Tag: rising water insurance

Flood insurance continues to baffle a fifth of all homeowners

Julie Campbell
Flood Insurance

A recent survey has shown that many property owners are not aware of what coverage they do or do not have. According to the results of a recent survey of homeowners, one fifth of the participants did not clearly understand what flood insurance coverage they had, and whether or not they needed to purchase an additional policy. The survey showed that nearly twenty percent of homeowners are unaware that they are uninsured. The study was conducted by Princeton Survey Research Associates International, in combination with Bankrate.com. What it determined was…

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Homeowners insurance concerns begin with late winter water issues

G. Turner
winter water homeowners insurance industry

As the season comes to a close, issues with water are starting to fall into the spotlight of the industry. Consumers are being advised to start looking at their home insurance coverage so that they know exactly what protection is available to them as the threat of water damage increases from a number of different sources as the late winter begins its onslaught. The late months of the season frequently bring a high risk of water damage along with them. While some of these water related perils are often covered…

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