Tag: Alabama homeowners insurance

Flood insurance may be set for reform in Alabama

Logan B.
flood insurance

New legislation seeks to address problems with insurance coverage New legislation in Alabama could have a major impact on flood insurance throughout the state. Currently, homeowners throughout the state must rely on the National Flood Insurance Program in order to find the protection that they need. The program, however, is riddled with debt and has come under fire for its inability to pay claims effectively. Moreover, coverage through the federal program is becoming significantly more effective for many people throughout the country. The problems with the federal program have lead…

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Homeowners insurance program created for Alabama coastal residents

Marc
Alabama homeowners insurance

New coverage now available for homes in these regions requiring wind and flood protection. Residents of the coastline in Alabama have been struggling for many years to be able to find high quality comprehensive homeowners insurance that also provides them with protection against wind and flooding. A new program has now been introduced, uniquely within this industry, in order to assist these residents. Homeowners insurance customers in Mobile and Baldwin counties, for example, have struggled to obtain this coverage at an affordable price due to the increased risk that is…

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Homeowners insurance rates could fall following new rating from fire department

mobile alabama mayor samuel jones homeowners insurance

Some residents of Mobile, Alabama may find that new safety scores could bring their premiums down. Local fire departments are playing a new role for homeowners insurance customers in Mobile, Alabama, in that the safety ratings that they have been issuing are making it possible for those policyholders to save money on their premiums. An increase in fire stations and firefighters, among other factors, are converting into coverage savings. Alabama homeowners insurance customers are experiencing a faster response time due to many factors, including a raise in the number of…

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April tornados cause more than $2.2 billion in damage, according to Alabama insurance officials

Julie Campbell

The Alabama Department of Insurance has released the latest numbers concerning insured losses from the tornado outbreak in April of last year. A series of devastating tornados hit the state in late April, causing large amounts of damage to homes, businesses, automobiles and claiming a number of lives. The latest estimates of damage do not account for the claims paid through surplus insurance lines from companies like Lloyd’s of London. The estimates only concern insurance payouts that come from insurers regulated by the state. According to the Department of Insurance,…

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