Tag: Flood Insurance

Flood insurance opportunity for Sandy may have passed

insurance news - atlantic hurricane season

Homeowners who want coverage against flooding should have already purchased their policies. In the human tradition of leaving things until the last minute, many families are rushing to fill their gas tanks, crowding grocery stores to stock up on the food they might need over the next little while, and are calling their insurers to find out what flood insurance they have against Hurricane Sandy. Unfortunately, for many, inquiring about coverage is something they should have done much sooner. Homeowners across the Northeast of the country are getting themselves ready…

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Homeowners insurance is greatly misunderstood by many UK policyholders

Marc
Homeowners Insurance and Storm Damage

These customers face high risks as the harsh winter weather approaches. Now that the potentially damaging winter weather is getting closer, the risk associated with letting homeowners insurance go unpaid has increased significantly, but this hasn’t stopped many United Kingdom customers from doing so. A recent study has shown that sixty percent of policyholders do not understand their storm coverage. This research was conducted by Onepoll in September 2012 and involved the participation of 2000 U.K. homeowners insurance customers. What was determined was that these policyholders had a large number…

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North Dakota consumers win with flood insurance legislation

S.Vagus
Missouri Flood Insurance

New legislation makes changes to North Dakota flood insurance policies Legislation has been passed in North Dakota that changes the effective date of flood insurance policies throughout the state. Last year, many homeowners purchased or upgraded flood insurance policies in the wake of flooding in the Missouri River. Those purchasing policies after the disaster struck had feared that their newly bought coverage would not cover the damage that had been done to their homes and properties. Thanks to new legislation, their policies may now actually provide them with the coverage…

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Homeowners insurance may not be providing the added coverage policyholders want

H. Cutner
homeowners insurance home warranty

As the summer fades away and winter looms ahead, people are buying added protection for possible emergencies. The coverage from homeowners insurance is vital in the case of a fire, a burst water pipe, or even when a tree falls over into the house, as it provides coverage for all or part of the repair costs, but many policyholders aren’t entirely certain as to what coverage they have. This is risky because not understanding coverage means that the protection may not be adequate. This can also mean that if an…

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Thai floods: One year later

S.Vagus
Thailand Floods 2011

Lloyd’s of London analysts examine impact of Thai floods Just over a year ago, severe flooding in Thailand caused by a powerful and unforgiving monsoon season caused havoc in Bangkok and other cities throughout the country. Analysts from Lloyd’s of London have come together to examine the effects that the Thai floods had on the insurance industry and the country. The floods produced some $45.7 billion in damages, $12 billion of which was shouldered by insurance and reinsurance companies that operate in the country. Lloyd’s of London itself accounted for…

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