Tag: new york homeowners insurance

Homeowners insurance customers to receive assistance with Sandy claims

H. Cutner
Homeowners flood Insurance

Officials in New York have changed the regulations to help ease the process and help victims. Homeowners insurance companies that are providing coverage to residents of New York whose homes were damaged by Hurricane Sandy will now be facing some different rules to help speed up claims processing. The new rules have to do with the acceptable forms of loss documentation. For claims relating to damage caused by superstorm Sandy in New York, homeowners insurance companies are now required to accept the documentation of the losses provided by the policyholders,…

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New York braces for another powerful storm

S.Vagus
Hurricane Sandy Flood Insurance New York Storm

New York insurers will have to accept photo proof of storm damage New York is still reeling from the impact of Hurricane Sandy, which plowed through the state late October. Now, New York is facing another storm front threatening to worsen the problems it is already facing. Governor Andrew Cuomo claims that the oncoming storm is “serious” and that it could deal yet another painful blow to homeowners. Because the storm presents a threat, the Governor has taken action and has declared that insurance companies will accept photo proof of…

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Homeowners insurance storm loss protection strategies for N.Y. residents

H. Cutner
Homeowners Insurance

Governor Cuomo recommends that people take action to protect their properties. New York Governor Andrew Cuomo has been advising residents of the state to reduce their risk of having to make homeowners insurance claims by taking additional measures to protect their homes against severe weather. N.Y. is likely to be affected by 9 to 15 storms in one way or another this Atlantic hurricane season. The National Oceanic and Atmospheric Administration (NOAA) has made its announcements for the 2012 season and has indicated that anywhere from nine to fifteen storms…

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Advocacy group calls upon New York regulators to take action against force-placed insurance

S.Vagus
force placed insurance

New York regulators urged to be examples in the fight against controversial insurance practice The Consumer Federation of America (CFA), a consumer advocacy group, has called upon New York insurance regulators to tackle the issue of force place insurance for homeowners. The New York Financial Services Department has been holding public hearings concerning a number of issues of importance in the state. During one of these hearings, CFA Insurance Director J. Robert Hunter petitioned insurance regulators to take a stand against the controversial practice of force-placed insurance and become national…

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FEMA issues warning for New York and other states affected by Tropical Storm Lee to beware of insurance fraud

More than a month has passed since Tropical Storm Lee made landfall on the East Coast and FEMA is still fielding complaints regarding insurance. The September storm brought flooding in states along the Gulf Coast and continued North until it reached New York. To date, the damage caused by the storm is estimated to be more than $250 million. The storm caused damage to homes, much of which comes from flooding, putting the event on dodgy insurance territory. Most homeowners do not have flood insurance, especially those living in areas…

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