Tag: homeowners insurance policy

Colorado homeowners scramble to find affordable wildfire insurance

Nordstrom
Wildfire insurance - Homeowners Coverage

State lawmakers are pursuing a government-run plan for property owners to use as a last resort. Residents of Colorado are well aware of the importance of wildfire insurance, following several years of major blazes. That said, they are struggling to find the coverage they need, particularly at an affordable price. State Representative Judy Amabile (D) has seen her own neighbors and constituents struggling. “I am starting to hear some of my neighbors are not getting renewed and I would have never dreamed I was at risk of a wildfire,” said…

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Louisiana consumers who filed home insurance claims have differing satisfaction levels

Live Insurance News
Home insurance claims - Claim Form

While some residents who filed with insurers in the last two years are satisfied, many are not. New research shows that Louisiana residents who filed home insurance claims within the last two years are split regarding their satisfaction with their experience. The research showed that there is a nearly even split between those who were satisfied and those who weren’t. The research was conducted by the Public Policy Research Lab at the LSU Manship School of Mass Communication’s Reilly Center for Media & Public Affairs. What they found was that…

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FEMA recommends flood insurance coverage even outside flooding zones

Logan B.
Flood insurance - flooded neighborhood

The Federal Emergency Management Agency says that if it rains, there is also a risk of flooding. The Federal Emergency Management Agency (FEMA) is recommending that home and business owners purchase flood insurance regardless of whether they live in a high-risk zone. FEMA said flooding is the most common and expensive natural disaster in the United States. According to FEMA, flood insurance is not covered under most standard home and business policies. That said, flooding poses the risk of destroying structures and possessions of a home or business in a…

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Californians wonder if fire hardening will make it easier to get homeowners’ insurance

H. Cutner
Fire hardening - Wildfires

Creating a program to incentivize homeowners to mitigate the risk of wildfires has potential. Californians across the state are trying to do what they can to spare their homes from wildfire risk, and some are looking to fire hardening in the hopes of becoming more acceptable to homeowners’ insurance companies. Insurers are becoming increasingly risk averse in the state when it comes to protecting from wildfire. Californian homeowners have been watching their premiums spiking and many are at a risk of having their coverage cancelled altogether. The wildfires in the…

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

Julie Campbell
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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