Tag: new jersey homeowners insurance

Hurricane Sandy spawns class-action lawsuit against insurers

Nordstrom
New Jersey homeowners insurance law

New Jersey victims file suit against insurers in wake of Hurricane Sandy Hurricane Sandy continues to cause problems along the East Coast. Though the storm is long over, its effects can still be felt in numerous states. Insurers may soon feel another financial impact as a result of the storm, but it will be coming from consumers instead of the storm itself. Hurricane Sandy victims from New Jersey have filed a class-action lawsuit against nine insurance companies. The suit claims that these insurers denied claims through the misinterpretation of something…

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Governor Christie prohibits hurricane deductibles

Marc
Governor Chris Christie Flood Insurance

New Jersey homeowners protected from hurricane deductibles by executive action New Jersey Governor Chris Christie has signed Executive Order 107, which will prohibit insurance companies in the state from imposing hurricane deductibles to homes that were damaged by Hurricane Sandy. The now notorious “superstorm” wrought havoc through much of the northeastern U.S. in late October. The storm hit New Jersey particularly hard as it made landfall, causing catastrophic damage to homes and state property. In a move to help save homeowners from the costly implications of hurricane deductibles, Governor Christie…

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New Jersey residents pick up more flood insurance in wake of powerful storms

S.Vagus
Flood Insurance

Flood insurance gets a boost after Irene With Hurricane Isaac on a rampage, attention is being drawn to flood insurance. In the past two years, damage caused by powerful storms has been punctuated by the sheer lack of flood insurance coverage. For the uninsured, the damage caused by flood presents a financial burden that consumers will have to bear alone. Those that have suffered loss as a result of flooding seem to be taking the matter seriously and are finally heeding the call to obtain comprehensive flood insurance coverage, according…

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Allstate New Jersey Insurance Company give homeowners advice for post-Irene home repair

Nordstrom

Following the flood, winds, and related damage from Hurricane Irene, Allstate New Jersey Insurance Company has made their suggestions regarding the best ways to ensure that homeowners are protecting themselves against scams from unscrupulous contractors. The suggestions made by the insurer include the following: • Don’t rush when making the choice for the right contractor – take your time and do your homework. • Obtain estimates from a number of contractors who are licensed and bonded. • Verify the contractors claims regarding their credentials through the use of the Better…

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