Tag: Alabama homeowners insurance

Homeowners insurance rates could fall following new rating from fire department

mobile alabama mayor samuel jones homeowners insurance

Some residents of Mobile, Alabama may find that new safety scores could bring their premiums down. Local fire departments are playing a new role for homeowners insurance customers in Mobile, Alabama, in that the safety ratings that they have been issuing are making it possible for those policyholders to save money on their premiums. An increase in fire stations and firefighters, among other factors, are converting into coverage savings. Alabama homeowners insurance customers are experiencing a faster response time due to many factors, including a raise in the number of…

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April tornados cause more than $2.2 billion in damage, according to Alabama insurance officials

Julie Campbell

The Alabama Department of Insurance has released the latest numbers concerning insured losses from the tornado outbreak in April of last year. A series of devastating tornados hit the state in late April, causing large amounts of damage to homes, businesses, automobiles and claiming a number of lives. The latest estimates of damage do not account for the claims paid through surplus insurance lines from companies like Lloyd’s of London. The estimates only concern insurance payouts that come from insurers regulated by the state. According to the Department of Insurance,…

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