Homeowners Go Without Earthquake Insurance Despite Its Affordability
Recent earthquakes in South Carolina have residents realizing that they should have purchased earthquake insurance coverage on their home insurance policies. The Associated Press reported that a quake...
View ArticleJPMorgan Chase to Pay $300 Million Over Force-Placed Homeowners Insurance
For years, banks and insurance companies have profited at homeowners’ expense, charging excessive homeowners insurance rates through force-placed insurance. However, on Feb. 28, a judge ordered a...
View ArticleHeartland Homeowners Prepare for Tornado Season
According to a 2013 National Oceanic Atmospheric Administration (NOAA) study, 43 severe local storms were reported between 1980-2011, representing $94.6 billion in adjusted damages. These costs are...
View ArticleHome Insurance Companies Refusing to Cover Disheveled and Dirty Roofs
A growing trend in underwriting seeks to mitigate the cost of home insurance claims for roof damage by limiting coverage or refusing to renew insurance policies on older roofs. Although home insurance...
View ArticleWashington Landslide Highlights Lack of Homeowners Insurance Coverage
On March 22, approximately 50 properties vanished when a massive mudslide struck Oso, Wash. Hundreds of acres of land were swept away by the Washington landslide, burying victims and debris in 80 feet...
View ArticleBofA Reaches $228M Force-Placed Homeworkers Insurance Settlement
A string of force-placed homeowners insurance lawsuits are nearing completion with settlements totaling more than $670 million. The latest settlement was determined, requiring Bank of America to pay...
View ArticleNationwide Insurance Study Shows Startling Lack of Renter’s Insurance
Less than half of renters purchase renter’s insurance, even though it is much cheaper than homeowner’s insurance, according to a new study aimed at the millennial generation. The greatest concerns over...
View ArticleHomeowner Bill of Rights Misses Chance to Lower Homeowners Insurance Rates
Imagine a world in which homeowners are guaranteed certain rights when it comes to filing claims. Imagine knowing you have a right to fast claims service and expedient communications. Homeowners would...
View ArticleCity Helps Fill Sewer Line Coverage Gap in Home Insurance Policies
Residents in Royal Oak, Mich. are learning that a standard homeowners insurance policy doesn’t cover the cost of a collapsed sewer line. That’s why the city is working with a warranty company to help...
View ArticleEarly Wildfire Season in Western States Has Homeowners on Alert
In the West, an early wildfire season has firefighters taxed and homeowners on alert. From January to April, the California Department of Forestry and Fire Protection in Sacramento responded to more...
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