InsuranceYak.comDog Liability and Homeowners Insurance
Insurance companies have paid particular interest to dogs in recent years and have worked at field underwriting all Homeowners and Renter’s policies for dog exposures. Their main focus is to eliminate exposure to severe losses. In 2002, dog-bite claims cost insurers almost $350 million, and accounted for a full fourth (1/4) of […]
Q & A on Hail damage:
Q: A hail storm went through my neighborhood. Most of my neighbors have gotten new roofs. I received a denial letter along with a check for $300 to repair damaged fascia. What’s the deal? Should I call a roofer? A lawyer? The state insurance commissioner? What gives?
A: First, just […]
Good article today on MSN about claims that boost your insurance rates.
I would agree the two homeowner claims that get the most attention from an insurance company are:
Dog bites
Water damage
I would add number three: Fire claims.
With all issues, insurers are trying to anticipate future problems. Did you address what caused the claim to begin […]
Q –Who insures old buildings? We have purchased a building constructed in the 1880s and all insurance companies seem to be terrified of the structure. Most won’t insure anything over 75 years old. We are setting up a ceramics studio on the ground floor and will be living on the second and third floors. We […]
One of the great mysteries of the property insurance world is replacement cost. During my agent days, I was frequently asked to insure property and determine a replacement value of someones house. Talk about conflicts, here’s what I’m up against: I’ve got a homeowner who doesn’t want to pay anything for house insurance, a mortgage […]
Q - How do I find an insurance company to cover my home rehab projects?
A - You’ve got a few options; if we’re talking residential houses (1-4 units) go to Foremost.com and do an agent search; Foremost will do vacant property in rehab up to two years. The agent who handles your P&C may have […]
I’ll cover the basics of Dwelling coverage on rental property (property that’s not owner occupied). This applies to residential property with 1 - 4 units and no commercial exposure (no apartments on top of stores or houses used for a public access business). This does not apply to commercial coverage.
A standard policy has four parts:
Declarations […]
This is a continuation of the FAQ sections of this blog.
Q: A big expensive repair need to be done to my house, will my homeowners insurance cover it?
A: Homeowners insurance covers
The Times-Picayune has published the results from a Louisiana market conduct exam outlining the troubles Citizens Property Insurance Corp. (the states third largest insurer) had in paying Katrina claims in 2005. The Louisiana Department of Insurance selected Citizens for an exam because it had the highest ratio of complaints to market-share of any company in […]
Hartford Insurance, sold far and wide through AARP in Florida told the Florida Senate Select Committee on Property Insurance Accountability they will start to non-renew 27,000 homeowners policies beginning August 2008.
Tom Johnston, senior vice president and chief actuary for the Hartford Group spoke on behalf of the insurer Tuesday (02/05) in Tallahassee, representing one of […]
January 6, 2009 
