Trees, neighbors and insurance coverage: What you need to know when nature strikes and your homeowner's insurance gives you the runaround. Over the past few weeks, we’ve received a number of letters on our recent column about trees, neighbors and insurance coverage. A reader wrote in that a tree fell on his neighbor’s garage and [...]
What is the purpose of a home inventory? A home inventory list can make filing an insurance claim in the event of a major loss much easier. Seventy percent of Americans have gone through a natural disaster at some point in their lives, according to research by Farmers Insurance. With that in mind, it’s surprising [...]
Watch out for these real estate trends in 2019 from the Urban Land Institute, including increasing insurance payouts and heightened cybersecurity risks. The most startling trend they’ve documented (and we’re all experiencing) is the tremendous cost of natural disasters. Major natural disasters like hurricanes and wildfires cost the U.S. a shocking $50 billion in 2016 [...]
Hurricane season is in full swing, and if you’re in a coastal area, your property could be at risk. In the face of a storm, it’s important to prepare as best you can. Taking precautions beforehand may save you time and money after the storm makes a mess of your property. Consider these six tips [...]
Hurricane season began on June 1, so it’s time to make sure you and your property are covered by a good insurance policy. According to Ron Sachs, executive producer of the National Hurricane Survival Initiative, experts are predicting 2014 will be a modest year for hurricanes—but that’s no reason to be lulled into a false sense [...]
By now, most of us are familiar with the devastating images of destruction caused by Superstorm Sandy. When it made landfall on October 29, 2012, near Brigantine, New Jersey, Sandy was considered the worst storm to hit the northeastern United States since the Great New England Hurricane of 1938, causing insured losses estimated at $25 [...]
Don’t count on your homeowners insurance policy in the face of an earthquake—neither quakes nor losses resulting from earth movement are covered under standard policies. Supplemental coverage is available, however, and you may want to consider it if you find that you live in an area with potential for quakes. According to the U.S Geological [...]
