Parents are hunting for college student renters insurance

Renters insurance - College students

It’s that time of year when students are heading to dorms and off-campus rentals in houses and apartments. College students are preparing to head into their dorms or off-campus rentals, bringing quite a bit to jam into small spaces, while parents continue to seek out the best renters insurance to make sure all those possessions are covered against the unexpected. Accidents, fires, thefts and others can leave uncovered students on the hook for replacement expenses. Many parents know that renters insurance is their best option to make sure that even…

Read More

Nearly 3 in 4 homeowners don’t know how their home insurance works

Home Insurance - Confusion about coverage

72 percent of participants of a Forbes Advisor survey don’t know what their coverage gives them. While most homeowners understand that home insurance is critical, but according to the results of a new Forbes Advisor survey of 2,000 policyholders, the vast majority don’t know what their coverage provides. Homeowners don’t understand their coverage even though they said they’re paying more for it. According to the survey, homeowners don’t realize that their home insurance policy provides more coverage than just protecting their house and belongings against damage or theft. It stated…

Read More

How does home insurance protect the gifts you bought on Black Friday?

Home Insurance - Gifts

Many people forget to make sure they have the necessary coverage for big ticket items. While consumers shop for the best deals on the hottest holiday gift items this year, many forget to consider the way that home insurance factors into the situation. It’s not uncommon for homeowners to be unaware of the coverage they need in case the worst should happen. Home insurance companies across the country are hoping to spread the message that standard policies will provide some protection in case gifts are stolen from within the home…

Read More

Homeowners insurance self-service apps are changing the game

Homeowners insurance - Home - digital - app

Consumers enjoy the shopping experience and the chance to reduce costs, but not all features are replaced. Self-serve homeowners insurance apps can help consumers and insurers alike to cut costs, and can create a shopping experience people enjoy, but while they are shaking up the industry, they haven’t yet reached the point that they can do everything. The manual claims process continues to exist even as applications increase available features. According to a recent LexisNexis Risk Solutions study, 93 percent – the vast majority – of homeowners insurance companies feel…

Read More

California fire insurance companies decline almost 350,000 policy renewals

California fire insurance companies - Firefighters fighting wildfire

Insurers are taking big steps back from the industry in the state’s highest risk areas. New data from the state shows that California fire insurance companies have declined the renewal of almost 350,000 home policies since 2015. This was most common in areas with the highest wildfire risk. The data showed that insurers are trying to reduce their risk exposure as wildfires become more costly. The newly released data did indicate that California fire insurance companies have dropped hundreds of thousands of customers. However, it did not point out how…

Read More