More Homeowners Shop for Coverage but Most Stay Put
A record 6.8% of all home insurance customers are actively shopping for new policies in 2024, yet only 2.2% of homeowners switched policies as a result.
Homeowners
Is a Dwelling Used as Storage Covered Under Other Structures?
An insured has a manufactured home insurance policy. The insured used to live in a home on the same deed of land but has now turned the dwelling into a storage building.
Up to 10 Named Storms Forecasted During ‘Supercharged September’
Following a brief lull in tropical activity in the wake of Hurricane Ernesto, the conditions are now primed for a series of back-to-back storms over the next few weeks in the Atlantic.
3 Tips for Clients With Wildfire Claims
Wildfires are a wide-reaching risk that occur with little warning. The more homeowners understand about the claims process, the easier it tends to be.
Reconstruction Costs Accelerated 5.2% Year-Over-Year
Both residential and commercial property saw total reconstruction costs increase from July 2023 to July 2024.
Tree Damage to Roof: When Does Debris Removal Sublimit Apply?
After trees fell on an insured’s roof during a windstorm, the carrier is limiting payment to remove the trees from the roof to the $1,000 sublimit under Section 1—Additional Property Coverages for Debris Removal.
Property Value Estimator: Who Is Liable for Underinsured Homeowners Claim?
If an agency uses a carrier’s property cost estimator evaluation tool to come up with a valuation on a risk, who is liable if the risk is underinsured?
Property Value Estimator: Who Is Liable for Underinsured Homeowners Claim?
If an agency uses a carrier’s property cost estimator evaluation tool to come up with a valuation on a risk, who is liable if the risk is underinsured?
What’s the Difference Between Insuring a Condo and a Townhouse?
Can townhouse exteriors be insured by each owner, with the homeowners association (HOA) insuring common areas?
From the Front Lines: Homeowners
“Inflation isn’t sparing the housing market, pushing up prices for homes and everything within them,” says independent agent Jake Sparrenberger. “Couple that with the rising frequency and severity of storms, and insurance companies find themselves footing