Insurance
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Blog
What Homeowners Insurance Actually Covers (and How Much You Should Have)
While Los Angeles County continues to battle devastating wildfires, you may be wondering about the safety of your own home. More specifically, how are you covered when the unthinkable happens? Unfortunately, insurance doesn’t function like a gas or electric company; even in the face of disaster, insurers aren’t obligated to service your home. And while homeowners insurance isn’t legally mandated,…
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45 million Americans allegedly had their location data collected and sold by this top insurance firm
If you’re asked to enable location data after downloading an app, there’s a good chance your whereabouts are being tracked. However, what happens when a company collects this data and then sells it? According to a new lawsuit from Texas Attorney General Ken Paxton, insurance company Allstate allegedly did exactly that when it unlawfully collected, used and sold data on…
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Here’s What You Should Do If Your Insurance Company Drops Your Fire (or Flood) Coverage
Currently Los Angeles County suffers from apocalyptic scenes of deadly, uncontained wildfires. Unfortunately, insurance doesn’t function like a gas or electric company; even in the face of disaster, insurers aren’t obligated to service your home. Instead, these companies can choose which properties they’re willing to insure based on their risk assessment models. This selective coverage has become increasingly common in…
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How to File an Insurance Claim After a Wildfire
The first step is to get in touch with your insurer or the agent who sold you your homeowners insurance. The insurance company will assign an adjuster, who will assess the damage and submit an estimate for review. The amount you’re paid will depend on the kind of coverage you have. Though “replacement cost” coverage should cover the cost of repairing…
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When to Buy Supplemental Health Insurance
There is likely no subject less exciting or more aggravating than health insurance. The entire experience is frustrating for most people: Navigating plans is confusing, everything seems really expensive, and when you make claims you often get blank denials that explain nothing and give you few options for appeal or further information. All that being said, most people assume that…
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Florida insurance industry attorney notifies 10K+ people of data breach
Bronstein & Carmona, a Fort Lauderdale law firm that defends auto insurance companies, over the weekend confirmed it notified 10,792 people about a February 2024 data breach. The attorney did not publicly disclose what information was compromised. It is offering eligible victims free credit monitoring and identity theft insurance, which implies the data contained Social Security numbers and/or other information…
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What to Do If Homeowners Insurance Is Canceled
If your home has a mortgage, your bank requires you to carry some type of homeowners insurance, and you don’t want it to lapse for any reason, says CFA’s Heller. If it does, the bank will step in and assign a type of policy (called “forced place”) that will cost you about twice as much as regular homeowners insurance, but…
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Why Home Insurance Costs So Much—and How to Pay Less
If you want to hunt down the best value for your insurance dollar, comparison shopping is a good way to start. Companies’ judgments of you and your property won’t be identical, so you may get a more favorable price from one company than from another. Just make sure you’re comparing coverage apples to apples. Switching insurers is fairly common. Twenty-one…
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Insurance admin Landmark says data breach impacts 800,000 people
Insurance administrative services company Landmark Admin warns that a data breach impacts over 800,000 people from a May cyberattack. Landmark Admin is a third-party administrator for insurance companies, offering back-office services like new business processing and claims administration for large insurance carriers. Some insurance carriers working with Landmark Admin include American Monumental Life Insurance Company, Pellerin Life Insurance Company, American Benefit Life…
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Why You Need to File Your Homeowners Insurance Claim ASAP After a Disaster
In the aftermath of a disaster, especially one that has caused significant damage to your property and community, the prospect of dealing with your homeowners insurance may seem overwhelming. However, once you and your family are safe, you’ll want to begin working with your insurance company as quickly as possible to avoid delays in the approval, processing, and payout of…
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