Confusion concerning homeowners insurance protection is a major problem in California Confusion is a common problem among a large portion of Californians when it comes to the basics of homeowners insurance. A new poll from InsuranceQuotes.com, an insurance aggregator, shows that many people do not accurately know what their homeowners insurance policies cover. This confusion is not only common in California, of course, and has been documented elsewhere in the U.S. Homeowners insurance confusion was recently highlighted as a major issue that exacerbated the impact of 2012’s Hurricane Sandy. Homeonwers…
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Homeowners insurance bill inspired by Superstorm Sandy becomes law
The regulation has now been put into place in New Jersey to make sure residents understand their coverage. A new law in New Jersey is now requiring homeowners insurance companies to provide their policyholders with a one-page description of what is and is not covered by their policies. This was a direct response to the massive confusion among policyholders in the aftermath of Sandy. The measure has now been signed by New Jersey Governor, Chris Christie. This was announced by the Assembly Democrats in a news release The goal of…
Read MoreHurricane Sandy incites major confusion in New Jersey
Hurricane Sandy causes widespread confusion The impact of Hurricane Sandy continues to be felt despite the storm having made landfall and dissipating several months ago. A New Jersey State Assembly committee met late last week to address yet another issue that has arisen in the wake of Hurricane Sandy. Over the past few months, lawmakers and citizens alike have been working to overcome problems with insurance coverage, claims, and the damage caused by widespread flooding. Now, however, state officials must combat the growing confusion that Hurricane Sandy has generated, which…
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