Live Insurance News

Homeowners Insurance: Deductibles Debunked

January 21, 2013April 13, 2014 Guest Author

When it comes to purchasing homeowners insurance, choosing the right deductible for your home may be a tricky decision. There are many different types of deductibles and it is easy to get confused by the amount of options available to you. If you are stressing out over picking the right deductible for you, then this article will explain the different terms you may come across when making this vital decision. Percentage Deductible Quite often, a property’s deductible is calculated not by its dollar value, but by a percentage value. The…

Lenders ease their grip on claims funds for Hurricane Sandy relief

December 17, 2012December 17, 2012 Marc

Hurricane Sandy Damage flood Insurance surcharge

Hurricane Sandy claims payouts to be freed due to agreement with Department of Financial Services Eleven of New York’s major lending companies have reached an agreement with the state’s Department of Financial Services. The agreement involved expediting the claims payouts that are due to homeowners that have been affected by Hurricane Sandy. Many of these homeowners are waiting on their claims payouts in order to begin the recovery process, but insurance companies have been issuing payouts at a sluggish pace for some time. The state government is keen to increase…

Insurance Information Institute sees premiums rise in wake of Hurricane Sandy

November 28, 2012April 30, 2013

Insurance Information Institute notes homeowners insurance rates are on the rise and have been for some time Hurricane Sandy is expected to have a significant impact on homeowners insurance premiums in the Northeast U.S., according to the Insurance Information Institute. The trade association suggests that major storms like Sandy often have an impact on insurance rates, but Sandy is not the only factor that is going into the growing premiums of homeowners insurance coverage. The Insurance Information Institute suggests that premiums have been growing since mid-2011 and that Hurricane Sandy…

Americans are only at the beginning of weather related expenses

September 9, 2011September 9, 2011 Julie Campbell

J.D. Power and Associates has released the results of study that indicated that a sizeable percentage of consumers who are in weather disaster-prone regions do not have adequate home insurance coverage. The United States may be the richest country in the world, but severe weather can still threaten its people and businesses. There are two primary socio-economic issues that impact the amount of economic loss that results from this type of catastrophe. They are: value at risk and population exposure. The 2011 U.S. National Homeowners Insurance Study showed that even…