homeowners insurance
Is an HOA Responsible for Alligators?
It’s no secret that there are often grey areas when it comes to homeowners associations. Often it’s not completely certain who covers contents insurance, for example. Still, it’s not often that an HOA is accused of being responsible when someone is killed by a wild animal. Nevertheless, that’s what’s happening in Georgia. The heirs of […]
Read moreSuffolk County, NY Tops Hurricane Irene Loss List
The numbers are in, and the “winner” in the “who had more damage from Hurricane Irene” contest is Suffolk County, NY, at least if you’re measuring by the total amount of insured property loss. Overall, the three states that saw the most damage to insured property (topping $500 million) were New Jersey, New York, and […]
Read moreFarmers to Raise Homeowners Rates in Texas
The Dallas Morning News is reporting that Farmers Insurance is planning to raise the rates on homeowners insurance and Texas by almost ten percent in 2012. The rate increase will affect about half of the company’s policy holders in the Lone Star State. Specifically, about 350,000 homeowners who currently have either Texas Family or Next […]
Read moreMissouri Enacts 2 New Insurance Laws
Two new insurance laws went into effect last Friday in Missouri, both of which provide stronger protection for homeowners in the the Show-Me state. The first law, Senate Bill 101, bars exterior repair contractors, like roofing and siding companies, from offering to cover a prospective client’s insurance deductible in order to make a sale, and […]
Read moreState Farm Requesting Changes on Texas Homeowners Coverage
Stae Farm Insurance filed a notice requesting a rate hike averaging 10 percent across the state in Texas homeowners insurance rates, but company officials were quick to announce that with new and larger discounts, homeowners are likely to see effective increases of only 1.4 percent. Earlier this week, the Dallas Morning News also reported another […]
Read moreAlfa Raises Homeowners Insurance Rates in Alabama
Alabama homeowners, especially those with landlord and farm policies, will be seeing insurance rates that are about 20% higher if their coverage is through Alfa Mutual Group. According to the Alabama state actuary, Charles Angell, this increase is not designed to account for losses caused by a spate of tornadoes which struck the state last […]
Read moreIrene-induced Losses Shouldn’t Prompt Insurance Rate Hike
Reuters reported yesterday that while the official total for insured losses caused by Hurricane Irene are not yet official or complete the catastrophe modeling company AIR Worldwide is estimating $3 to $6 billion…and while those are big numbers, they’re actually lower than what was anticipated. Before Irene actually made landfall, many insurance industry analysts were […]
Read moreEqecat Says East Coast Quake Losses Under $100 Million
While the 5.9 magnitude earthquake that hit Virginia, earlier today, and shook up the entire east coast of the United States was a very loud reminder that people in California aren’t the only ones who need earthquake insurance, the catastrophe modeling company Eqecat says it actually caused less than $100 million in insured losses. According […]
Read moreTrumann, Arkansas Bans Bully Breeds
It’s long been that case that if you own certain kinds of dogs, you’ll be hard pressed to find homeowners insurance, but if you live in Trumann, Arkansas, you may find that your favorite pet has been banned from living in the city limits at all. Members of the City Council of Trumann recently approved […]
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