Tag: Renters Insurance

Open source insurance policy becomes Lemonade’s new way to stand out

Julie Campbell
Open source insurance - Lemonade - Lemons

This unique new form of coverage allows anyone to be able to edit the wording and design. AI-powered insurer, Lemonade, has launched a new open source insurance policy. This represents a first in the world. Lemonade is known for its innovative strategies and is often associated with world’s firsts. The policy is meant to be open to the “wisdom of the crowd” in its writing and creation. The insurance company has launched what it calls Policy 2.0, according to a Lemonade press release. The idea behind this new open source…

Read More

Do you have Christmas present insurance in case the Grinch hits up your tree?

Julie Campbell
Grinch christmas present insurance

Insurance companies remind consumers that this is one of the biggest times of the year for home break-ins. Leading insurers across the United States, Canada, the United Kingdom, Australia and other countries around the world are issuing reminders to look into Christmas present insurance. Burglaries spike in November and December in countries where Christmas is celebrated by the majority. In fact, some estimates suggest that there is a 43 percent spike in break-ins during November and December as thieves try to get their hands on expensive gifts. This helps to…

Read More

California wildfire victims worried that they can’t afford to go home

Logan B.
california wildfire victims angry frustrated

As the holidays approach, evacuees whose homes were burned are left with little more than uncertainty. Santa Rosa, California wildfire victims are facing a very uncertain future in the aftermath of the blaze. Evacuees whose homes are gone may not be able to afford to return to the same place they used to live. Rents have skyrocketed, with reports of apartments as expensive as $13,000 per month in Santa Rosa. Now, renters and homeowners alike are finding themselves to be common California wildfire victims who don’t know where they will…

Read More

College dorm insurance season has arrived

H. Cutner
college dorm insurance students

Parents and students alike are considering whether they need this additional coverage. College students are preparing to move out of their parents’ homes and dorm insurance is among the considerations many must face. Parents and students alike are looking into the potential risks that could cause a student’s electronics and other possessions to be damaged or stolen. These student residence policies typically cover laptops, mobile devices and other tech as well as other possessions. Many students enjoy the peace of mind offered by dorm insurance because it goes beyond covering…

Read More

State Farm homeowners insurance customers may soon receive a refund

H. Cutner
State Farm homeowners insurance

The same may be said for many renters insurance policyholders in California. State Farm homeowners insurance and renters insurance customers in California may soon be receiving refund payments. The insurer is sending the checks to customers as a result of a decision made by the state Department of Insurance. The California Department of Insurance told State Farm it needed to repay policyholders due to excessive rates. The department deemed the rates charged to State Farm homeowners insurance and renters insurance customers to be excessive. As a result, about 250,000 policyholders…

Read More