Is Your Roof Covered By Your Home Insurance?

home insurance roof coverage

Your roof is one of the most important parts of your home. It protects you from the elements and keeps your home safe and dry. But what happens if your roof is damaged? Is it covered by your home insurance? The answer to this question depends on a number of factors, including the type of damage, the cause of the damage, and your insurance policy. However, in general, your roof is covered by your home insurance.   Home insurance policies typically cover damage to the structure of your home, including…

Read More

State Farm Boldly Upholds Commitment to Florida’s Home Insurance Landscape

Home insurance - Safe in Florida

Even as Farmers and AAA reduce their business in the state, the insurer says it’s not leaving. State Farm has announced that it has no plans to leave Florida’s home insurance market like other insurers have done, and even as that insurer did that exact thing this year in California. Florida’s market has been riding the line on the edge of a crisis, but State Farm isn’t leaving. According to State Farm, it continues to see an opportunity in Florida’s home insurance market, particularly due to recent reforms for the…

Read More

Farmers sets California home insurance limits, further restricting the state

Home insurance shopping online - Limits

This step was taken on the heels of State Farm’s and Allstate’s exit from selling there. Farmers Insurance has made a filing revealing that it is implementing restrictions on home insurance in California, further limiting the choices residents of the state have to protect their properties. Insurers have been blaming increasing wildfire risk and rising costs of repairs and replacements. Farmers is only the latest to change the way they do business in the Californian home insurance market. Allstate and State Farm both announced earlier this year that they will…

Read More

New Florida force-placed insurance regulations now in effect

Force-placed insurance - Regulations

As of last weekend insurers and mortgage lenders have new rules to which they must comply. Starting on July 1, Florida force-placed insurance regulations have been updated, requiring insurers and mortgage lenders to face certain tighter restrictions on the implementation of those policies. The change is the result of a new bill approved by Florida lawmakers earlier in 2023. House Bill 793 took effect at the start of this month, with the intention of banning what some have referred to as lender “double dipping.” That occurred when lenders put force-placed…

Read More

Allstate is no longer selling new California home insurance policies

California home insurance - homeowners insurance policy - X

Immediately after State Farm’s exit from selling in the market, its top competitor has done the same. Allstate has announced that it is no longer selling new California home insurance policies, removing it from the pool of available coverage for homeowners following State Farm’s exit from sales only days before. That said, despite the fact that the announcement was only just made, the insurer’s statement said it stopped accepting new policies as of last year. This means that two of the largest insurers in the country are no longer selling…

Read More