Fire Insurance

Fire Insurance
A fire insurance policy involves an insurance company agreeing to pay a certain amount equivalent to the estimated loss caused by fire to the insured, within the time specified in the contract. The indemnity is subject to change depending upon the policy. One should confirm with the insurer about the types of risks covered, [...]

Fire Insurance

Fire Insurance
A fire insurance policy involves an insurance company agreeing to pay a certain amount equivalent to the estimated loss caused by fire to the insured, within the time specified in the contract. The indemnity is subject to change depending upon the policy. One should confirm with the insurer about the types of risks covered, [...]

Insurance Companies to Disclose Climate Change Risk

US insurance regulating body, National Association of Insurance Commissioners (NAIC), now demands insurance companies to disclose how climate change will affect them. NAIC is aware of the huge risk that environment change entails, however it lacks information of how the insurance industry is planning to respond. Concerns are the availability and affordability of [...]

Assistance for Victims of California Fires

“We hope these fires are contained quickly and with little damage” says the Farmers Insurance Claims Team which is assisting victims of the Californian fires.
Farmers Insurance advises its customers suffering damage from the Stockton, Indians Wildlands, Sacramento, Oroville, and Lafayette wildfires to immediately contact Farmers’ 24 hour claims hotline, 800-HelpPoint (1-800-435-7764) for immediate assistance.

“We [...]

Wildfire victims get OK to rebuild elsewhere with insurance money

“Wildfire victims can use their insurance money to buy or rebuild burned-out homes at a new location, according to a legal opinion released Monday by the California Department of Insurance and stemming from last fall’s devastating San Diego County conflagrations.
“Homeowners should know they have legally protected options when putting their lives back together during a [...]

Floods, Earthquakes and Fires: Secure vs. Insure

Pamela Stevens
Natural and unnatural disasters affect everyone. Some areas of the United States are so prone to natural disturbances that many private insurance companies will not offer coverage. For example, most homeowners insurance will not cover damage caused by floods or earthquakes, and few will cover forest fires if your property is in an undeveloped [...]