Live Insurance News

College dorm insurance season has arrived

August 15, 2017August 12, 2017 H. Cutner

Parents and students alike are considering whether they need this additional coverage. College students are preparing to move out of their parents’ homes and dorm insurance is among the considerations many must face. Parents and students alike are looking into the potential risks that could cause a student’s electronics and other possessions to be damaged or stolen. These student residence policies typically cover laptops, mobile devices and other tech as well as other possessions. Many students enjoy the peace of mind offered by dorm insurance because it goes beyond covering…

Lemonade insurance company heads into California with new license

May 12, 2017May 10, 2017 Logan B.

The tech-based insurer launched in New York and sells renters and homeowners insurance policies. The new Lemonade insurance company that made a splash in New York when it launched in the second half of 2016 is now stepping into California. This new tech-based insurance startup promises consumers an application process as short as 90 seconds. Moreover, the Lemonade insurance claims payment process can be as quick as 3 minutes, according to the company. The insurer received the necessary approval from the California Department of Insurance for the sale of homeowners…

$300k renters insurance settlement proves you shouldn’t blowtorch a squirrel

January 27, 2017May 4, 2018 Marc

A woman tried to clean the fur off a dead squirrel with a propane torch and burned down the building. A recent renters insurance settlement case serves as an important caution to anyone who would be inclined to use a blowtorch on a squirrel. A Michigan woman learned this the hard way after she and her boyfriend burned down her apartment complex. The couple had been at the woman’s home when they decided to try to remove a dead squirrel’s fur. The woman’s boyfriend was using the blowtorch to take…

Homeowners insurance lacking in over 9 in 10 UAE homes

November 22, 2013November 25, 2013 H. Cutner

Recent findings from Zurich have revealed that the current trend is headed in a downward direction. It took a massive fire in a Dubai residential tower, last year, to truly draw the attention of property owners in the United Arab Emirates to the importance of homeowners insurance, but it looks as though the climbing trend has come to an end and is starting to drop once more. A recent study has shown that over 9 out of every 10 people don’t have their homes covered. The homeowners insurance study was…

Homeowners insurance focused agents are missing large opportunity

October 2, 2013October 1, 2013 H. Cutner

A new J.D. Power report has shown that these professionals are not taking advantage of the long term benefit of renter customers. According to a new report from J.D. Power, agents who place all of their focus on homeowners insurance customers are not taking advantage of the opportunity offered to them for greater long term success that stems from the relationships that they can build with renter customers. As the needs of tenants grow, due to changes in their lives or circumstances, they could provide additional opportunities. Renters coverage may…