WEST PALM BEACH, Fla. — Since the Florida state legislative session in May, little has changed in homeowners insurance premiums lowering. Since January, up to 400,000 homeowners in Florida have been dropped by their insurance carrier or have received non-renewal letters. Also, 275,000 homeowners had to find a new insurance carrier because their companies went insolvent, unable to pay their debts. This could reveal more companies on the brink of insolvency, adding to what's being described as a homeowners insurance crisis in Florida. Helen Kruger of Stuart, Florida, said she was "floored" by the increase in her home insurance costs this year, even calling her provider to see if it was a...
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The median age of first-time home buyers has increased to 33 years, the oldest age on record since the National Association of Realtors began tracking this data in 1981. What’s that mean for home insurers? The battle to drive lifetime value in home insurance customer relationships now hinges on the ability to capture new customers as early as possible by converting renter insureds to homeowner insureds. According to the J.D. Power 2020 U.S. Home Insurance Study, released today, the key to building that long-term relationship with homeowners has less to do with low price and more to do with great service and reputation. “Homeowners insurance customers are the single-most-valuable group of...
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TRENTON – Thinking about filing a homeowners insurance claim for storm related damage? The Department of Banking and Insurance is providing some guidance to Morristown residents that suffered property damage caused by Tropical Storm Isaias. “Tropical Storm Isaias caused widespread damage throughout the state. Homeowners who have suffered property damage due to the storm should know that they can file a claim with their homeowners insurance company. We also want homeowners to know that if they have an issue or concern related to their insurance claim, they can contact the department for help,” said Commissioner Marlene Caride. Caride offered the following information:...
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Home Warranty vs. Homeowners Insurance © 10'000 Hours/Getty Images A black lady sits in her living room working on her laptop. When you buy a new home, you want to do everything you can to protect it. Fortunately, you have options to safeguard your property. But which protections are right for you? To help you decide, we're going to compare two of the top tools people use to keep their home safe and functioning: a home warranty vs. home insurance. As personal finance expert Laura Adams explains, "It’s critical to understand what’s covered by a home warranty vs. home insurance." Is a home warranty the same as home insurance? No. Homeowners insurance is - as its name suggests - an...
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Homeowners Insurance Market research Report is an inestimable supply of perceptive information for business strategists. This Homeowners Insurance Market study provides comprehensive data which enlarge the understanding, scope and application of this report. A specific study of competitive landscape of the global Homeowners Insurance Market has granted, providing insights into the corporate profiles, financial standing, recent developments, mergers and acquisitions, and therefore the SWOT analysis. This analysis report will provides a transparent program to readers concern regarding the overall market situation to further choose on this market projects. The Homeowners Insurance Market...
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Homeowners & Car Insurance- Axcess Insurance Group Your Source for Homeowners and Car Insurance in North Salt Lake City and Ogden, UT and Beyond Welcome to Axcess Insurance Group Axcess Insurance Group is a family-owned and operated insurance agency serving Salt Lake City and surrounding areas. Based out of North Salt Lake City and Ogden, UT, we’ve delivered quality insurance and risk management solutions to families and businesses since 2007 and commit ourselves to continuously meeting the needs of our clients and neighbors. Our Products We provide individuals and families with quality home and auto packages or life insurance, keeping them protected as they go about their...
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Property insurance is a smart, convenient way to help take care of the place that provides shelter and peace of mind. Is Home Insurance Necessary? Yes it is! All to often people think that home insurance is unnecessary because they don’t believe they will need it; however, is it a risk you can afford to take? If the worst were to happen and your home and its contents destroyed or badly damaged due to theft, hurricane, flood or fire, then a home insurance policy is there to save you from financial ruin. It is said that one in three of us will be burgled at some point in our lives yet one in four of us still do not have an adequate home insurance policy. If the worst were to happen and your...
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Do you remember The Jetsons? If so, here’s a pop fact that will surely blow your mind: right now, in 2020, we are closer to the year in which the popular show is set (2062) than we are to when it first premiered on television (1962). Those of us who grew up watching this show were entertained by the future prospect of flying cars and robot housekeepers. And while we still have 42 years to make the dream of flying cars for everyone come true, we’re already seeing household appliances that can be operated by voice or via a phone app. The smart home of the future is already here. The Internet of Things (IoT) is fueling a growing appetite for smart devices to help us manage our daily lives, and...
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Headquartered in Birmingham, Alabama, Infinity Insurance was a national provider of car insurance. When it was founded in 1955, it was known as Dixie Insurance in Aniston, Alabama. It expanded quickly in the South and was eventually known as Infinity. Company Overview The company was acquired by Pennsylvania Company in 1991, which is American Premier Underwriters’ sister company. Pennsylvania company then merged with American Financial Corporation to build the American Financial Group. However, American Financial Group sold off all their stock to the new Infinity Insurance, making Infinity independent again. According to Infinity’s website, they have built a reputation as...
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Homeowners insurance protects your financial interests if your home is damaged or destroyed by a covered peril. A peril is something that causes or may cause injury, loss, or destruction, such as a fire, tornado, or hurricane. Although we have tried to give you a brief overview of the coverage found in your homeowners policy, insurance policies vary between insurers so you should always take the time to review the coverage included in your own policy to make sure you have the coverage you need. It’s too late to obtain additional coverage after a loss has occurred. There are many different types of homeowners insurance policies available. Normally, the type of policy coincides with the type...
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