Several homeowners in Massachusetts are still dealing with unpaid homeowners insurance claims from last winter’s storms. The state’s Attorney General’s office had received nearly 100 complaints about home insurance companies in the past year. Dozens of these complaints involve unpaid homeowners insurance claims from winter storm damage. Some complaints include allegations that insurers have underpaid […]
A recent homeowners insurance lawsuit showed how insurers use the terms of their policies to deny claims for structural damage. Last month, the California Court of Appeals for the Second District ruled in a homeowners insurance lawsuit that a property owner could not file a claim on a house that had structural damage to its […]
Insurance giant Allstate recently filed a patent for a plan to calculate auto insurance rates based on a driver’s habits, rather than their driving records. The patent would allow the insurance carrier to use “telematics” data to determine auto insurance rates. The data would come from equipment installed in the vehicles, as well as from […]
Many policy holders believe that their “comprehensive” homeowners insurance coverage provides protection for every possible disaster. While the standard homeowners insurance coverage does protect against problems such as fire, storm damage, and theft, even the best policies do not cover every foreseeable issue a homeowner could encounter. Natural disasters, exterior structures, and even insect attacks […]
A report from the Insurance Information Institute showed that only 14 percent of American homeowners also have flood insurance policies. The low number may be attributed to the misconception that flood insurance is included in the standard homeowners insurance policies. This misunderstanding can lead to devastating consequences when floods occur. Homeowners in South Carolina, a […]
An insurer canceled the policy of an elderly widow after it denied her fire insurance claim. Josephine DiCioccio had been living in her house for over 40 years until an electrical fire in February. Mrs. DiCioccio filed a fire insurance claim with her insurer in the hopes of recovering enough to repair the damage to […]
The council for a Louisiana parish recently passed a resolution asking its local legislators to seek relief for residents’ high homeowners insurance rates. The Terrebonne Parish Council authorized a resolution calling for the its state representatives and other officials to support decreases in homeowners insurance rates in coastal areas. Parish leaders are hoping to restrict […]
A rash of wildfires has forced some major carriers to stop providing homeowners insurance coverage to some California residents. Since 2005, several wildfires across the state have contributed to billions of dollars in homeowners insurance coverage claims by California property owners. The high number of claims, as well as the high dollar amounts in these […]
A rise in homeowners insurance rates due to winter storms has caused a rash of complaints among policy holders in Massachusetts. A recent Boston Globe report showed that homeowners insurance rates across the state have risen by nearly ten percent. The rise in insurance premiums has prompted both consumer groups and the state attorney general’s […]
The senior insurance authority for the state of Pennsylvania warned property owners that their homeowners insurance policies could be canceled. Pennsylvania Insurance Commissioner Teresa Miller advised homeowners that they should comply with requests by insurance companies regarding property hazards. The advisory requests that property owners remove or repair hazards that could lead to potential cancellation […]