InsuranceThought — Blogs About Insurance

Tornado Season is Upon Us – Be Prepared By Making Sure Your Insurance Will Provide You Coverage

As we quickly move into tornado season, the Property Casualty Insurers Association of America (PCI) is encouraging all homeowners, business owners, and renters to review the coverage they carry and get in touch with an agent or their insurance company to discuss any additional coverage they may need.
Tornado season begins in the months of March [...]

Flood Safety Awareness Week – Be Sure You Have Adequate Insurance Coverage This Spring

This is national Flood Safety Awareness Week, a week during which individuals should be made aware of the dangers of the most deadly type of weather there is – an average of 100 lives are taken annually by floods.
This year, it is important to be sure you are covered with homeowner’s flood insurance if your [...]

Mortgage Insurance Restrictions Loosen as Economy Begins to Recover

The sun may finally be coming up on the mortgage insurance horizon after a long, dark night during which mortgage insurance all but evaporated for coverage of loans above 80% loan to value (LTV).
In an effort to escape continuing problems by hurtling down the slippery slope of the housing market, mortgage insurers actually further crippled [...]

Young Adults Who Live With Their Parents Must Be Sure They Have Proper Insurance Coverage

Like so many things, individuals’ insurance needs have changed in the face of the current down-turned economy. Young adults and new college graduates have so few options, with such a limited number of job opportunities, that many are finding themselves back at home with Mom and Dad, perhaps believing that despite not having a job, [...]

Some Insurance Companies Engage in a Practice Known as “Bad Faith”

Although the point of paying expensive insurance premiums every month is obviously to keep ourselves protected should we fall ill or become injured, insurance companies, unfortunately will likely try to find an excuse not to pay a claim if and when you do need to make one. If your insurance company tries to wriggle its [...]

Whether You’re Shopping for Auto Insurance or Health Insurance, There Are Things You May Not Know

When you’re shopping for insurance, it’s important to know as much as possible in order to compare quotes and find the best insurance for the best price based on your specific needs. The National Association of Insurance Commissioners (NAIC) commissioned a survey to find out the extent of Americans’ knowledge on the subject; their findings [...]

Standard Homeowners Policies Do Not Include Earthquake Insurance – What You May Need to Know

If you are shopping for or updating your homeowners insurance, you need to be aware that, while standard policies will cover natural disasters such as fire, hail, and lightning in addition to burglary and theft, most companies require the purchase of a separate policy to cover any damage your home may sustain in an earthquake.
[...]

Reasons You Need Flood Insurance in Addition to Your Basic Homeowners Insurance Policy

If you have homeowners insurance, your coverage likely provides provisions for certain types of water damage; flood damage, however, is not covered. Flood insurance coverage must be purchased with a separate policy.
Definition of Water Damage:
Water damage is damage that occurs prior to water touching the ground, for example:

Broken pipes
Breaking [...]

A Variety of Homeowners Insurance – Get the Coverage You Need

If you are a homeowner, it is likely that your single largest investment is your home. Protecting it from theft or disaster with insurance is crucial and should be one of your highest priorities. Purchasing homeowners insurance will give you the peace of mind that comes from knowing you are prepared should an unexpected situation [...]

How to Choose the Best Provider for Your Insurance Needs

When you purchase insurance, whether it be auto, health, home, renters or life, choosing the right provider should be a major part of your decision-making process. You should remember that cost alone should not be the only deciding factor of who to buy your insurance from. Whichever provider you decide upon, your agent should help [...]