When you buy insurance, your agent gives you a copy of your policy. And then the insurance company starts adding endorsements. Some endorsements help you, some take away coverage and some are completely meaningless. However, which are which? There is…
Posts Categorized In: Homeowners Insurance
Sen. Lott alleges State Farm destroying reports
Sen. Trent Lott’s attorney is claiming that State Farm has destroyed or moved reports that showed that homeowners whose homes were damaged by Hurricane Katrina actually had covered losses. I wrote about this before at which time I commented that…
Who pays for the next earthquake?
When the next earthquake hits, who is going to pay for the damage? Here is a story suggesting it will be taxpayers and not the insurance companies. Why? Basically because 86 percent of Californians have no earthquake insurance. I am…
Mass. Dog Owners Fighting Back
According to the Boston Globe, Massachussets dog owners are mad at insurance companies. Why? Because the insurance companies are cancelling policies based on dog breed. Here is the argument. Insurance companies say that certain breeds are dangerous. Why are they…
Allstate Pulls out of Ohio Earthquake Market
Okay, by itself many of you who read this article probably do not care. After all, most of my readers are in California, and even those in Ohio should know that there is twice as much premium for small aircraft…
State Farm Sued from Katrina
State Farm is being sued – AGAIN. This time, again, according to the Washington Post, whose coverage of this has been excellent, it is related to Hurricane Katrina losses. In this case, there is an interesting twist. The couple who…
Flood and Earthquake Insurance
Two stories recently came out that made me think about your need for insurance. First, KCRA in Sacramento ran a story about flood insurance. (See my post from the weekend about it as well.) The gist: you need to consider…
Know your flood risk
I came across this website from NFIP and wanted to share it. This is a risk asssessment site that will tell you your risk of flooding. I typed in my address and found out that I was at low to…
Many Homeowners Aren’t Buying Flood Insurance
According to a new RAND Corporation survey, a lot of Americans living in flood plains are not carrying flood insurance. 61 percent of Southerners are carrying it, but fewer people in the rest of the country. I find this fascinating….
Examination Under Oath: UH OH
I have received a few calls lately about the dreaded examination under oath. Basically, this is your insurance company’s chance to ask you anything about any topic that might be remotely related to your first party claim (your claim against…