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…

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Is your home protected on July 4 in case of firework damage?

Firework damage - Fourth of July Celebration

A gorgeous pyrotechnic display is a fantastic way to polish off a red, white, and blue themed party. Families and friends across the country are preparing to celebrate the fourth of July and should understand their coverage against firework damage to ensure that if something goes awry it won’t lead to financial ruin. The National Fire Protection Agency says this is the biggest day of the year for home fires. Firework damage is a serious risk. Though additional precautions can help to prevent disaster, it’s still important to understand your…

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American homeowners insurance rates have skyrocketed in the last 10 years

American homeowners insurance rates - House

A recent study showed that property owners are paying far more now than a decade ago. Natural disasters occurring over the last ten years are being blamed for a surge in American homeowners insurance rates. Tornado alley has experienced the fastest increase in home insurance premiums in the US. A LendingTree subsidiary, QuoteWizard, looked at data over the last 10 years to explain the steady, sharp increase in American homeowners insurance rates. What they determined was that there has been a series of natural disasters that have kept premiums moving…

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Top Christmas homeowners insurance claims identified as a caution to consumers

Christmas homeowners insurance claims - House decorated for christmas

Policyholders are advised to learn from the mistakes of others so they won’t be repeated. Insurers are releasing their lists of top Christmas homeowners insurance claims from previous years. This is meant to be useful information for policyholders who want to make sure they have a claim-free Christmas this year. The combination of decorations, cooking and drinking can all pose a range of preventable risks. Insurance companies are hopeful that by educating consumers about the risks, it will help them to make better choices and prevent disaster. In this way,…

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Renters and Homeowners insurance coverage helps evacuated residents

Homeowners insurance coverage - Evacuation Route - Sign

Regardless of whether or not the California wildfires have caused damage, policies are still helpful. People affected by emergency evacuation orders may benefit from their homeowners insurance coverage regardless of whether their homes are damaged. Home and renters insurance policies cover more than just damage caused by wildfires in the area. “With sometimes only minutes to evacuate, residents often escape with only the clothes on their backs,” said California Insurance Commissioner Dave Jones. Hundreds of thousands of people in California have been affected by evacuation orders as a result of…

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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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Force placed insurance regulations to be altered in the United States

force placed insurance

The FHFA now intends to ban mortgage lenders from being able to receive payments. The Federal Housing Finance Agency (FHFA) is now working to ban mortgage companies from being able to receive lucrative payments in order to arrange for forced placed insurance on behalf of homeowners in certain situations, such as when an existing policy has been allowed to lapse or has gone unpaid, against the agreement of the loan. The U.S. housing regulator is working to stop this controversial payments practice from continuing. Government officials have revealed that force…

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