Tag: hurricane insurance

Homeowners insurance may not be providing the added coverage policyholders want

H. Cutner
homeowners insurance home warranty

As the summer fades away and winter looms ahead, people are buying added protection for possible emergencies. The coverage from homeowners insurance is vital in the case of a fire, a burst water pipe, or even when a tree falls over into the house, as it provides coverage for all or part of the repair costs, but many policyholders aren’t entirely certain as to what coverage they have. This is risky because not understanding coverage means that the protection may not be adequate. This can also mean that if an…

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Homeowners insurance will likely not be impacted by Isaac

Julie Campbell
Homeowners flood Insurance hurricane sandy damage

It isn’t likely that premiums will change due to the hurricane in Louisiana. According to Louisiana’s insurance commissioner, Jim Donelon, the odds that hurricane Isaac will have any impact on the premiums paid by residents of the state in order to cover their homes is very slim. Donelon stated that it is now estimated that insured damage from Isaac will total $500 million to $1.5 billion. Hurricane Katrina was by far the most costly in terms of homeowners insurance costs. It brought in a total of $25 billion in damages. Rita…

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Homeowners insurance through Citizens in Louisiana is hanging in there

Citizens Louisiana homeowners insurance

Isaac claims have left the last resort insurer in pretty good shape. Though Hurricane Isaac certainly left its mark and was considered to be a “fairly significant event” for the homeowners insurance of last resort, Louisiana Citizens Property Insurance Corp., the insurer was still able to cover the claims that came in and had the resources that it needed ready and waiting. This insurance news was released by Richard Robertson, the insurer’s chief executive. Citizens is the homeowners insurance company that sells its policies to people within the state who…

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Auto insurance confusion left behind by recent severe weather

Hurricane Isaac

Storms leave policyholders wondering about the extent of their coverage. The 2012 hurricane season is well underway, and now that a severe storm has left damage to many states, many are wondering about details such as the coverage of their auto insurance in these circumstances. The protection a consumer has for his or her vehicle depends on the perils covered by the policy. More broadly, though, there are some ways to look at a vehicle’s potential auto insurance coverage, based on the type that has been purchased. Auto insurance comes…

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Hurricane insurance predictions place losses from Isaac at up to $1.5 billion

Hurricane Isaac

The storm brought severe wind and rains to many parts of several states. When Isaac made landfall and then passed through New Orleans, it left a swath of onshore damages that current estimates are predicting to bring hurricane insurance losses of between $500 million and $1.5 billion. This disaster modeling firm prediction applies to the losses in Louisiana alone. Though Isaac wasn’t one of the most damaging that the state – or the country – has seen, it still managed to wreak havoc to homeowners and businesses alike. It caused…

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