Live Insurance News

Homeowners insurance bill inspired by Superstorm Sandy becomes law

May 8, 2013May 7, 2013 Julie Campbell

The regulation has now been put into place in New Jersey to make sure residents understand their coverage. A new law in New Jersey is now requiring homeowners insurance companies to provide their policyholders with a one-page description of what is and is not covered by their policies. This was a direct response to the massive confusion among policyholders in the aftermath of Sandy. The measure has now been signed by New Jersey Governor, Chris Christie. This was announced by the Assembly Democrats in a news release The goal of…

Insurance industry urging American residents to buy flood coverage

May 6, 2013May 4, 2013 H. Cutner

The I.I.I. has officially released a statement to remind home and business owners of hurricane season. With less than a month before the start of the Atlantic hurricane season, officials from an insurance industry group are reminding homeowners, business owners, and renters in at risk areas that they should be considering flood policies. The reminder includes the fact that standard home and business policies do not include flooding. The Insurance Information Institute (I.I.I.) has reinforced its insurance industry statement by pointing out that predictions are that the hurricane season could…

Homeowners insurance program created for Alabama coastal residents

May 1, 2013April 30, 2013 Marc

New coverage now available for homes in these regions requiring wind and flood protection. Residents of the coastline in Alabama have been struggling for many years to be able to find high quality comprehensive homeowners insurance that also provides them with protection against wind and flooding. A new program has now been introduced, uniquely within this industry, in order to assist these residents. Homeowners insurance customers in Mobile and Baldwin counties, for example, have struggled to obtain this coverage at an affordable price due to the increased risk that is…

Homeowners insurance heads skywards for the Jersey Shore due to Sandy

April 30, 2013May 1, 2013 H. Cutner

homeowners insurance policy multiple claims

Half of a year has passed since the Superstorm struck and now rates are being impacted. As homeowners insurance policyholders on the Jersey Shore start to receive their renewal notices on their policies – six months after the storm destroyed the region – many consumers are noticing that their premiums have skyrocketed when compared to what they were paying before the storm struck. Residents of the Jersey Shore are still trying to rebuild from the damages left behind by the storm. After facing considerable out of pocket costs from the…

Flood insurance policies recommended to Florida residents before hurricanes begin

April 26, 2013April 24, 2013 H. Cutner

Homeowners are urged to purchase their protection ahead of potential flooding problems. Kevin McCarty, the commissioner for Florida, has released an official announcement that is urging homeowners in the state prepare for the upcoming hurricane season through the purchase of flood insurance before the storms start to arrive. The last few years have shown the weather to be fierce and unpredictable, so it is best to be prepared. Flood insurance coverage is available to business owners, homeowners, and renters through the National Flood Insurance Program (NFIP) to communities that are…