Hundreds of insurers compete for the U.S. home insurance market, but a select group of providers specializes in the high-value market catering to high-net-worth households. Off-the-shelf products from broad-market insurers can miss key risks for affluent families....
When it comes to living on an island, the possibility of flooding is an everyday fact of life. That being said, having adequate coverage – especially if you live along Long Island’s many shore-based communities – is vital. But having any old policy just isn’t enough,...
Unless you're rich and you could easily afford rebuilding your property in the event it's completely destroyed, you should never let your homeowner's insurance lapse. If you do, then you won't be financially protected anymore if your home is damaged. Furthermore,...
Just like creditors use credit scores, insurance companies will use them as well in order to learn more about the risks associated with providing insurance coverage for their applicants. There are quite a few factors that go into insurance scoring models and some of...
On April 1st, 2015, the Homeowner Flood Insurance Affordability Act (HFIAA) made the first round of changes and only 1 year after that, more changes were to follow. The changes took place on April 1st, 2016 and they'll undoubtedly affect anyone who purchased a Flood...
In general, insurance agents advise people that it's a good idea to get as much homeowners insurance coverage as possible in order to cover the replacement of their property. On top of that there are also many insurance companies out there that require people to have...
If a tree falls down, then the first question you'll ask yourself is who is going to take care of removing it, clean up and pay for any potential repairs. Well, in this case, the truth is that this depends on quite a few factors. First of all, it's important that you...
It's true that owning a home comes with a wide range of advantages, but also liabilities, including the fact that you're going to be personally responsible for any accident that occurs on your property. The majority of homeowners insurance policies include personal...
Water damage is probably the number one reason why the majority of people file claims on their home insurance. Flooded basements, leaky appliances, and burst pipes generally lead people to learn more about how their home insurance policies can help them pay for the...