homeowners tornado insurance Archives

Tornado insurance claims in May broke the 75k mark

July 8, 2013July 6, 2013 H. Cutner

The payments, so far, have reached almost $688 million for homes and twisters damaged by tornadoes. The claims that were made related to the twisters that occurred in Oklahoma over the month of May have now broken the 75,000 mark, to the point that insurers have now made almost $688 million in tornado insurance payments. On June 26, the number of claims that had been filed for this type of damage reached 75,758 in the state. On that same date, the payments made on tornado insurance claims in Oklahoma for…

Homeowners insurance claims from Oklahoma tornado could exceed Joplin

May 24, 2013May 25, 2013 Julie Campbell

Homeowners insurance losses oklahoma tornado

The state commissioner has reported that the damage caused by the E5 will be in the billions of dollars. John Doak, the Oklahoma Insurance Commissioner, has stated that it is likely that the tornado that struck the Oklahoma City suburb will generate homeowners insurance claims that will be higher than the twister that hit Joplin, Missouri in 2011. Doak stated that Joplin’s storm caused about $3 billion in damage, and that “This will likely exceed that.” The commissioner made his statement after having toured the devastated area. He said that…

Not Happy With Homeowners Insurance – How to Compare Quotes

March 3, 2013April 21, 2014 Guest Author

If you’re looking for homeowners insurance, you have to shop around first. Getting the best deal and the best coverage both depend on comparison shopping. It’s easy, just as long as you know where to start. Go With What You Have As you begin looking for homeowners insurance, stick with what you know. Talk to the company that carries your car insurance first, to see if they have any viable options or recommendations. They might even offer bundling opportunities. If you rent your home, then the company carrying your renters…

Tornado insurance changes to be implemented in Missouri

August 29, 2012April 30, 2013

Following the disaster in Joplin, new regulations will soon be put into place. There will be some significant changes to be made for tornado insurance in Missouri following the lessons that were learned through the destruction in Joplin. The Missouri insurance department has announced that these rules will start next year. The department has stated that the mutual tornado insurance companies will face new regulations, with the purpose of preventing the type of drain on the finances that was seen a short time following the deadly Joplin twister. New state…