Tag: winter insurance claims

State Farm publishes list of 10 states with highest frozen pipe losses

Nordstrom
Frozen pipe losses - pipe frozen with icicles

Water pipes can freeze in parts of the country known for very cold weather, but not always. State Farm Insurance has released a top 10 list of the states most affected by frozen pipe losses. It is serving as a stark reminder that it’s not just the parts of the US known for the coldest weather that can be affected by this costly damage. Homes with both copper and plastic water pipes can suffer from damage from freezing and bursting. Frozen pipe losses aren’t as simple to repair and clean…

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Frozen pipe insurance claims are highest in Illinois once again

H. Cutner
Frozen pipe insurance claims - Frozen Pipe -Ice

For the second year in a row, the state has suffered the most claims for burst plumbing from freezing. State Farm Insurance has released its data regarding frozen pipe insurance claims and has, once more, placed Illinois at the top of the list. That said, the state’s position at the top isn’t a coveted one. The reason is that it is for having filed the most claims filed regarding burst pipes due to freezing weather. The insurer has taken the opportunity to share its stats and advice for home and…

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Top Snowmobile Season Preparedness Tips to Avoid Insurance Claims

Logan B.
Snowmobile Season - Snowmobile

Riders are eager to get on their favorite winter recreational vehicles, but a bit of care is needed. Early snow this year has already made it possible for certain parts of the country to start thinking about snowmobile season. It won’t be long before snowmobilers hit the trails. To be ready as soon as it’s possible to head out, it’s a good idea to prepare in advance. Heading out for snowmobile season isn’t just a matter of getting the machines out of storage and hitting the trails. Certain preparations need…

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Insurance claims spike following intense winter weather

H. Cutner
Winter Storms insurance claims

From flooded basements to burst frozen pipes and damage to vehicles, insurers have been kept busy. The wild weather this winter has caused an influx in insurance claims as well as calls to contractors and repair companies as everyone from homeowners to vehicle owners have been facing damage as a result of various issues relating to the extreme conditions. From the heavy snowfalls and the extremely low temperatures to the sudden thaws, filings are way up. Insurers have been reporting that insurance claims have experienced a significant increase over the…

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Homeowners insurance coverage confusion regarding power failures

Julie Campbell
New York power outage from Hurricane Sandy- Homeowners Insurance fraud Coverage

Following Hurricane Sandy, many people would like to know if they are covered when the lights go out. Typically, a power outage causes a minor level of inconvenience – especially at home – but when a storm such as Hurricane Sandy strikes, many people wonder if the losses that can occur from those events are covered by their homeowners insurance policies. After a certain number of hours, it is no longer a matter of simply not being able to watch TV. For example, when power failures occur in the dead…

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Homeowners insurance is greatly misunderstood by many UK policyholders

Marc
Homeowners Insurance and Storm Damage

These customers face high risks as the harsh winter weather approaches. Now that the potentially damaging winter weather is getting closer, the risk associated with letting homeowners insurance go unpaid has increased significantly, but this hasn’t stopped many United Kingdom customers from doing so. A recent study has shown that sixty percent of policyholders do not understand their storm coverage. This research was conducted by Onepoll in September 2012 and involved the participation of 2000 U.K. homeowners insurance customers. What was determined was that these policyholders had a large number…

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Homeowners insurance industry is hoping early signs of cold will serve as a reminder

homeowners insurance information institute winter snow ice

The time has come for winter proofing homes and properties to help prevent damage. Though the majority of damage caused by winter storms is covered by homeowners insurance, it is highly recommended that efforts be taken to help protect the home against harm from frost, freezing, snow, wind, and other problems throughout the colder season. Some areas of the country have already experienced weather advisories for frost and freezing temperatures. Though these signs of winter are still very early, they are an important signal of how close the season truly…

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