State Farm has requested to cut homeowners rates by 11% or so in California. WOO HOO! This announcement came from the Dept. of Insurance. This comes as USAA has also asked for a rate decrease. I won’t get technical here,…
Posts Categorized In: Homeowners Insurance
Moving? Update your auto policy
I have come across this twice recently and never thought it was an issue until then. Here is the situation: You live in State A. You move to State B. You take your cars with you and your auto policies….
Want to know about an insurance company
Here is a helpful link I have found on the California Dept. of Insurance website. The link provides you with information on an insurance company. From the website itself: Use a partial or full company name to search for an…
Renting? Who is responsible?
I read a comment on Craigslist about a renter who had the bad luck of having the house he was living in burn down. He had no insurance and was not sure what to do. That is a problem. The…
Letter about your coverages
In California, if you are in an accident, your insurance company is required to send you a letter explaining your coverages. The letter is simple: what coverages you have that apply to your claim. Okay, that sounds simple. Apparently, it…
Agreed Value: But is it?
I was on a car bulletin board today reading about car repairs. One of the threads was on insurance. There were a few people who had “agreed value” policies, or so they thought. But, do you really have an agreed…
Allstate pulling out of Earthquake Market Nationwide
This really should not come as a surprise to anyone. Back on March 27, I wrote about Allstate pulling out of the earthquake market in Ohio. (You remember the quote from their spokeswoman, right? If not, here it is: “The…
New Coverages from Lexington: Are they worth it?
My friends over at United Policyholders passed this article on to me. Lexington Insurance, a division of AIG, is going to be offering some additional coverages for its policyholders, including mechanical breakdown for heating and air conditioning systems and identity…
More on Excessive Profits
I wrote over the weekend about Allstate’s excessive profits in Texas and the refund ordered by the Texas Department of Insurance. Not to be outdone, California’s Department of Insurance has announced they are starting an investigation into insurance companies excessive…
Allstate Ordered to Pay Refund in Texas
Allstate has been ordered to refund $60 million (or about 37 dogs in Oregon, if you read my last post!) and reduce rates by .2 percent in Texas. The Texas Department of Insurance found that Allstate’s rates were excessive -…