Tag: homeowners insurance coverage

Homeowners insurance choices faced by many Florida policyholders

Julie Campbell
Florida homeowners insurance, Citizens Property

Considerable decisions are ahead in the state as Citizens divests itself of a massive number of policies. Within the next month, there will be almost 400,000 people in Florida who currently have homeowners insurance coverage through Citizens Property Insurance Corp., and who will be receiving notice in the mail from another insurer to advise the policyholders that their coverage will be transferred over to that new company by November 5, 2013. At that point, the policyholders will need to make one of two choices that will be available to them.…

Read More

Homeowners insurance becomes higher priority amidst hail damage

H. Cutner
homeowners insurance hail storm repairs

Following many hailstorms throughout August, property owners in the Twin Cities are scrambling for coverage. Nothing makes the importance of coverage more obvious than a situation that causes us to actually need to make a claim, and as property owners in the Twin Cities clean up after multiple hailstorms, the need for proper homeowners insurance has been making headlines. The number of claims that are being made against these policies are very high at the moment. As a result of the home insurance claims, home builders are working as hard…

Read More

Homeowners insurance reminder issued by State Farm about multiple claims

H. Cutner
homeowners insurance policy multiple claims

The insurer released this statement because many policyholders feel it should work like a bank account. State Farm has issued a reminder to homeowners insurance policyholders to help them to keep in mind that a policy is not the same as a bank account, so the premiums being paid are not an amount that is being amassed so that it will be guaranteed to be available later on. The statement was made in response to many policyholders’ shock when it didn’t function as a savings account. This has become quite…

Read More

Homeowners insurance group seeks financial protection against hurricane season

S.Vagus
Citizens Insurance Louisiana homeowners insurance property

Homeowners insurance group responds to threats of hurricane season With the peak of the 2013 hurricane season fast approaching in the U.S., Louisiana’s Citizens Property Insurance is looking to protect itself from the financial impact of possible storms. The state-run organization accounts for the majority of the homeowners insurance policies currently in effect throughout the state and primarily provides coverage to properties in coastal areas. Louisiana, like Florida, often falls victim to tropical storms and hurricanes during the hurricane season, but unlike Florida, the state has not managed to avoid…

Read More

Homeowners insurance rates grow nationwide

Logan B.
homeowners insurance rates grow

Homeowners insurance rates are increasing throughout the US Homeowners insurance has become a tricky subject in the U.S. Costs for this type of coverage are typically high in regions that are prone to natural disasters, such as those along the coastline of the Gulf of Mexico. States like Florida and Louisiana typically see high home insurance rates due to the fact that they have been victims of major hurricanes in the past. Homeowners insurance rates are growing, however, and this is not being restricted to just a few states. Rates…

Read More

New Florida law aims to address homeowners insurance concerns

Logan B.
Florida Homeowners Insurance

Florida’s homeowners insurance market continues to pose significant risks Citizens Property Insurance has been Florida’s last resort for homeowners insurance for several years. Property owners throughout the state rely heavily on the state-run insurance organization in order to receive the coverage they need. The homeowners insurance market in the state has been somewhat turbulent for years due to the disaster prone nature of Florida. Because Citizens Property Insurance accounts for the majority of homeowners insurance policies in the state, it is also liable for the majority of the financial burden…

Read More

Hurricane season draws more attention to homeowners insurance

Logan B.
Homeowners flood Insurance

Homeowners insurance becomes top priority as hurricane season approaches Hurricane season in the U.S. is fast approaching, which means that many states along the Atlantic Ocean and the Gulf Coast are beginning to take steps to raise awareness of prominent homeowners insurance issues. In the past, powerful hurricanes have caused significant damage in several states. The most recent example of how much damage can be caused by one of these natural disasters can be seen in 2012’s Hurricane Sandy. The homeowners insurance sector continues to reel from the disaster even…

Read More