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Homeowners insurance concerns begin with late winter water issues

March 30, 2013January 12, 2014 G. Turner

winter water homeowners insurance industry

As the season comes to a close, issues with water are starting to fall into the spotlight of the industry. Consumers are being advised to start looking at their home insurance coverage so that they know exactly what protection is available to them as the threat of water damage increases from a number of different sources as the late winter begins its onslaught. The late months of the season frequently bring a high risk of water damage along with them. While some of these water related perils are often covered…

Homeowners insurance usually protects against meteorites

February 18, 2013February 16, 2013 Julie Campbell

In the unlikely event that a meteor blast damages your home, most policies will cover it. A few days ago, most people would have chuckled at an inquiry about homeowners insurance coverage against a meteor blast or a meteorite strike, but after the explosion above Chelyabinsk, Russia, it is suddenly a topic that has piqued curiosity on a much more sober level. Indeed, such an event is still exceptionally unlikely, but it is still good to know whether or not protection is there. Residents in that part of Siberia are…

Homeowners insurance may become more expensive in Florida

February 13, 2013February 12, 2013 Nordstrom

Homeowners insurance in Florida facing major changes due to new legislation Florida’s Citizens Property Insurance, a state-run organization that offers homeowners insurance coverage throughout the state, has been laboring under the weight of significant financial problems for the past few years. Last year, the state-run company was tasked by Florida lawmakers to make drastic changes to its business structure in order to overcome its financial challenges. The number of policies represented by the insurer and the premiums associated with these policies have been the major focus on this restructuring. A…

Homeowners Insurance: Deductibles Debunked

January 21, 2013April 13, 2014 Guest Author

When it comes to purchasing homeowners insurance, choosing the right deductible for your home may be a tricky decision. There are many different types of deductibles and it is easy to get confused by the amount of options available to you. If you are stressing out over picking the right deductible for you, then this article will explain the different terms you may come across when making this vital decision. Percentage Deductible Quite often, a property’s deductible is calculated not by its dollar value, but by a percentage value. The…

Insurance news scandal and media fire response from Citizens

November 29, 2012November 29, 2012 Julie Campbell

Florida Insurance News - Citizens insurance

The Florida homeowners insurer of last resort says that the dramatic reports are misleading. The homeowners insurer of last resort in Florida is now responding to the latest insurance news that includes heavy media fire regarding the scandal that surrounds the closure of the company’s watchdog department. Citizens says that much of the media coverage is highly misleading and is quite inaccurate. The CEO of the state backed insurer gave his own insurance news statement. Barry Gilway did agree that there have been a small group of supervisors within the…