May 21, 2022
  • May 21, 2022

Legislation proposed to ‘stabilize’ property insurance would reduce roof coverage for more than 10 years

by on February 5, 2021 0

Instead of getting “replacement cost” coverage, insurers could offer “true cost” policies for older roofs. by: Shannon Behnken Posted: February 5, 2021 / 6:40 PM EST / Update: February 9, 2021 / 9:18 AM EST TAMPA, Fla. (WFLA) – Homeowners in Florida are starting to see results as insurance companies take drastic action to...

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Florida High Court Rules for Insuring Citizens’ Property on a Matter of Great Public Importance

by on January 21, 2021 0

The Florida Supreme Court issued an opinion Thursday stating that state law does not allow an insured to recover “extra-contractual consequential damages.” The high court’s opinion was a response to the Fifth District Court of Appeal certifying a “matter of great public importance”. And Roy Oppenheim, co-founder and senior partner of Oppenheim Law in...

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6 AI predictions for property insurance

by on January 7, 2021 0

Insurers are no strangers to large-scale technological change, but 2020 has been unique in the magnitude of the change. Incumbents spent much of 2020 moving complex IT infrastructures to the cloud and implementing new remote risk assessment technologies, in order to continue to serve their customers safely and efficiently. . While individual property and...

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California protects millions of homeowners in fire zones from home insurance denials

by on November 5, 2020 0

In the wake of the worst fire season in California history and a dramatic increase in denials of residential property insurance in fire-risk areas, the state insurance commissioner extended Thursday a moratorium on non-renewals and refusals which he says will affect more than 2 million policies. incumbents, many in the Bay Area. The areas...

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Property Insurance Companies Seeking Big Rate Hikes For Florida Policyholders Florida

by on August 10, 2020 0

(The Center Square) – A quadfecta of factors merge into one reality for Florida’s 6.2 million property insurance policyholders: Significant rate hikes await next policy renewal – if carriers to low cap choose to renew them. Tallahassee-based Capitol Preferred Insurance Co. (CPI) has filed a proposal for a 26.2% premium increase for its 84,000...

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British Columbia Changes Rules As Strata Property Insurance Costs Rise – Victoria News

by on June 23, 2020 0

The BC government is making changes to strata financial and real estate rules to deal with soaring insurance costs for multi-family buildings. Changes introduced to the British Columbia legislature on June 23 would require strata companies to notify owners of insurance coverage, including increased deductibles, and allow strata boards to use their contingency funds...

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State Farm – Tommy Hundley | Auto, Home and Property Insurance | Wytheville, Virginia | insurance | home | Wytheville, Virginia, Virginia

by on February 18, 2019 0

About State Farm – Tommy Hundley | Auto, Home and Property Insurance | Wytheville, Virginia In activity since: 1956 Experienced and Helpful State Farm Insurance Agent Tommy Hundley has been an insurance agent for almost 20 years. Located next to the Wythe County Circuit Courthouse, he and his team at his office in Wytheville,...

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Definition of property insurance

by on March 25, 2017 0

What is property insurance? Property insurance is a general term for a series of policies that provide property protection coverage or liability coverage to homeowners. Property insurance provides financial reimbursement to the owner or lessee of a structure and its contents in the event of damage or theft, and to someone other than the...

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The importance of property insurance

by on March 25, 2017 0

What is property insurance? The basic goal behind purchasing any insurance is to make yourself financially complete after a loss. You agree to pay a small certain charges to an insurance company today in exchange for a guarantee from the company that it will bear the burden of a large but uncertain loss in...

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