"Homeowners Insurance" Blogs

California Is Now Requiring Solar Panels on All New Homes: What It Means for Homeowners

California has officially become the first state to require solar panels on all new home and multi-family residences of three stories or fewer, as well as all major renovations. Buildings in highly shaded areas may be exempt.  Commercial construction will follow by 2030. Currently, California is adding approximately 113,000 housing units every year, and they […]

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The Future of Drone Insurance Is Here

The insurance industry is experiencing rapid changes with the new ways consumers buy homeowners insurance. There will be approximately 50 billion internet-connected devices and sensors in 2020, which can have a major impact on the availability of real-time information that insurance companies could use to calculate pricing and underwriting. Also, drones are projected to have […]

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California Bans Homeowners Insurers from Dropping Policies in Wildfires Zones

As northern California goes up in flames, many homeowners’ insurers keep canceling policies. Last Thursday, however, an unusual step was taken to ban the practice. Unfortunately, the cost of climate change has been miscalculated and now we are reaping the consequences. The new policy imposes a one-year pause, which prevents insurers from dropping insurees in […]

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Apple Pledges $2.5 Billion To Help Tackle Housing Crisis in California

Apple recently announced a pledge of 2.5 billion to fight California’s housing crisis. It has been so far the biggest commitment from any company in the tech industry.  Other tech companies have also taken an active role in tackling the region’s prolonged housing crisis. Apple’s pledge came after Facebook had pledged $1 billion, and Google […]

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FEMA Says Deadline For Hurricane Dorian Insurance Claims Is Coming

An important deadline is coming for those who want to file Dorian-related flood insurance claims. The National Insurance Program policyholders in North Carolina who have experienced damage linked to Dorian only have 60 days to file Proof of Loss counting from the day the damage had first occurred. FEMA says policyholders should do everything they […]

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One Year After Hurricane Michael: FL Homeowners Struggle To Recover

If you live in Florida, sooner or later a hurricane or tropical storm will hit, and damages to your property are inevitable. Some insurance companies may try to wear you out, but don’t give up. As of last month, over 18,000 Hurricane Michael claims were still open – 12 percent of all storm damage claims. […]

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Mercury Insurance Ends Fight with California Regulators by Agreeing to Pay Over $41M

Mercury Insurance Co. just ended a 20-year long battle with California regulators over extra fees charged to its clients by agreeing to pay the state of California over $41M, according to officials. The State Insurance Commissioner Ricardo Lara says it has been the most substantial property and casualty penalty and interest payment in the history […]

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National Flood Insurance Program Set to Expire on September 30

After tropical storm-battered Texas had over 40 inches of rain in only 72 hours, Congress argued whether they should extend the National Flood Insurance Program (NFIP) or not. NFIP is set to expire next week, Sep 30 – a program ran by the government, which covers 5 million policies and it’s an alternative to the […]

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Insurance Companies in California Keep Pulling Out Leaving Homeowners Stranded

It’s an unfortunate situation for Californians, and it’s not getting any better. Some families have been forced to scramble, securing coverage through not-so-good insurers with skyrocketing premiums that they can’t practically afford. As the wildfires grow more intense, many insurance companies are not renewing policies for homeowners in risky areas. As of right now, nearly […]

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FEMA urges homeowners to buy flood insurance

If there was ever a time to buy flood insurance is now, according to FEMA and national flood officials. Drastic weather changes in some specific regions across the U.S. are expected in the coming years. Many of our communities are already underwater. Floods are simply among the deadliest natural disasters in the United States. The […]

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Insurance Companies Request Rate Increase for Dwelling Policies

A Dwelling insurance rate increase was recently filed at the North Carolina Department of Insurance (NCRB) with a requested effective date of July 1, 2020.   NCRB represents all companies that write property insurance in the state. They requested a 19.2% increase based on territory.   The filing comprises an increase request in wind (24.3%) […]

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Insurance Companies Request Rate Increase for Dwelling Policies

A Dwelling insurance rate increase was recently filed at the North Carolina Department of Insurance (NCRB) with a requested effective date of July 1, 2020.   NCRB represents all companies that write property insurance in the state. They requested a 19.2% increase based on territory.   The filing comprises an increase request in wind (24.3%) […]

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