Browsing: News

How much does nature influences risk on the insurance?Colorado is, like more states, tired of all the natural disasters happening in its state. Wildfires are one of the major natural causes of insurance claims in the state, covering millions of claimed tax-payer’s dollars.Currently, the state’s insurers are pulling back in the masses, denying a lot of newly requested or renewed insurances. Even fireproofing your home, does not relief you from this event happening, as Denver7 reports.What is the state going to do to make homeowners’ insurances available?Lawmakers are currently looking into the creation of plans to make premiums affordable again…

The situation at hand: A vague picture In California, Florida and Louisiana, the last couple of months, many homeowners’ insurers have gone bankrupt due to the mass claims during the horrible storms and weather. This brings into question how available the insurances still are and how much you can protect your home against these events. In other words: Is the climate change, affecting the availability of insurance? Of course, no insurer wants to spend too much money, because they are all about making money. So setting up shop in vulnerable areas, might be a bad idea for the larger companies…

What do hurricanes do to my home insurance?The atlantic hurricane season, which occurs every year towards the end of the year, takes its toll on housing. Hurricanes are responsible for destroying more and more properties as the population increases.Hurricane Ian, the largest hurricane of this season, destroyed an estimate of $67 billion in privately insured properties in multiple states, RMS estimates.  What damages can a hurricane create to my home?According to the RMS report, their estimate comes from a couple seperate causes. Wind damages, including coverage leakage, storm surges and inland flooding.All these seperate damages can be insured against, of…