Category: Homeowners Insurance

We explore all property insurance for homeowners as well as industry updates. Renters, condo, earthquake insurance as well as flood insurance are all topics covered. Flood insurance is undergoing a slew of changes all over the world that are making headlines daily

Florida homeowners insurance market draws concern after building collapse

Nordstrom
Florida homeowners insurance - homes in Florida on coastline

Increasingly destructive hurricane seasons were already worrying insurers about the state’s coastlines. The Surfside collapse has killed at least 97 people as of the writing of this article and is now causing greater concerns over the Florida homeowners insurance market. The coastal community has already been facing rising pressure from climate change. Economists are now taking another look at the concerns growing in the Florida homeowners insurance market. They are now looking to parts of the United States that are reaching the point that they are too risky to insure…

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Mercury Insurance DIY home inspections program adds 8 more states

Marc
DIY home inspections - person using magnifying glass

The program is headed into California, Arizona, Texas, Nevada, Illinois, Virginia, Oklahoma and Georgia. Mercury insurance has announced that it is expanding its program which makes it possible for all its homeowners’ policyholders to use an app for DIY home inspections. The app uses an advanced artificial intelligence (AI) assistant to complete the necessary steps. The insurer initially rolled out its DIY home inspections program for policyholders using the app in New York and New Jersey last summer. Now, it has expanded to eight more states, to include all its…

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Mercury homeowners insurance rates to reduce in New Jersey and Georgia

G. Turner
Homeowners Insurance Rates - House with keys

NJ property owners will pay 5.2 percent less and those in Georgia will pay 5% less. Mercury Insurance recently announced that it would be dropping the homeowners insurance rates paid in New Jersey and Georgia. The insurer pointed out that the biggest reductions were for people combining with auto policies. The insurer announced that in New Jersey, homeowners insurance rates would be falling by an average of 5.2 percent and those in Georgia would drop by an average of 5 percent. That said, deeper reductions will be seen by those…

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Mercury Insurance seeks to dispel California wildfire myths

H. Cutner
Wildfire Myths - forest fire

The season is lining up to be a record breaking one and the insurer hopes residents will inform themselves. Mercury Insurance has taken to its newsroom and has enlisted the help of expert Douglas Kent in the hopes of helping Californians to dispel some of the most commonly believed wildfire myths. As the blazes are being accepted as a normal part of living in the state, residents need the facts. The first among the wildfire myths that was addressed right away in the insurance company’s recent publication on its site…

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FEMA recommends flood insurance coverage even outside flooding zones

Logan B.
Flood insurance - flooded neighborhood

The Federal Emergency Management Agency says that if it rains, there is also a risk of flooding. The Federal Emergency Management Agency (FEMA) is recommending that home and business owners purchase flood insurance regardless of whether they live in a high-risk zone. FEMA said flooding is the most common and expensive natural disaster in the United States. According to FEMA, flood insurance is not covered under most standard home and business policies. That said, flooding poses the risk of destroying structures and possessions of a home or business in a…

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Everything You Need to Know About Water Damage in the Home

Guest Author
Everything You Need to Know About Water Damage in the Home

If you are a homeowner, then the signs of water damage will likely make you very worried. Unfortunately for homeowners, water damage is not always easy to spot. Often, signs only become noticeable when the effects of water damage are already irreversible. Knowing more about common signs and categories of water damage enables you to better spot and treat potential causes. Why is Water Damage such a Big Deal? Water damage can have a number of different effects depending upon the scale and form of damage you are dealing with.…

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Governor DeSantis signs overhaul of Florida homeowners insurance law

G. Turner
Florida homeowners insurance - Homes in Florida

Insurers are hopeful that this could help to ease losses but say more changes are still needed. Governor Ron DeSantis recently signed a Florida homeowners insurance overhaul into law. This will change many of the regulations regarding property coverage. Starting in July, the state will launch efforts to halt contractors pushing policyholders to add repairs. The legislation is meant to help stop contractors from pressuring policyholders from approving unnecessary repairs that will then be charged to Florida homeowners insurance companies. Moreover, it will also limit the capacity of adjustors to…

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