You purchase homeowner’s coverage to insure against property damage, theft, and anyone who might get injured at your home. That coverage is frequently utilized. In 2024, nearly 6% of homeowners filed a claim, according to the Insurance Services Office. Property…
Rapidly rising home construction costs could result in your home being underinsured if you suffer a major loss and haven’t increased your homeowner’s insurance policy replacement cost limits lately. Your policy has a maximum amount it will pay to rebuild…
Homeowners are increasingly turning to smart technology to improve safety and security, reduce the risk of damage, and help them qualify for homeowners’ insurance discounts. Many insurance companies reward homeowners who install devices that reduce the risk of fire, theft,…
Businesses and homes located in areas hit by wildfires face another risk after the fires subside: flooding, landslides, debris, and mudflows. These events are not covered by a standard business property or homeowner’s insurance policy. Areas affected by wildfires have…
Even if you have a business or a home that was not affected by the recent wildfires in Los Angeles, you will likely see surcharges to help pay for them on your next property insurance policy renewal. The state-run California…
Homeowners in Los Angeles County impacted by recent wildfires can breathe a little easier after state Insurance Commissioner Ricardo Lara issued an order that bars insurance companies from canceling or non-renewing homeowner’s policies in wildfire-affected areas for at least one…
Lithium-ion batteries power many of the devices we use every day, but they also pose significant fire risks if mishandled. Fires caused by these batteries in cell phones, laptops, electric vehicles, and more are on the rise, and the number…
You may have auto insurance and home or renter’s insurance in place to make sure you have coverage in case of an accident. But, depending on the circumstances of a claim, you may have coverage gaps in your insurance, and…
Home break-ins increase dramatically during the holiday season. Thieves expect people to be shopping for new toys and electronics and stashing them in the house. Not only that but cyber criminals also up their game during December, increasing your risk…
A home fire can start in an instant and quickly spiral out of control. It doesn’t take much for one to get started, but you can prevent it from spreading and causing substantial damage with one simple piece of equipment:…