homeowners News

Critical Values in a Property’s Lifecycle

This post is part of a series sponsored by CoreLogic. Accurate valuation is critical to the primary functions of the real estate economy. From the listing of a property all the way through acquiring insurance, there are 3 critical moments …

California Man Arrested for Insurance Fraud on Top of an Apparently Legit $1M Claim

A California man is being charged with attempting to defraud his insurer of $43,000 while his $1 million property claim from one of the massive wildfires that struck the state in 2018 appears to be legitimate. Stephen Cortopassi, 64, of …

Wildfires Likely to Boost California Surplus Lines Homeowners Share; FAIR Plan Expansion Questioned

Premium volume from homeowners polices written by California’s surplus lines industry, although still small, has doubled over the past four years, seemingly pushed by an increase in wildfires in the state. Some experts believe that the surplus lines share of …

26 Insurers Extend Time for 2017 California Wildfire Victims for Living Expenses

Twenty-six insurers have agreed to extend the time limits for 2017 wildfire survivors to access additional living expense benefits. The companies represent a majority of the total losses from the devastating 2017 wildfires that struck Santa Rosa and other parts …

Wildfire Destroyed Dozens of Homes in Southern California

Burning trash dumped by a garbage truck caused a fire that by early Friday had destroyed dozens of homes in California’s Riverside County, fire officials said, as wildfires across the state led to power cuts for hundreds of thousands of …

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 …

Bills Addressing Last Year’s California Wildfires Have Insurers Concerned

Insurance industry representatives said on Thursday they are working with the authors of pair of controversial bills approved by a committee in the California state Senate that are designed to give relief to victims of the massive wildfires last fall. …

How Does the Homeowners’ Policy Handle Firearms?

Once again, we find ourselves in the deeply political and emotional debate about guns, the second amendment, gun control, and safety. Last Friday, Florida’s Governor signed into law new gun control regulation designed to make schools safer. This is not …

Bonding Awarded to Launch Crumbling Foundations Entity in Connecticut

A Connecticut panel has awarded funding to launch a new not-for-profit insurance company that will manage state dollars that will help homeowners with crumbling foundations. The State Bond Commission approved $350,000 Friday in start-up money for the Connecticut Foundations Solutions …

New Jersey Contractor Hit with Fraud Charges Over Post-Sandy Work

A contractor who performed work on Superstorm Sandy-damaged homes pressured customers into signing contracts and then performed shoddy work it failed to correct, state prosecutors alleged Tuesday. State Attorney General Christopher Porrino announced charges against Jersey Pride Home Renovations of …