Renters insurance coverage protects tenants from more than they realize

Renters insurance coverage - For Rent sign

This lack of understanding means many people don’t value it as highly as they might with information. Most tenants are aware that renters insurance coverage exists, and while most done realize how affordable it actually is, even more don’t realize how much coverage they receive within the bounds of one standard policy. Many people believe these policies are meant exclusively to cover stolen or damaged possessions. The reason renters insurance coverage is often interpreted this way is that it is also often known as contents insurance. This implies that the…

Read More

Insurance companies urge policyholders to use these holiday disaster prevention tips

Holiday disaster prevention - gas stove

This year may be different than others for many families, but the same care needs to be taken. Many gatherings this year will be much smaller than usual, but insurance companies want policyholders to remember that holiday disaster prevention is as important as ever. 2020 has been tough enough, this makes it all the more important to take action to keep everyone safe. Among the most important holiday disaster prevention strategies you can take are those that focus on keeping your home and family safe from fire. A Christmas tree…

Read More

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

Lemonade renters insurance rolls out to French tenants

Lemonade renters insurance - homes in Paris, France

The industry disrupting insurer is now entering its third country in the European Union. Lemonade renters insurance is now moving into its third European market as it takes its first steps into France. The insurer has already entered into the Netherlands and Germany in the European market. Though Lemonade renters insurance is entering a growing number of European countries, it originally from the United States. It is now a public company with a current market capitalization near $4 billion. The insurer will be in direct competition with a local firm…

Read More

Hurricanes and lawsuits to send Florida homeowners insurance rates higher

Florida homeowners insurance rates - home - car - US dollar

Another busy storm season and rising claims litigation explain insurer policy premiums hikes. Florida homeowners insurance rates will be heading upward for policyholders across the central part of the state next year. Insurers point to consecutive active hurricane seasons and a steadily rising claims litigation trend to explain the rising prices. Insurance companies face higher expenses due to the continual record-setting hurricane seasons. The state has suffered damage from several record-setting hurricane seasons. Between those damage claims and the rising lawsuits regarding those claims, insurers are raising Florida homeowners insurance…

Read More

State farm fire prevention project tests electrical wiring sensors for problems

State Farm fire prevention - wires in walls

The insurance company is sending homeowners sensors in a pilot testing for electrical defects. A new State Farm fire prevention program pilot has launched. It will use sensors to detect electrical wiring hazards in 40,000 homes in California, Texas, and Arizona. The goal is to provide consumers with a way to prevent electrical wiring fires and measure savings. The State Farm fire prevention pilot will send the sensors to the homeowners to measure customer acceptance and potential savings if the program were to be broadened. The insurer’s vice president and…

Read More

Progressive offers Thanksgiving turkey insurance protection plan at Whole Foods

Thanksgiving Turkey Insurance - Turkey in oven

The grocery chain and insurer have teamed up to help customers protect their holiday meal this year. The Whole Foods grocery chain is working with Progressive to offer customers a Thanksgiving turkey insurance plan. The idea behind this coverage is to help protect against having the central part of the meal go wrong. The two companies are working together in this unique and somewhat odd combination. This Thanksgiving turkey insurance will be available exclusively for the one dish for this single celebration. Therefore, even if a family member brings a…

Read More