Tag: new jersey homeowners insurance

New Jersey homeowners insurance legislation results from report outcomes

Julie Campbell
Homeowners insurance New Jersey

A lawmaker in the state has now introduced a bill to stop premiums from skyrocketing after one claim. A recent homeowners insurance study brought to light a certain issue with regards to the significant raising of premiums for New Jersey customers after they had made one claim on their policies. The report showed that this issue was present across the country, but New Jersey took this to heart. The results were reflected in an insuranceQuotes.com data analysis that determined that after one homeowners insurance claim had been made in 2014,…

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Flood insurance woes continues to plague New Jersey

Logan B.
flood insurance

New Jersey homeowners continue to fight for recovery two years after Hurricane Sandy Nearly two years after Hurricane Sandy struck the eastern U.S., the storm is still causing problems for homeowners. The hurricane first formed on October 22 and made landfall in the U.S. shortly thereafter. The storm caused an estimated $68 billion in damage, and many homeowners are still recovering from the disaster and ongoing struggles with flood insurance are compounding the issue. A joint insurance fund, which is paid for by 400 small towns throughout New Jersey, has…

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New Jersey residents continue to struggle with flood insurance

S.Vagus
Flood Insurance Hurricane Sandy Jersey Shore

Close to 1000 homeowners file lawsuits against insurance providers Nearly 1,000 New Jersey residents that fell victim to 2012’s Hurricane Sandy have filed lawsuits against their flood insurance providers. In the U.S., flood protection is handled through the National Flood Insurance Program. The federal program exists as the only place for homeowners to find flood protection in the country, but the program itself is not responsible for the creation of the policies that it offers. Private insurers may not be offering flood protection outside of the federal program, but they…

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Homeowners insurance shocking coastal residents

Julie Campbell
Homeowners insurance New Jersey

Over one in three flood policyholders in New Jersey will be impacted by changes taking effect tomorrow. A huge number of residents of New Jersey, including homeowners insurance customers who are still recovering from the damage left behind from Hurricane Sandy, are going to be impacted by the massive changes to the federal flood coverage program that will be going into effect tomorrow. It is predicted that one in every three flood policyholders in New Jersey will feel these changes. Although the primary home insurance policies, themselves, won’t be directly…

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Many homeowners insurance claims in New Jersey go unpaid

Logan B.
Homeowners flood Insurance hurricane sandy damage

  Homeowners insurance claims from Hurricane Sandy remain unpaid Over the past several months, new concerning Hurricane Sandy has been somewhat steady. The powerful storm struck the Eastern U.S. back in October 2012, but its effects are still being felt presently. The storm struck New Jersey particularly hard and has caused several problems in the realm of homeowners insurance, especially as many consumers expressed confusion over the coverage they had for their properties. Report sheds light on troubled financial landscape in wake of powerful storm The report comes from the…

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