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Homeowners

Customer Satisfaction with Home Insurers

Customer satisfaction with homeowners insurance companies this year is up from 2010, but still remains below levels achieved in 2009. Overall satisfaction with homeowners insurance companies averages 769 in 2011—improving by 19 points from 2010, according to the J.D. Power and Associates 2011 U.S. National Homeowners Insurance Study. The study examines five factors: – policy offerings; – price; – billing and payment; – interaction; – claims. While satisfaction has improved in all five factors from 2010, the greatest gain occurs in the interaction factor. Want to get a quote for your Homeowners’ Insurance? Visit our website or call 877-239-0067.

Love your neighbor, Help your neighbor

State Farm and consumer research firm Harris Interactive surveyed more than 17,000 people about the state of American neighbors and found that 83% are willing to help a neighbor having financial problems. Every second person said that neighbors affect his or her happiness! Here is a brief summary of our staff advise on how to get closer with your neighbor and develop human mutual aid companionship: – Do your best to know at least a fair amount of your neighbors by name – If needed help a neighbor look for a job – If needed cook meals for neighbors –… Read More »Love your neighbor, Help your neighbor

Barbeque Safety: At Home and On the Road

Eighty-one million Americans have taken part in a barbecue during the last year. Many of them were in celebration of Independence Day. Whether you’re hosting a party or attending one, be sure to be safe when using the grill and handling food. Keep your grill, your home, and your loved ones safe by following these recommendations from the U.S. Fire Administration: Position the grill well away from siding and deck railings and out from under eaves and overhanging branches. Place the grill a safe distance from lawn games, play areas, and foot traffic. Keep children and pets away from the… Read More »Barbeque Safety: At Home and On the Road

Keep jewelry OFF the Homeowners policy, here’s why..

If jewelry is on HO: The impact of a jewelry claim is serious! Jewelry loss counts as HO loss. Jewelry losses hit CLUE and PILR reports. Client loses homeowners’ “claim free” rating. HO policy is difficult to re-market after a loss. “Mysterious disappearance” claims, in particular, are red flags. HO policies have capacity limitations. Many HO carriers will not cover higher-value jewelry. HO policies will not list non-family members with “insurable interest.” NOTE: 70% OF PERSONAL PROPERTY THEFT LOSSES ARE JEWELRY Want to get a quote for your Homeowners’ Insurance? Visit our website or call 877-239-0067.

Property Insurance Reform in Florida

Homeowners’ insurers in Florida are breathing a sigh of relief after succeeding in a months-long battle to obtain property insurance reforms designed to reduce costs and stabilize the market. After watching state lawmakers refuse to rewrite the state’s no-fault automobile injury law and leave by the wayside a plan to revamp the state-run property insurer Citizens Property Insurance Corp., the industry found itself in the last week of the session betting all of its chips on the property bill, hoping that the “most business friendly” legislature in decades would finally deliver. In the closing days of Florida’s legislative session, lawmakers… Read More »Property Insurance Reform in Florida

“Your Work” Exclusion on CGL Policy

Insurance isn’t a warranty. It doesn’t replace faulty work or products, but it does cover the Bodily Injury (BI) and Property Damage (PD) caused by the faulty work or product. The exclusion of faulty work often referred to as “your work”. One of the most contested provisions of the commercial general liability (CGL) policy is the provision excluding coverage for property damage to the insured’s completed work. In 1986 Insurance Services Office, Inc. (ISO), revised the standard CGL policy form to include an exception to this exclusion if a subcontractor performed the work for the insured. This revision has become… Read More »“Your Work” Exclusion on CGL Policy

Study: Most Know Little About Their Homeowners Policy

More than half of homeowners say they know very little about their home insurance policies and coverages, according to a survey by HomeInsurance.com. Some 54 percent of all homeowners surveyed admitted to knowing, “not much at all” about their homeowners policies. “The reason people need to understand their homeowners insurance is because it’s the only way to know if you have the right amount of insurance and the right type of insurance,” said Carolyn Gorman, vice president of the Insurance Information Institute. Some of the most dangerous aspects homeowners often ignore on their policies are: replacement value, deductibles and covered… Read More »Study: Most Know Little About Their Homeowners Policy

Homeowners Not Liable for Tree Trimmer’s Death

A homeowner is not vicariously criminally liable for the misdemeanor acts of a tree trimmer, the California Supreme Court decided. According to Maria Dolores Ramirez V. Thomas Nelson, a worker for an unlicensed contractor hired by homeowners Thomas and Vivian Nelson to trim trees at their residence was electrocuted when his polesaw came in contact with an overhead high voltage line. The Nelsons had contracted Julian Rodriguez Landscape and Tree Service to “top” and trim several trees in their backyard. On Feb. 14, 2002, Rodriguez arrived at the Nelson’s home with four men, including Luis Flores, to trim the trees.… Read More »Homeowners Not Liable for Tree Trimmer’s Death

Green Homeowners Policy in California

Calfornia’s Department of Insurance has approved the first green homeowners insurance policy in California, offered by Fireman’s Fund Insurance Co. This coverage approved by Commissioner Poizner will be available August 1, and will enable California homeowners with conventional homes to rebuild to the latest environmental standards after a loss. The newly-approved policy will provide coverage for costs typically not covered in traditional homeowners policies, like green recertification fees and other additional expenses environmentally-conscious homeowners may incur when rebuilding. Covered homes may rebuild following Leadership in Environmental and Energy Design (LEED) standards set by the U.S. Green Building Council. The policy… Read More »Green Homeowners Policy in California