Tag: insurance coverage

The Alarming Rise of Hyundai and Kia Theft Rates in the United States

G. Turner
Rise of Hyundai and Kia Theft Rates

In 2023, Hyundai and Kia vehicles have become disproportionately popular targets for car thieves. During the first half of the year, these vehicles were stolen at a concerning rate of 11.2 per 1,000 insured vehicles, significantly surpassing the 1.6 per 1,000 theft rates for other brands. The Hyundai Elantra, Hyundai Sonata, and Kia Optima emerged as the top three most stolen vehicles, underscoring a troubling trend for the owners of these models. Why Are Hyundai and Kia Cars Targets? The surge in theft can be attributed to certain vulnerabilities in…

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From Whiskers to Warthogs: The Wild World of Unusual Pet Insurance Claims

Marc
Unusual Pet Insurance Claims

Pet insurance might sound like a serious business, but when you delve into the world of claims, it’s anything but dull. From mischievous mutts to curious kittens, our furry friends seem to have an uncanny knack for getting into the most bizarre predicaments. Let’s explore some of the most unusual pet insurance claims that have left both pet owners and insurers scratching their heads. The Case of the Golden Retriever and the Golden Ring Meet Max, a lovable golden retriever who quite literally has a taste for the finer things…

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Allstate’s National General Accused of Forcing Unnecessary Insurance on 2 Million Cars

Logan B.
auto insurance lawsuit

The U.S. Department of Justice (DOJ) has filed a civil lawsuit against Allstate-owned National General, accusing the auto insurance brand of defrauding customers by force-placing unnecessary Collateral Protection Insurance (CPI) on vehicles financed by Wells Fargo. This lawsuit, filed in the U.S. District Court for the Western District of Pennsylvania, addresses fraudulent activities that allegedly occurred between October 2005 and September 2016. Allstate’s National General and The Forced Placed Insurance Allegations The DOJ claims that National General, which was acquired by Allstate in early 2021, imposed CPI on borrowers who…

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Homeowners Insurance Reimagined: The High-Tech Tools That Could Cancel Your Coverage

Marc
homeowners insurance and drones insurance tools

In-Depth Look at New Trends in Homeowners Insurance In today’s world, protecting your home means more than just locking your doors and installing a security system. Homeowners need to be vigilant about potential hazards not just on their property, but also how those hazards are perceived from above. Increasingly, insurance companies are using satellite imagery and drones to assess properties, identifying risks that might previously have gone unnoticed. Trampolines, debris on roofs, and even decorative ivy can now lead to coverage cancellation, often without warning. Nationwide Phenomenon It’s not just…

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Florida’s home insurance market could suffer deeply if this happens in 2024

G. Turner
Hurricane season Ahead 2024 - Florida

If the hurricane season this year is an active one for the state, policyholders will pay the price Florida’s home insurance market has already been in crisis mode for the last few years, worsening with each passing hurricane season.  If this year is another active one, it could be “detrimental” to the market in the state. Unfortunately, predictions aren’t good Though predictions are far from fact, the current predictive models are indicating that there will be a number of storms during this hurricane season.  This is leading to rising concerns…

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