#homeowners-insurance

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#insurance-market

Millions of Americans Live in 'Insurance Deserts'-but There Are Ways To Protect Your Home

Homeowners insurance is increasingly unaffordable for many due to climate change risks and exits by insurers from high-risk markets.

Travelers is the latest California insurer to raise rates. How to find coverage in your area

Travelers Insurance in California increasing rates by 15% due to wildfire risks, reinsurance costs, and inflation.

Another homeowners' insurance carrier leaves California

The Hartford Financial Services Group will no longer offer new homeowners insurance policies in California starting in February 2024.
The decision was made due to the unique challenges presented by California's homeowners insurance environment, including increased risks from wildfires.

Millions of Americans Live in 'Insurance Deserts'-but There Are Ways To Protect Your Home

Homeowners insurance is increasingly unaffordable for many due to climate change risks and exits by insurers from high-risk markets.

Travelers is the latest California insurer to raise rates. How to find coverage in your area

Travelers Insurance in California increasing rates by 15% due to wildfire risks, reinsurance costs, and inflation.

Another homeowners' insurance carrier leaves California

The Hartford Financial Services Group will no longer offer new homeowners insurance policies in California starting in February 2024.
The decision was made due to the unique challenges presented by California's homeowners insurance environment, including increased risks from wildfires.
moreinsurance-market
#flood-insurance

Explainer: What happens to your mortgage after a disaster?

Homeowners should not make mortgage payments if their home is significantly damaged, relying primarily on insurance for relief.

What Long Islanders need to know about insurance coverage after a storm

Homeowners generally need separate flood insurance to cover storm damage, as standard policies often do not include flood-related losses.

Explainer: What happens to your mortgage after a disaster?

Homeowners should not make mortgage payments if their home is significantly damaged, relying primarily on insurance for relief.

What Long Islanders need to know about insurance coverage after a storm

Homeowners generally need separate flood insurance to cover storm damage, as standard policies often do not include flood-related losses.
moreflood-insurance
#insurance-rates

Climate change is driving a home insurance crisis. Here's how insurers assess risk

Homeowners insurance rates surged 11.3% nationwide in 2023, signaling a troubling trend amidst evolving risks and rising construction costs.

Allstate to hike home rates in California wildfire areas by 34%

Allstate is increasing homeowners' insurance rates by an average of 34.1% due to rising wildfire risks in California.

6 strategies to help mitigate rising car and home insurance costs

Insurance costs for homeowners and car owners are rising significantly, impacting household finances considerably.

Climate change is driving a home insurance crisis. Here's how insurers assess risk

Homeowners insurance rates surged 11.3% nationwide in 2023, signaling a troubling trend amidst evolving risks and rising construction costs.

Allstate to hike home rates in California wildfire areas by 34%

Allstate is increasing homeowners' insurance rates by an average of 34.1% due to rising wildfire risks in California.

6 strategies to help mitigate rising car and home insurance costs

Insurance costs for homeowners and car owners are rising significantly, impacting household finances considerably.
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How to protect yourself against potential Halloween horrors - a fire, injury or allergic reaction

Consider insurance implications for Halloween festivities, particularly regarding liability for injuries on your property.
#hurricane-milton

Hurricane Milton Made Landfall-but Does Homeowners Insurance Cover Water Damage and Roof Leaks?

This hurricane season is historic, with Hurricanes Milton and Helene causing unprecedented damage and financial strain on affected communities.

If Hurricane Milton Floods Your Basement, Here Are the Quick Fixes You Need To Know

Hurricane Milton poses a significant flooding threat to Florida, highlighting the increasing prevalence of severe storms and their impact on homeowners.

Hurricane Milton Made Landfall-but Does Homeowners Insurance Cover Water Damage and Roof Leaks?

This hurricane season is historic, with Hurricanes Milton and Helene causing unprecedented damage and financial strain on affected communities.

If Hurricane Milton Floods Your Basement, Here Are the Quick Fixes You Need To Know

Hurricane Milton poses a significant flooding threat to Florida, highlighting the increasing prevalence of severe storms and their impact on homeowners.
morehurricane-milton
#natural-disasters

Are Wildfires Raising Homeowners Insurance Rates in California?

Natural disasters drive up homeowners insurance costs in high-risk areas like Florida (hurricanes) and California (wildfires).

Hurricane Helene Is the 'Strongest in Recent Memory'-but 20% of Floridians Don't Have Homeowners Insurance: What To Do If You're Not Covered

Hurricane Helene poses significant risks, highlighting the urgent need for homeowners to prepare amid rising costs and lack of insurance coverage.

How a homeowners insurance provision can help with living expenses after a natural disaster

Loss of use coverage in homeowners insurance helps cover living expenses if your home is uninhabitable due to a disaster.

Here are key steps to file a homeowners insurance claim after a natural disaster, experts say

Timely filing of homeowners insurance claims is crucial after natural disasters to expedite the recovery process and minimize delays.

Are Wildfires Raising Homeowners Insurance Rates in California?

Natural disasters drive up homeowners insurance costs in high-risk areas like Florida (hurricanes) and California (wildfires).

Hurricane Helene Is the 'Strongest in Recent Memory'-but 20% of Floridians Don't Have Homeowners Insurance: What To Do If You're Not Covered

Hurricane Helene poses significant risks, highlighting the urgent need for homeowners to prepare amid rising costs and lack of insurance coverage.

How a homeowners insurance provision can help with living expenses after a natural disaster

Loss of use coverage in homeowners insurance helps cover living expenses if your home is uninhabitable due to a disaster.

Here are key steps to file a homeowners insurance claim after a natural disaster, experts say

Timely filing of homeowners insurance claims is crucial after natural disasters to expedite the recovery process and minimize delays.
morenatural-disasters
#climate-change

Here's where California could push insurers to cover more fire-risk homes

California Insurance Commissioner Ricardo Lara's proposed plan aims to stabilize the home-insurance market by allowing rate hikes based on climate change, potentially increasing coverage in fire-prone areas.

Most Americans say weather events are increasing the risk to their homes

Americans perceive increasing weather risks to their homes due to climate change, with significant challenges in accessing homeowners insurance, especially among lower income groups.

Former insurance commissioner warns state agency about California's 'uninsurable future'

Former insurance commissioner predicts California's future as 'uninsurable' due to climate change impacts.
Differing opinions on solutions for homeowners insurance challenges: mandating coverage for protective measures vs. regulatory changes.

Here's where California could push insurers to cover more fire-risk homes

California Insurance Commissioner Ricardo Lara's proposed plan aims to stabilize the home-insurance market by allowing rate hikes based on climate change, potentially increasing coverage in fire-prone areas.

Most Americans say weather events are increasing the risk to their homes

Americans perceive increasing weather risks to their homes due to climate change, with significant challenges in accessing homeowners insurance, especially among lower income groups.

Former insurance commissioner warns state agency about California's 'uninsurable future'

Former insurance commissioner predicts California's future as 'uninsurable' due to climate change impacts.
Differing opinions on solutions for homeowners insurance challenges: mandating coverage for protective measures vs. regulatory changes.
moreclimate-change

Uninsurable homes are selling for all cash at a deep discount

The housing market is becoming increasingly divided due to rising insurance costs and mortgage denials, affecting primarily low-income homeowners.

Louisiana homeowners insurance costs lead more seniors to reverse mortgages

Homeowners insurance costs are rising, affecting fixed-income seniors and spurring interest in reverse mortgages for financial relief.

The cost of homeowners insurance skyrockets in Upper Midwest states

Extreme weather and high construction costs drive steep increases in homeowners insurance premiums, especially in the Upper Midwest.

Allstate approved to raise California home insurance rates by 34%

Allstate will raise California home insurance rates by an average of 34.1%, marking the largest increase for a major insurer in three years.

My insurance company spied on my house with a drone. Then the real nightmare began.

Insurance companies are using AI-powered drone surveillance for risk assessment, potentially leading to policy cancellation over minor issues.
#california

State Farm seeks steep home insurance hikes in California

State Farm seeks significant rate increases in California to avoid financial insolvency.

Newsom Seeks Faster Track for Home Insurance Rate Hikes as Market Shrinks | KQED

California faces challenges with finding new homeowners insurance policies due to wildfires and inflation, leading to efforts by Gov. Newsom to expedite rate hike reviews.

State Farm seeks steep home insurance hikes in California

State Farm seeks significant rate increases in California to avoid financial insolvency.

Newsom Seeks Faster Track for Home Insurance Rate Hikes as Market Shrinks | KQED

California faces challenges with finding new homeowners insurance policies due to wildfires and inflation, leading to efforts by Gov. Newsom to expedite rate hike reviews.
morecalifornia

E-Bike Insurance Adoption Is On The Rise - Do You Need It?

Insuring premium items like e-bikes may require a separate policy for extended coverage beyond homeowners insurance.
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