Homeowners Insurance

New York Times  May 5  Comment 
The reliance by home insurance companies on a consumer’s credit history in setting premiums is growing, but it varies by state.
Insurance Journal  May 4  Comment 
Credit scores have a big effect on home insurance premiums, more than doubling them for those with poor credit compared to those with excellent credit, according to analysis by online insurance seller insuranceQuotes.com. The insuranceQuotes...
Insurance Journal  Apr 28  Comment 
Florida Peninsula Insurance Company, a Florida homeowner insurance carrier, has launched a new online system offering homeowners insurance quotes to consumers. According to Clint Strauch, president of Florida Peninsula system allows Florida...
Insurance Journal  Apr 26  Comment 
An insuretech company launched in California today with the promise of providing online homeowners insurance quotes in 60 seconds in what the Mountain View, Calif.-based company is calling “the most fundamental redesign of home insurance in...
Insurance Journal  Apr 12  Comment 
The Oklahoma House Insurance Committee has passed a bill that will allow individuals to purchase health insurance across state lines. Senate Bill 478, by state Rep. Lewis Moore and Bill Brown of the Senate, will allow the Oklahoma Insurance...
New York Times  Apr 7  Comment 
Premiums under the government’s flood insurance program just rose, but most people don’t know that homeowner’s insurance policies don’t cover floods.
Insurance Journal  Apr 7  Comment 
Plum Underwriting, the London-based specialist home insurance managing general agent, announced the launch of cyber and data risks cover embedded within high net worth (HNW) and mid net worth (MNW) home insurance products in the UK. Plum’s Home...
Insurance Journal  Apr 5  Comment 
NAS Insurance has launched a new cyber insurance product that addresses cyber risks to individuals and families through add-on coverage to homeowners’ insurance policies. NAS’ Personal CyberPlus covers cyber bullying, cyber extortion, wire...
Insurance Journal  Mar 23  Comment 
A bill that would require a homeowner’s insurance company to factor into the insurance premium the more resilient construction if the homeowner retrofits or builds a new home to certain specified standards has passed the Oklahoma House of...
Insurance Journal  Mar 16  Comment 
Pennsylvania Insurance Commissioner Teresa Miller is offering tips to consumers whose home or automobile may have sustained damage from this week’s winter storm, according to a press release issued by the Pennsylvania Department of Insurance....


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Understanding Homeowners Insurance

Property Protection

  • Dwelling usually covers the house, any attached structures, house fixtures, plumbing, heating, in-built air conditioning systems and electrical wiring.
  • Other Structures, other than those used for business purposes, covers detached structures like garages, storage sheds and land fixtures.
  • Personal Property covers all personal items in your home that are owned by you or family members who live with you. Protection for these items depends on actual cash value or replacement cost.
  • Loss of Use covers expenses in excess of your normal living expenses should you be forced to live anywhere other than your home during repairs or a government injunction.
  • Endorsements can be added to your homeowners insurance policy at an additional cost to provide extra protection against occurences like theft, inflation, credit card forgery etc.

Liability Protection

  • Personal Liability protects you and family members that live with you from a claim or lawsuit arising from bodily injury or property damage to others caused by an accident on your property. It generally does not provide protection for vehicle- and business-related incidents.
  • Medical Expenses, as the name indicates, pays the medical expenses for individuals who are accidently injured on your property, regardless of who is at fault for the injuries. It does not cover injuries to you or family members that live with you.
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