The top homeowners insurance mistakes policyholders make

Homeowners insurance mistakes - hand holding house in bubble

This coverage can be complicated, resulting in errors frequently made while filing claims. Homeowners insurance mistakes are more common than many policyholders may think. Unfortunately, when errors are made during the claims process, the result can be quite expensive. Policyholders are advised to review their coverage annually and when large changes occur. Beyond making sure they have the right coverage in place, it’s also important to understand the claims process. This helps to avoid some of the most common and potentially expensive homeowners insurance mistakes. As climate change brings an…

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86 percent of homeowners think they have their hurricane preparedness under control

Hurricane Preparedness - Hurricane Laura as a category 4

Many property owners aren’t taking into consideration the additional challenges from COVID-19. Even after the devastation left behind by the major storms last week, most homeowners feel they have made adequate hurricane preparedness efforts, according to a recent survey. When Hurricane Laura reached the US Gulf Coast, it struck as a highly powerful category 4. According to the research conducted by ValuePenguin, most homeowners – 86 percent – feel that the hurricane preparedness steps they have taken are enough. However, thousands of people who were in the path of last…

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Many US homeowners are shocked at how high their flood risk score really is

Flood risk score - person shocked

Every American homeowner is finding out how much of a risk their property is truly facing. This month, every current and potential homeowner in the United States has access to the flood risk score of their property (or one they are considering for purchase). Many find themselves amazed at how high their property’s risk of flooding has been assessed to be. America’s flood risk score is being reassessed by First Street. This is a part of a broader effort to provide current homeowners and prospective home buyers, and the real…

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A homeowners insurance review is important at the start of every spring

Homeowners Insurance Review - Residential

Property coverage should be re-examined annually, and this season presents a good opportunity. Experts in the industry typically recommend that property owners conduct a homeowners insurance review once per year, and the spring is an ideal time to do it. The start of this season allows property owners to ensure they have adequate coverage for the year ahead. With the fresh starts that come with springtime, a homeowners insurance review can help policyholders to ensure that their coverage is still appropriate for their needs. This way, they can know that…

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5.7 magnitude Utah earthquake places spotlight on insurance coverage

Utah earthquake - cracked road

The quake struck the state on Wednesday morning, knocking out power and shaking residents. The 5.7 magnitude Utah earthquake that struck on Wednesday morning has reminded residents and business owners of the importance of coverage. Around 55,000 people were left in the dark from power outages in the Salt Lake City Area. The magnitude of the Utah earthquake was reported by the US Geological Survey, and the power outage figures were released by Rocky Mountain Power. Local news reports shared that many people in the region were startled by the…

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Allstate warns policyholders of home break ins spike at this time of year

Home Break Ins - Mayhem - The Social Media-Savvy Burglar - Allstate Insurance YouTube

The insurance company is reminding its customers to be vigilant throughout December. December is often the month with days in which there is most likely to be home break ins, according to a reminder from Allstate Insurance. In Texas, for example, the first of the month is traditionally the busiest for burglars breaking into houses and apartments. According to the insurer, this trend has been ongoing, driven by a rise in holiday shopping. With Thanksgiving, Black Friday, and sometimes Cyber Monday falling on or before December 1, that day has…

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Solar panel insurance keeps your green energy investment covered

Solar Panel Insurance - solar panels on house roof

Many homeowners don’t realize that they need to add coverage to their eco-friendly additions. Across the country, homeowners and businesses alike are making efforts to shrink their carbon footprint but many forget to add solar panel insurance to cover their substantial investments. Getting coverage for your green energy additions is typically quite easy to do. The average rooftop solar panel system will usually cost somewhere between $15,000 and $25,000, according to data from the Center for Sustainable Energy. A good chunk of the cost has the potential to be offset by…

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