Tag: home insurance

More homeowners insurance policies being removed from Citizens

S.Vagus
Florida Homeowners Insurance

Florida regulators approve further depopulation efforts Florida insurance regulators have approved yet another initiative from the state’s Citizens Property Insurance organization to shed policies. The state-run insurer has been working to depopulate itself of homeowners insurance policies for the past few years in order to resolve ongoing financial issues. The endeavor has proven quite successful, as the insurer recently announced that it now has some $7 billion in reserve capital. The initiative has caused some concern among consumers, however, whose policies are being taken up by private companies. 151,000 policies…

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Homeowners insurance organization makes progress in Florida

S.Vagus
Florida homeowners insurance, Citizens Property

Citizens Property Insurance finds financial success Florida’s Citizens Property Insurance has been struggling beneath a shroud of controversy for the past year. The state-run insurer has been cutting policies in an effort to depopulate itself and reduce financial strain while also raising rates on insurance policies that it has maintained. This has generate a great deal of criticism that has been issued against the state-run organization as well as lawmakers, but it has also placed Citizens Property Insurance in the “best financial shape” it has ever been in, according to…

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Tennessee homeowners insurance customers advised to review their coverage

Julie Campbell
homeowners home insurance policies christmas holidays

The State Fire Marshal has recommended that they look into their protection ahead of holiday travels. The top fire official in the state is recommending that Tennessee homeowners insurance policyholders review their coverage before they head out of their homes this holiday season. The more people go away on vacations or even just to attend gatherings, the greater the risk of mishaps. There are a number of reasons that Tennessee homeowners insurance customers should be more aware of their coverage and of their own activities at this time of year.…

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Flood insurance prices may ease for Tampa Bay homeowners

H. Cutner
National Flood Insurance Program rates

Residents of the area had been expected to pay up to ten times more for coverage, but this may not be the case. Homeowners living in the Tampa Bay area who were feeling increasing concern about flood insurance prices that could soon be skyrocketing may now be breathing a great deal easier with the chance that relief may be on its way. Over the last few months, the cost of this type of coverage was sent skyward in the region. Homeowners found themselves facing flood insurance bills that they couldn’t…

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Fire insurance claims break records on Thanksgiving Day

Julie Campbell
Holiday Mayhem - Thanksgiving turkey’s go up in smoke!

Insurers are cautioning Americans to take some simple safety precautions this year. Thanksgiving Day is a holiday that represents togetherness, family, and giving thanks for all of the things with which we have been blessed in our lives, but it is also the time of year that inevitably leads to the highest number of fire insurance claims. Studies have shown that fire departments can receive up to three times the typical number of calls on Thanksgiving. The reason is that there are many Thanksgiving activities that involve an increased risk…

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