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Category: News

Arson – On the rise

10 January, 2010 (00:19) | News | By: Avatar

Insurance firms are bracing for more cases of arson as homeowners are now ending up with owing more money that their houses are worth. Desperation is beginning to set in and the weak dollar does no good to the already bad economy. Law enforcement and insurance firms are working hard to prevent and contain these [...]

Major Home Insurance Companies Not Renewing Policies

10 December, 2009 (00:13) | News | By: Avatar

Alarming news from the Home Insurance sector is news that in areas such as Florida, insurance companies will not be renewing policies once they expire this year. The state of Florida has suffered a lot of damage from hurricanes in the past years and insurance firms are saying that the costs they paid out during [...]

More Insurance Firms Leaving High Risk Areas (Part 2)

10 November, 2009 (00:18) | News | By: Avatar

State Farm, is dropping almost 50,000 clients in Florida and has indeed stopped renewing and issuing new home insurance policies for the state. Clients cry foul for most of them have been clients for decades some even without filing a single claim. And others are turning to the courts for resolution. These types of actions [...]

More Insurance Firms Leaving High Risk Areas (Part 1)

10 October, 2009 (00:16) | News | By: Avatar

Insurance policy holders in areas that are deemed to risky by insurance companies be prepared, to receive notice that your insurance firm is dropping you from their client list and that they are not going to renew your Home’s insurance policy once it expires this year. Metlife has sent mailers informing customers that they are [...]

Credit Debt

10 June, 2009 (05:35) | News | By: editor

According to Viale of Cambridge Credit Corp., seventy percent of Americans who avail of a home equity loan or any other type of loan for that matter to pay off credit cards consolidations end up with the same if not a much higher debt within two years or less.
Viale’s statistics underline a major trouble with [...]

The Standard HomeOwners Policy – What is covered (Part 2)

10 March, 2009 (21:07) | Basic Insurance, News, Options | By: Avatar

We have discussed the two first areas covered by the basic homeowners insurance during the last post and now we shift to the next two. Liability protection is protection from any lawsuits filed against you and your family members that results in bodily injury or property damage. This is the area where most experts say [...]

Additional Home Insurance Coverage

11 January, 2009 (19:58) | Expanded Coverage, News | By: Administrator

Assuming you are not in need of additional homeowner’s insurance coverage would be similar to saying the sun won’t shine tomorrow for the environment is truly quite unpredictable in today’s polluted world. The advent of climate change has resulted in some very nasty weather and natural disasters that have never been seen. Earthquakes for example [...]

Boosting Security Lowers Premiums

15 December, 2008 (10:18) | News, Options | By: Avatar

Nothing compares to a safe and secure home which is much loved by insurance firms for they pose little if no risk at all. The placement or location of a home also plays an important part in how much home insurance would cost. Areas known for high crime rates and break-in incidents are quite expensive [...]

Homeowners Perpetual insurance

21 August, 2008 (22:58) | Basic Insurance, News | By: Administrator

Image Source: www.localwin.com
Perpetual insurance is a form of homeowners insurance procedure written to have no term, or date, when the policy expires. From the effective start date, the coverage exists for perpetuity. The insured deposits funds, called a deposit premium, with the insurer for insurance for the existence of the risk. The deposit is frequently [...]

UK Gardens: Candy Store for Thieves

9 May, 2008 (10:25) | News | By: Robert

If any of you are using your gardens and sheds as temporary storage for any of your properties and stuff because you converted your lofts and garages to something else then you should read this. Nearly 650,000 UK households had items stolen from their gardens last 2007.
Unfortunately, according to an insurance company, 11 percent of [...]