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Can’t Cover Your Home Insurance Deductible? New Disaster Insurance Could Help | Insurify

A new kind of disaster insurance is emerging to help homeowners stay afloat financially until their home insurance claim comes through following a disaster. Financial well-being is declining, and more than half of American homeowners don’t have close to enough savings to cover high insurance deductibles. Insurers are

Louisiana Insurance Reform Allows Insurers to Raise Rates Before State Approves Hikes | Insurify

Home and auto insurers in Louisiana can now raise rates prior to approval by state regulators, thanks to a quartet of new laws designed to address the state’s ongoing insurance crisis. The bills also allow home insurers to drop up to 5% of their homeowners insurance policies in the

Home Insurance Rates Set to Jump 10% for Texans on State’s FAIR Plan | Insurify

Texans who get their homeowners insurance through the state’s insurer of last resort will see their premiums increase this year. Texas Commissioner of Insurance Cassie Brown’s office approved a 10% increase for the Texas’s Fair Access to Insurance Requirements (FAIR) Plan. The rate increase will take effect

Relief in Sight? 9 Home Insurers Cut Rates in Florida | Insurify

Florida homeowners who’ve been struggling with the volatile insurance market may be seeing a light at the end of the tunnel. So far this year, nine homeowners insurance companies have filed for rate decreases in Florida, and 10 have filed to keep their rates unchanged in 2024, according to

Does Homeowners Insurance Cover Fourth of July Fireworks Damage? | Insurify

Fireworks caused an estimated 12,264 fires in 2021, including 2,082 structure fires and 316 vehicle fires, according to the National Fire Protection Association (NFPA). Despite the risks, Americans love setting off fireworks. Consumers spent $2.2 billion on 246.5 million pounds of fireworks in 2023, the American

Maryland Increases Fines for Uninsured Drivers | Insurify

Maryland drivers will soon face steep penalties for driving without the state’s minimum required auto insurance. As of July 1, a 30-day lapse in coverage will cost drivers $200. Each additional day a driver goes without insurance will cost another $7 — up to $3,500. “These new laws

Texas Says Insurers Must Drop Drivers Who Obstruct Liability Claims | Insurify

Texas auto insurers can now decide when a policyholder hasn’t cooperated with the company’s investigation, settlement, or defense of a liability claim — and drop the driver when their policy comes up for renewal. After giving drivers written notice and 10 days in which to cooperate, insurers must now