Live Insurance News

Will Homeowner’s Insurance Cover Hail Damage?

July 8, 2020 Guest Author

Since you’re living in “hail alley” in Denver, damage to your property due to this meteorological phenomenon kind of just comes with the territory. That being said, it doesn’t make the damage any less frustrating when you have to deal with it. Repairing places around your home, like your roof, can be a financial burden if you’re not appropriately prepared to handle the responsibility. There is a real need for hail preparedness, considering that parts of Colorado receive the “highest frequency of large hail in North America and most of the world.”…

Kansas insurance company claim paid out after child knocks over $132,000 statue

July 12, 2018July 11, 2018 H. Cutner

Kansas City Insurance - YouTube Screencap of kids before knocking over statue

The child’s parents were required to pay for the broken artwork, but their insurer paid most. The Kansas insurance company has covered the parents of a boy who knocked over a statue worth $132,000. The video of the boy toppling the artwork went viral shortly after the incident happened. The video was used as evidence against the boy and the parents were required to cover the cost of the broken artwork. That said, their Kansas insurance company came through with a payment of $107,000 for the damage caused by the…

Evacuation cost claims expected from homeowners insurance companies

October 13, 2017October 12, 2017 Julie Campbell

Wildfire victims are being reminded that even if their homes aren’t damaged, they may still have coverage. The thousands of California wildfire victims who have been evacuated from Sonoma, Butte and Napa, may be able to make an evacuation cost claim with their insurers. Those carrying homeowners or renters insurance policies may be able to make claims to help with the expenses. Even in cases when properties haven’t been damaged, many renters and homeowners insurance policies cover some or all of the evacuation cost they face when ordered to leave…

Tracy Morgan insurance dispute with Walmart won’t see him deposed

June 7, 2017June 5, 2017 Julie Campbell

tracy morgan, tracy morgan accident, walmart insurance, Ohio Casualty, walmart insurance company, insurance lawsuit

The celebrity of Saturday Night Live and 30 Rock fame refused to testify under oath in this case. The current Tracy Morgan insurance case against Walmart has changed its tone as the celebrity refused to testify in a deposition. Walmart’s insurance company, Ohio Casualty, demanded that Morgan participate in a 7-hour deposition. The purpose of the deposition, said the insurance company, is to show that Morgan has exaggerated his injuries in order to obtain the claimed payout. The payout is reported to be around $90 million. That said, Benedict Morelli,…

Sinkhole insurance likely lacking for damaged Fraser homes

January 4, 2017January 2, 2017 H. Cutner

Homeowners are likely to receive unwanted news from the bad gift they received on Christmas Eve. Homes damaged on Christmas Eve in suburban Detroit are unlikely to be covered by sinkhole insurance. Experts are saying that while homeowners should still file claims with their insurers, much or all of the damage from the Fraser sinkhole is unlikely to be covered. Standard insurance policies contain exclusions when it comes to perils such as sinkholes. Sinkhole insurance is frequently quite uncommon due to the careful wording of homeowners insurance policies. They contain…