Live Insurance News

Insurance companies want Marshall fire victims in Colorado to contact them now

January 5, 2022January 4, 2022 G. Turner

The insurers recommend that evacuees call them right away for support with living expenses. Approximately 30,00 people have been evacuated due to the Marshall fire in Boulder County, Colorado, and insurance companies are recommending that they contact them as soon as they can to obtain available support. Around one thousand homes are believed to have been lost as a result of the massive blaze. Though the final tally of affected homes or even of evacuees has yet to be counted, the fast-moving Marshall fire has forced thousands out of their…

Commissioner Lara doesn’t want easier rate changes for home insurance companies

June 19, 2020June 17, 2020 Nordstrom

Home insurance companies - home, money, calculator

The California Insurance Commissioner is siding with consumer activists to halt legislation. California Insurance Commissioner Ricardo Lara is taking the side of consumer activists in an effort to stop a bill that would make it faster and easier for home insurance companies to change their rates. AB 2167 passed the state Assembly on Monday by a vote of 56-3. That said, the bill’s opponents say that this would set the stage for home insurance companies to impose substantial premiums spikes for homeowners in parts of the state hardest hit by…

Smart Technology and the Home of the Future

November 29, 2019November 28, 2019 Guest Author

The use of smart technology has already been a jump forward in domestic technology. Look back 100 years and there was very little technology in the home, whereas now the average home has technology products which allow them to communicate with people across the world, wash dishes and clothes not by hand, heat up food within minutes, watch video streams and content from millions of sources, and listen to digital music which isn’t owned. However, while these technologies are commonplace, smart technology isn’t yet being adopted by the masses, like…

Homeowners insurance customers are more satisfied than ever, says J.D. Power

September 20, 2018September 19, 2018 Nordstrom

Home Insurance Customers - Home In hands

A new survey showed policyholders are happier than ever before with their home insurers. Satisfaction among homeowners insurance customers is higher than it has ever been before, according to a new J.D. Power survey. The “U.S. Home Insurance Study” results show the highest scores in the survey’s history. The results of the U.S. Home Insurance Study from J.D. Power were the highest ever. On a scale of 1,000 points, the 2018 study recorded an 818, among homeowners insurance customers. This represents an increase of 10 points over the 2017 results.…

Protect the Contents of your Home with Proper Insurance

January 9, 2013April 14, 2014 Guest Author

So many home buyers focus on selecting the right dwelling coverage that they often overlook the importance of choosing a homeowners insurance policy with adequate contents coverage. A home insurance policy providers dwelling coverage, liability coverage, and contents coverage designed to pay for your personal belongings if they are stolen, damaged, or destroyed. If you are not sure what to look for in terms of contents insurance when you are building a home insurance policy, read on and learn how to choose the right policy with the proper coverage limits…

Homeowners should expect their insurance rates to rise

January 22, 2012January 22, 2012 Nordstrom

Many of the largest homeowners insurance providers in the country, including Travelers, Allstate, and State Farm, will be increasing their rates this year following losses in 2011 that were far greater than had been predicted by the industry. The second biggest homeowners insurance company in the United States, Allstate, has already announced that it will be boosting its rates by 5.6 percent between now and September 30, 2012. They have also indicated that policyholders should expect other increases, as well. Travelers has also discussed the increases that will be experienced…