Remove Personal Property Remove Policy Remove Risk
article thumbnail

Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

The Court considered whether the Plaintiffs’ loss was caused by theft or vandalism, as neither term was defined in the policy. In Cheung, the Plaintiffs, who resided in California, purchased property in scenic Mount Vernon, Washington, in July 2021, and insured the property through a policy of insurance issued by Allstate.

Theft 130
article thumbnail

The California Wildfires - What Impact Will They Have On Florida Insurance?

Wren Insurance Agency

The good news is that, according to Mark Frielander with the Insurance Information Institute (video interview link here: Could California wildfires impact Florida home insurance rates? ), carriers assume their own risks in each state and have different subsidiaries as a result.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Home Renovations Can Affect Your Homeowners Insurance Policy

TGS

When taking on new home renovations, your homeowners insurance policy might not be the first thing on your mind. Whether it’s a big project involving reconstruction of part of your home, or a small project that will increase the value of your home or personal property, your renovation will affect your homeowners insurance.

article thumbnail

The Insurance Industry Faces Growing Wildfire Risk in California

American Agents Alliance

The recent Eaton and Palisades fires in the greater Los Angeles area are evidence of the increasingly prevalent wildfire risk in California. In addition to helping with remediation and claims efforts, there are larger opportunities to help foster resilience in local communities in the face of increasing wildfire risk.

article thumbnail

Why Regular Home Insurance Policy Reviews Are Essential 

Freeway Insurance

Once you purchase your first house and set up a homeowners insurance policy , you may think that your insurance needs will be taken care of for as long as you own the house. However, reviewing your home insurance policy on a regular basis is essential if you want to fully protect your property.

article thumbnail

Does Homeowners Insurance Cover Collectibles? 

Distinguished

However, the very qualities that make collectibles so precious also expose them to unique risks. Unfortunately, these unique risks are rarely appropriately covered by standard homeowner insurance policies. For most, this will mean a collectibles policy. Does Homeowners Insurance Typically Cover Art or Collectibles?

Insurer 52
article thumbnail

Why Finding Homeowners Insurance in California is So Challenging in 2024:

Jackson & Jackson

The increasing frequency and severity of natural disasters in recent years have made insurance companies more hesitant to take on the risks associated with insuring California homeowners. The state’s dry climate and strong winds create ideal conditions for wildfires to spread rapidly, putting homes at risk of destruction.

Insurer 52