Live Insurance News

Renters and Homeowners insurance coverage helps evacuated residents

November 14, 2018November 12, 2018 Logan B.

Homeowners insurance coverage - Evacuation Route - Sign

Regardless of whether or not the California wildfires have caused damage, policies are still helpful. People affected by emergency evacuation orders may benefit from their homeowners insurance coverage regardless of whether their homes are damaged. Home and renters insurance policies cover more than just damage caused by wildfires in the area. “With sometimes only minutes to evacuate, residents often escape with only the clothes on their backs,” said California Insurance Commissioner Dave Jones. Hundreds of thousands of people in California have been affected by evacuation orders as a result of…

Homeowners insurance coverage may pay for Sand Fire evacuation expenses

July 29, 2016July 27, 2016 Logan B.

Many home and renters policyholders may be pleasantly surprised to discover they can be reimbursed the costs. The Sand Fire has destroyed eighteen homes, but for those who were evacuated, homeowners insurance coverage may still help. Many of the 20,000 evacuees don’t realize that their renters insurance and home policies cover those expenses. The fire burned its way into the Santa Clarita region and left massive physical and financial damage behind. Still, for those who were evacuated and faced the costs of having to live elsewhere, some relief may be…

Insurance policy may be required for this popular Christmas present

December 24, 2015December 21, 2015 Julie Campbell

liability Insurance industry policy for drones

Thousands of kids (of all ages) will be unwrapping drones but not all know if they should have coverage. Across the United States, thousands of drones have made their way under Christmas trees so that novice pilots will be able to fly them but what many people haven’t realized is that an insurance policy can be one of the best accessories that can come with these gifts. While many of these devices will be played with without problems, there are others that will be crashed. As these hobby drone devices…

Homeowners insurance rates in North Carolina are “very much a problem”

July 25, 2014July 28, 2014 Julie Campbell

North Carolina Homeowners Insurance Rates

The commissioner in the state has openly recognized that there is an issue which must be overcome. Though the majority of people would say that they’re already paying high premiums for their homeowners insurance coverage, those in North Carolina have more to complain about than most, as the majority of property owners have seen their bills suddenly spike by a third to nearly three quarters of what it previously had been. Many people have received letters saying that if they don’t agree to these increases, they will lose their coverage.…

Homeowners insurance won’t save you from a rockslide

February 25, 2014February 22, 2014 Julie Campbell

Natural disasters feel as though they are becoming more common but many policyholders don’t understand their coverage. As the weather heads toward another shift in the changing of the seasons, the potential for a new wave of severe storms is building, and homeowners insurance customers may not know exactly what type of coverage they have when Mother Nature decides to show the world what she’s really about. Rockslides, landslides, mudslides and sinkholes are all building up a new level of threat. While many property owners may feel that they have…

Homeowners insurance claims in Australia rising quickly from bushfires

October 24, 2013October 22, 2013 Julie Campbell

These wildfires have already brought about claims that have broken the $96 million mark, so far. According to the Insurance Council of Australia (ICA), there have already been more than 900 business, auto, property, and homeowners insurance claims with insurers in Australia, and that this has brought about a loss of over $96 million ($100 million Australian), so far. It is believed that there are more claims that will be filed with each passing day for the next while. A spokesperson for the ICA, Campbell Fuller, explained that assessors for…

Homeowners insurance group having trouble with depopulation

October 3, 2013October 1, 2013 Logan B.

Florida homeowners insurance, Citizens Property

Citizens Property Insurance is shedding homeowners insurance policies slowly Florida’s Citizens Property Insurance has been working to depopulate itself over the past year and a half. The state-run organization is typically the last and best place for people in Florida to find homeowners insurance coverage, but the organization itself has been crippled by financial problems for the past several years. Citizens Property Insurance exists as a major financial liability for the state, which is why the organization has been forced by lawmakers to shed policies. This endeavor, however, has been…