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The California Wildfires - What Impact Will They Have On Florida Insurance?

Wren Insurance Agency

The good news is that, according to Mark Frielander with the Insurance Information Institute (video interview link here: Could California wildfires impact Florida home insurance rates? ), carriers assume their own risks in each state and have different subsidiaries as a result.

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The Insurance Industry Faces Growing Wildfire Risk in California

American Agents Alliance

The recent Eaton and Palisades fires in the greater Los Angeles area are evidence of the increasingly prevalent wildfire risk in California. As stories of resilience and courage emerge and the fires are contained, agents and brokers provide critical insurance support for policyholders.

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How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

However, for many home renovation projects, you will need to inform your insurance agent. Whether it’s a big project involving reconstruction of part of your home, or a small project that will increase the value of your home or personal property, your renovation will affect your homeowners insurance. New Home Value?

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Prepare for the Unexpected — How to Help Policyholders With Disaster Planning

American Agents Alliance

This is a role insurance agents often play — and disaster planning is always more effective when it is proactive. As an agent, you already know some causes of loss are excluded but many policyholders do not understand this aspect of their coverage. Discuss how to inventory personal property with receipts, photos, and videos.

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Why Finding Homeowners Insurance in California is So Challenging in 2024:

Jackson & Jackson

The increasing frequency and severity of natural disasters in recent years have made insurance companies more hesitant to take on the risks associated with insuring California homeowners. The state’s dry climate and strong winds create ideal conditions for wildfires to spread rapidly, putting homes at risk of destruction.

Insurer 52
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Does Homeowners Insurance Cover Collectibles? 

Distinguished

However, the very qualities that make collectibles so precious also expose them to unique risks. Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. Theft, damage during transport, or accidental breakage can devastate a collection that has taken years to assemble.

Insurer 52
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South Carolina Wind Pool Insurance Explained

TGS

The South Carolina Legislature required insurance to be available to at-risk coastal homes. This will include dwelling structure, personal property, loss of use, and increased rebuilding costs. According to the state of South Carolina, Wind Pool is a last resort for those in a high-risk coastal area.

Insurer 52