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

Tornado Outbreak in the Midwest Leaves Devastation in Its Wake

Marc
Tornado Outbreak

The Human Cost of Tornado Devastation Over the course of three harrowing days, a series of tornadoes tore across nine states in the Midwest and South, leaving heartbreak and destruction in their wake. The storm system, which spawned over 50 tornadoes ranging in strength from EF-2 to EF-4, claimed more than 40 lives. Communities—from small towns in Missouri to remote hamlets in Mississippi—are now grappling with the aftermath of this natural disaster. Among the hardest-hit areas was Mississippi, where an EF-3 tornado tore through the small community of Plantersville. Winds…

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Safeco, Liberty Mutual, and the Lawsuit Challenging Insurer Accountability

Angela Linders
Safeco and Liberty Mutual Hail Damage Lawsuit

Safeco and Liberty Mutual Hail Damage Lawsuit Highlights Industry Challenges Hailstorms might last minutes, but their implications can drag on for years, especially when insurance claims come under scrutiny. A high-profile lawsuit in Oklahoma has brought Safeco and Liberty Mutual into the spotlight, raising questions about both policyholders’ rights and insurers’ responsibilities. While allegations of bad faith claims and branding confusion have fueled the debate, it’s worth examining the perspectives of all parties involved to uncover the complexities of this case. The Lawsuit Breakdown Ralph and Myrna Lightfoot of Oklahoma…

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California Approves State Farm Massive Insurance Rate Hike Amid Consumer Pushback

Nordstrom
State Farm Massive Insurance Rate Hike

State Farm’s Controversial Rate Hike: What You Need to Know California homeowners could see a significant increase in their insurance premiums following a provisional decision by Insurance Commissioner Ricardo Lara. On March 14, 2025, Lara announced preliminary approval for a 22% rate hike on State Farm’s homeowner insurance policies. This decision hinges on conditions set by the commissioner and a public hearing, scheduled for April 8, where State Farm must justify its request. The proposed hike could raise premiums for renters and condo owners by 15% and landlord coverage by…

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The Intersection of Mortgage Insurance and Property Insurance in Today’s Housing Market

Ester Adams
Mortgage Insurance and Property Insurance

Understanding Mortgage Insurance and Property Insurance If you’ve purchased a home or plan to, understanding the different types of insurance tied to it is crucial. Two key types are mortgage insurance and property insurance, but they serve very different purposes. Mortgage insurance protects lenders in case a borrower defaults on their home loan. It’s usually required when the down payment is less than 20%. The cost of mortgage insurance is based on the value of the property. For example, a more expensive home will generally result in higher mortgage insurance…

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Could Unbundling Save You Money? What Texas Insurance Bill Says

Anna Cruise
Texas Insurance Bill

Texas Debates Mandatory Insurance Bundling as Senate Bill 213 Gains Momentum Texas lawmakers, regulators, and consumer advocates are deep in discussions over the controversial practice of insurance bundling. At the heart of the debate is Senate Bill 213, introduced by State Senator Royce West, which seeks to make it illegal for insurance companies to require customers to bundle their home and auto insurance policies with the same provider as a condition for coverage. This pushback against mandatory bundling comes amid growing concerns from policyholders and consumer groups who argue that…

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Liberty Mutual to Refund Louisiana Homeowners Over Assessment Overcharges

H. Cutner
Liberty Mutual refund

Why Louisiana Homeowners Deserve Answers If you’re one of the 138,000 Louisiana residents insured by Liberty Mutual, you may soon see a small refund coming your way. For four years, the insurance giant overcharged policyholders for the Louisiana Citizens Property Insurance Corp. assessment. This surcharge is intended to help homeowners who cannot find coverage on the private insurance market due to natural disaster risks, but errors in Liberty Mutual’s calculations left many consumers paying more than they should have. The overcharges, which total about $4 million, might not break the…

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Florida’s Home Insurance Crisis Deepens Amid Revelations of Financial Practices

Tate Ellison
Florida’s Home Insurance Crisis

Lawmakers Begin Scrutiny of Insurance Industry Practices Florida’s property insurance market has been a focal point of concern for years, with homeowners facing skyrocketing premiums and limited options. However, new information has surfaced, shedding light on financial practices within the insurance industry that raise serious questions about transparency. A report from March 2022, commissioned by the state’s Office of Insurance Regulation, has now become central to this discussion. Though it was completed over a year ago, it wasn’t made public at the time. It was only obtained recently through a…

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