires has potential. Californians across the state are trying to do what they can to spare their homes from wildfire risk, and some are looking to fire hardening in the hopes of becoming more acceptable to homeowners’ insurance companies. Insurers are becoming increasingly risk averse in the state when it comes to protecting from wildfire. Californian homeowners have been watching their premiums spiking and many are at a risk of having their coverage cancelled altogether. The wildfires in the…

Read More

Allstate warns policyholders of home break ins spike at this time of year

Home Break Ins - Mayhem - The Social Media-Savvy Burglar - Allstate Insurance YouTube

The insurance company is reminding its customers to be vigilant throughout December. December is often the month with days in which there is most likely to be home break ins, according to a reminder from Allstate Insurance. In Texas, for example, the first of the month is traditionally the busiest for burglars breaking into houses and apartments. According to the insurer, this trend has been ongoing, driven by a rise in holiday shopping. With Thanksgiving, Black Friday, and sometimes Cyber Monday falling on or before December 1, that day has…

Read More

Bed and breakfast insurance can help to keep a dream business safe

Bed and Breakfast Insurance - Victorian home

A B&B can be a highly rewarding home business, but ownership comes with very specific risks. Many people dream of opening a B&B and just as important as a perfect location and customer experience is the right bed and breakfast insurance. Many owners begin a B&B as the first business they have ever run and misunderstand the importance of coverage. There is often a far greater focus on trying to keep up with daily tasks, advertising effectively, and bringing in enough money. It’s not uncommon for B&B owners to assume…

Read More

Natural disaster damage sends homeowners insurance rates skyward

Natural Disaster Damage - Tornado destruction

Insured losses resulting from claims relating to Mother Nature have been climbing sharply. Natural disaster damage has been sending homeowners insurance claims upward and, as a result, it has meant that rates for policies have been rising, too. A new analysis showed that severe storms and other catastrophes are becoming more common. Over the last ten years, natural disaster damage has become more commonplace and more expensive for homeowners and insurers. According to a new analysis, this is causing home insurance rates to head sky high. The analysis was done…

Read More

Home sharing participants need short term rental insurance coverage

Short Term Rental Insurance - Airbnb

Airbnb, VBRO and HomeAway members need special coverage for brief or seasonal rentals. Home sharing has become a popular way to earn extra income from a property, but all too many of those owners fail to obtain short term rental insurance. Regardless of whether a condo, seasonal property or home is rented in its entirety or just a portion, these guests are not typically covered by standard homeowners insurance. That said, this doesn’t mean that there isn’t any coverage at all for these helpful income sources. There are many home…

Read More

Landscape insurance covers homeowners with valuable gardens and trees

Landscape insurance - Home and Garden

Some homeowners have adequate coverage with their standard policies but others need more. Summer is here and with it are the season’s severe storms and other potential risks that make homeowners look into landscape insurance. Summer comes with a full range of highly destructive perils that can harm expensive landscaping. Summer storms can be far more severe than spring rains. Hot temperatures can bring wild winds, downpours of rain, lightning strikes and damaging hail. If you have a good homeowners insurance policy, you’ll have the coverage you need to cover…

Read More

Jewelry insurance appeals to diamonds and heirlooms

Jewelry Insurance - Jewelry - Necklaces - Silver - Gold - Pearls

Expensive rings, necklaces, earrings, watches, bracelets and other items need separate coverage. Engagement rings, great-grandmother’s necklace and other expensive items can benefit from jewelry insurance coverage. Their coverage under homeowners or renters policies is very limited. Often, there is inadequate protection offered for the full value of a high-value piece. Renters and homeowners policies offer protection but only up to a certain limit for all pieces. Homeowners and renters insurance policies will usually limit jewelry coverage at around $1,000 to $5,000. However when it comes to more expensive pieces, this…

Read More