Many Americans start a home-based business because they want to pad their day-job income or perhaps are looking to eventually break free and work on something they are passionate about. Often, when first starting, they run their business from home.…
The fires that have ravaged large swaths of homes in Los Angeles are likely to significantly alter the California homeowner’s insurance market. Policyholders may need to brace themselves for surging premiums, policy non-renewals, and uncertainty. These wildfires will result in…
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…