Category: Homeowner Insurance
Catastrophes The Driver Of Higher Homeowners Insurance Rates
Posted: May 23, 2013
NATURAL CATASTROPHES: U.S. If loss trends are similar to the last 20 years expect volatility in homeowners and all property insurance lines rates. Insured natural catastrophe losses in the U.S. totaled $58 billion in 2012 – far above the 2000 to 2011 average loss of $27 billion (in 2012 dollars) according to Munich Re. Hurricane Sandy, which made landfall in New Jersey, became the worst storm...
Extra Fee For Minnesota Auto & Home Insurance Policyholders
Posted: April 5, 2013
MINNEAPOLIS (WCCO) – Take a close look at your homeowner and auto insurance policies — the cost may be going up. Minnesota lawmakers are considering a bill to add a $5 surcharge on every policy in the state. It’s a way to help restore pensions for firefighters and police officers, but adding $5 to every one of those insurance policies is turning out to be...
Don’t Get Into a Storage War; Make Sure Your Storage Unit Is Properly Insured
Posted: March 1, 2013
Homeowners Insurance May Provide Off-premises Protection, But Policy Limits Differ Whether you are downsizing to a smaller home, safeguarding heirlooms after a death in the family or just cannot let go of those old mementos, storage units can provide a useful solution for dealing with extra belongings. While storage units may be the answer to de-cluttering your home, adequate insurance coverage is the answer to...
WHAT COVERAGE IS INCLUDED IN A STANDARD HOMEOWNERS INSURANCE POLICY
Posted: September 27, 2012
A standard homeowners insurance policy includes four essential types of coverage. They include: Coverage for the structure of your home. Coverage for your personal belongings. Liability protection. Additional living expenses in the event you are temporarily unable to live in your home because of a fire or other insured disaster. 1. The structure of your house This part of your policy pays to repair or...
Prevent Dog Bites—And a Lawsuit; Average Cost of Dog Bite Claims Is On the Rise
Posted: June 22, 2012
Prevent Dog Bites—And a Lawsuit; Average Cost of Dog Bite Claims Is On the Rise Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2011, costing nearly $479 million, according to the Insurance Information Institute (I.I.I.). An analysis of homeowners insurance data by the I.I.I. found that the average cost paid out for dog bite claims was...
