CoreLogic News

Hawaii Insurance Commissioner Says Homes Destroyed by Kilauea Lava are Covered

Hawaii’s insurance commissioner has made it clear that homes destroyed or damaged in the recent lava flow into a Hawaii neighborhood are covered for the damage under homeowners insurance policies. Gordon Ito, who has been the state’s insurance commissioner since …

Why Agents Should Care About Underinsurance

This post is part of a series sponsored by CoreLogic. When it comes down to it, the biggest loser in a property that is underinsured is the homeowner who may not be able to rebuild their home to the way …

CoreLogic® Offers Unique Perspective to HayWired Earthquake Scenario in Conjunction with the United States Geological Survey (USGS)

This post is part of a series sponsored by CoreLogic. Situated along the eastern edge of the Pacific Ocean’s “Ring of Fire,” California is in the middle of earthquake country, and planning for the next one is crucial. The Hayward …

Five Things Homeowners Need to Know About Finished Basements

This post is part of a series sponsored by CoreLogic. 1. Does a Finished Basement Increase a Home’s Value? It depends on your definition of “value”. If we’re talking about market value—which is generally the price a buyer is willing …

The Impact of Getting ITV Wrong

This post is part of a series sponsored by CoreLogic. It’s About Protecting Homeowners and More Most people understand that the goal of a homeowner’ policy is to restore a home and possessions to the way they were should a …

CoreLogic Identifies Flood and Wildfire as the Two Most Destructive Natural Hazards in 2017

This post is part of a series sponsored by CoreLogic. Annual Natural Hazard Risk Summary and Analysis Details 2017 Natural Hazard Events CoreLogic® analyzes and evaluates the number and severity of natural hazard events that occur across the U.S. in …

Report: 86K-plus Homes at Some Risk Level in Southern California Wildfires

A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires, according to a CoreLogic report issued on …

29 Million Flood Risk Properties Lie Outside Official Flood Zones: CoreLogic

An estimated 23 percent of residential and commercial properties in the U.S. are at high or moderate risk of flooding but are outside of designated Special Flood Hazard Areas (SFHA) as identified by the Federal Emergency Management Agency (FEMA), according …

Four Reasons to Explore Underwriting Automation

This post is part of a series sponsored by CoreLogic. If you’re reading this blog, then you are likely interested in learning more about how you can make your company’s property underwriting process more efficient. Although there are many misconceptions …

CoreLogic: Hurricane Nate Property Damage Could Top $1B

Hurricane Nate preliminary loss estimates are estimated to be between $650 million and $1.35 billion, according to CoreLogic. The loss estimates were calculated based on data analysis, total insured and uninsured loss for both residential and commercial properties, including damage …