The Insurance Information Institute (III) recently issued a press release that looks at both the number of lightning related claims as well as the cost of those claims. They found that for the second consecutive year, the number of lightning related claims decreased but the average cost per claim actually increased. When the I.I.I ran […]
As protests have turned into riots, vehicles, homes and businesses have been damaged or looted. If your home, car or business has been damaged due to violence by looters, protesters or even the police, you may be wondering if the damage is covered by your insurance. Luckily, in most cases, damage caused by rioting is […]
As more businesses shut their doors forever due to fallout from coronavirus, you may be concerned that your insurer could eventually go bankrupt. Luckily, insurance companies are regulated at the state level and all 50 states have systems in place to help protect policyholders if their insurer ends up going out of business. Let’s have […]
A California wildfire seen from the hills of Hollywood, this fire ignited on November 8, 2018 and burned 96,949 acres of land. The fire destroyed 1,643 structures. The number of homeowners who have lost their California homeowners insurance due to wildfire threats keeps growing as insurers pull out of fire prone areas. Those homeowners will […]
California has seen a number of earthquakes recently and while none of them have done significant damage, many experts predict the “big one” may be on its way. We thought it might be a good idea to do a general review on earthquake insurance and why it is a great coverage to carry if you […]
A recent study by Clearsurance took a look at how happy homeowners are with their insurer and found that the residents of West Virginia were happiest when it came to their homeowners insurance while the people of Florida were the least happy. The scores were based on user reviews and ratings of their overall experience […]
In 1886, a 7.3 magnitude earthquake hit Charleston, South Carolina causing massive damage to roads, buildings and homes. The earthquake killed 60 people and left the local water supply damaged, the shaking could be felt all up and down the eastern seaboard. Experts at the U.S. Geological Survey believe a similar event will occur soon. […]
Hurricane Harvey has done a massive amount of damage, in fact it is too early to even get a sense of the total costs of this hurricane. Adding insult to injury is the fact that Hurricane Irma is now bearing down on the Florida Keys and parts of mainland Florida. If your home is located […]
A sinkhole in Pasco County, Florida grew to 225 feet wide and over 50 feet deep, swallowing two homes and a boat last week. A third home was considered to be in danger of also being sucked into the sinkhole. Sinkholes can do an extreme amount of damage in a very short amount of time […]
Nobody wants to make a claim on their homeowner insurance, but eventually the day will come that you have to give your insurer a call and file a claim. Having an understanding of the process will make it easier to get your claimed filed, processed and paid in a timely manner. Depending on what type […]