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Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Parts of California

Insurance Journal

Two lawsuits filed in Los Angeles allege major home insurance companies have colluded to limit coverage in California communities at high risk for wildfires and force homeowners onto the state’s last-resort insurance plan that offers basic coverage and high premiums.

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Roof Claims Surge: A 30% Increase from 2022 to 2024

TGS

The Rising Tide of Roof Claims Several factors contribute to the surge in roof claims: Wind and Hail Damage: These elements were the primary drivers of loss costs, accounting for over half of all residential claims in 2024. Aging Roofs: Approximately 38% of U.S. Longer Claim Resolution Times: The average claim cycle time has reached 32.4

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Top Reasons Your Home Insurance Premium Might Increase [2024]

TGS

TGS Insurance » Blog Top Reasons Your Home Insurance Premium Might Increase [2024] Owning a home is often a dream come true, but when that dreaded notice arrives in the mail—informing you that your home insurance premium has gone up—it can feel more like a nightmare.

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Tips for Lowering Your Home Insurance Premiums Without Sacrificing Coverage

Leadsurance

How to Reduce Home Insurance Premiums without Compromising on Coverage Home insurance is many people’s key protector; it provides one with the needed cover once loss or damage occurs. The good news is that one can reduce home insurance premiums without necessarily sacrificing the cover that you get.

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Unlocking a Smart Home Insurance Discount: How Your Gadgets Can Lower Your Premiums

TGS

TGS Insurance » Blog Unlocking a Smart Home Insurance Discount: How Your Gadgets Can Lower Your Premiums If you’ve recently dipped a toe into the world of smart home technology, you’re likely familiar with the benefits of convenience. Yes, you read that right.

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What is a Loss History Report?

TGS

What if that charming house has a history of costly water damage, roof issues, or even fire damage? This is where a loss history report comes inits like a propertys report card for past insurance claims. A loss history report provides a record of insurance claims filed on a property, typically over the past five to seven years.

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Tips for Buying Home Insurance

Bankers Insurance

TIPS FOR BUYING HOME INSURANCE For millions of Americans, home insurance remains an essential financial safeguard. The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. 3 or 5 years).