homeowners News

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 …

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 …

Homeowners Often Overlook Mitigating Water Leak Risks: Chubb

The majority of homeowners do not view internal water leak damage as the most concerning home threat, despite the fact that water leaks are a more frequent risk than fire and theft, a new Chubb survey revealed. “The time between …