homeowners insurance
Earthquake Rattles Oklahoma
You probably wouldn’t think to buy earthquake insurance if you lived in Oklahoma, but perhaps wherever you are, you should think again. According to local NPR station KGOU a quake at 9:06 CDT on Wednesday morning was one of the strongest earthquakes ever recorded in Oklahoma, left two people with injuries (minor ones), and was […]
Read moreSchwarzenegger Signs New Insurance Disclosure Bill into Law
Last Friday in California, Governor Arnold Schwarzenegger signed AB2022, which establishes new guidelines for homeowners insurance disclosures, into law. It will go into effect on July 1st of next year. Specifically, the new law changes the mandatory language of the California Residential Property Insurance Disclosure, in order to make the description of types of homeowners […]
Read moreOne-year Extension to Flood Insurance Program
It’s hard to believe it’s been over a month since we reported that the National Flood Insurance Program was on hold, but today’s report on the program is even better than yet another 30- or 60-day extension. Instead, we’re delighted to report that last night, in a unanimous vote, the United State Senate passed a […]
Read moreHigh Homeowners Rates and Ongoing Problem in Texas
The high cost of homeowners insurance in Texas has become a topic of debate between Democratic challenger Bill White, a former mayor of Houston, and incumbent Republican Governor Rick Perry. According to the White campaign, the average homeowner in Texas pays approximately $626 more for household coverage than his counterparts in other states. The National […]
Read moreTexas Wind Insurance Assoc. Asks for 5% Increase
Some homeowners insurance in Texas is about to get a little bit more expensive, as the Texas Windstorm Insurance Association (TWIA) has filed for five percent increases in both commercial and residential rates, to go into effect on the first of next year. TWIA is the state’s “last resort” insurance company, providing wind and hail […]
Read moreDog Bite Claims Escalate Over 2008
According to data compiled by the Insurance Information Institute, dog bites accounted for more than a third of all liability claims by homeowners in 2009 and incidents were up 6.4% over 2008 for a whopping total of $412 million. The average cost of a dog bite claim ran $24,840 in 2009 over the $24,461 paid […]
Read moreBetter Tools, Better Risk Assessment
People living in Miami probably won’t be too surprised at the findings of a crew of Florida State University researchers. The city is vulnerable to strong hurricane winds. Yeah, not a news flash. Maybe the fact that Miami is Florida’s most vulnerable city jazzes the story up a bit. The real point, however, is that […]
Read moreQuestionable Insurance Claims on the Rise
The Insurance Journal is reporting today that suspicious property and casualty insurance claims rose again in the first half of 2010, as compared to the first half of 2009. The Journal cited a recent QU (questionable claims) report released by the National Insurance Crime Bureau, which examined six categories of referral reasons for claims: property, […]
Read moreFriday Filmstrips: How to Buy Homeowners Insurance
We can all use a refresher on how to save money when buying homeowners insurance. The editors from Kiplinger and the nice people at YouTube have enabled us to share the following video, that offers some key tips.
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