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The Most Interesting “States” of Home Insurance

Anyone who relocates across state lines understands that costs for the same product often vary greatly. One example of this variance is homeowners insurance. The cost of a homeowners insurance policy covering a similar value property may be significantly different based on the state where the property resides. In addition to the cost, the coverage offered under a homeowners insurance policy is not the same across state lines. Certain specific exclusions apply in some states and not in others. Therefore, homeowners need to be aware of these differences.

Protecting Policyholder Data During Property Claims

When policyholders experience a loss, whether it be a minor leak or a major flood, the feeling of exposure is common. To file and process an insurance claim, policyholders may have to share personal information with third-party vendors their insurance company hires to handle certain parts of their claim. Data breaches can affect both insurance carriers and the vendors they partner with and are becoming more prevalent in our industry every day. Individuals and insurance carriers have much at stake when it comes to data.

Scrap or Salvage: Deciding Whether to Repair or Replace after a Disaster Part III: Siding, Gutters, Drywall, Paint and Flooring

Homeowners face a long list of difficult decisions following a significant property loss. As a result, property owners must lean on experts such as property insurers, contractors, salvage experts, and others to assist in the response and recovery process. One of the most important decision revolves around whether to repair or replace the major components of a home. Below is the third post in a three-part series focusing on how to analyze home damage to determine the best course of action following a claim.

 

Scrap or Salvage: Deciding Whether to Repair or Replace after a Disaster Part II: Windows, Doors, Plumbing, Electrical, and HVAC
Homeowners face a long list of difficult decisions following a significant property loss. As a result, property owners must lean on experts such as property insurers, contractors, salvage experts, and others to assist in the response and recovery process. One of the most important decisions revolves around whether to repair or replace the major components of a home. Below is the second post in a three-part series focusing on how to analyze home damage in an effort to determine the best course of action following a claim.
Scrap or Salvage: Deciding Whether to Repair or Replace after a Disaster Part I: Roofing, Frame, and Foundation

Homeowners face a long list of difficult decisions following a significant property loss. As a result, property owners must lean on experts such as property insurers, contractors, salvage experts, and others to assist in the response and recovery process. One of the most important decision revolves around whether to repair or replace the major components of a home. Below is the first post in a three-part series focusing on how to analyze home damage in an effort to determine the best course of action following a claim.  

 

Six Tools Insurance Companies Are Using to Mitigate Fraud

Homeowner insurance fraud occurs when someone knowingly submits a false, inflated or misleading claim on his or her homeowner's policy. This type of fraud may appear in various forms. According to the Coalition Against Insurance Fraud, about 10 percent of property insurance losses are the result of fraud. Therefore, this type of insurance fraud directly influences the premiums that all property owners pay. In fact, the FBI estimates that insurance fraud costs the average U.S. family between $400 and $700 per year in the form of increased premiums alone.