Remove Policyholder Remove Premium Remove Property Damage
article thumbnail

Built to Code—Not to Carrier Convenience. OID Has to Step in to Remind Insurers to Do the Right Thing

Property Insurance Coverage Law

In the wake of property damage, whether caused by wind, fire, or storm, policyholders rightly expect their insurance to cover the cost of restoring their home or business to its proper condition.

article thumbnail

New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Tort reform is discussed as a legislative solution to the challenge of legal system abuse excessive policyholder or plaintiff attorney practices that increase costs and time to settle insurance claims. At least 38 of those events happened in the last five years, with 14 in 2023.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Best Homeowners Insurance In Maryland To Cover Your Home

Simply Insurance

They offer various discounts, including multi-policy discounts, that can save you money on your premium. Loss Of Use (also called Additional Living Expenses - ALE) Loss of use coverage means that if something happens to your home and you cannot live there because of the damage, your insurance company will reimburse your living costs.

article thumbnail

Best Homeowners Insurance In Illinois To Cover Your Home

Simply Insurance

They offer various discounts, including multi-policy discounts, that can save you money on your premium. Loss Of Use (also called Additional Living Expenses - ALE) Loss of use coverage means that if something happens to your home and you cannot live there because of the damage, your insurance company will reimburse your living costs.

article thumbnail

Landlord Insurance in Ohio: Get a Quote from Distinguished

Distinguished

Winter brings heavy snowfall and cold temperatures, and with it, ice dams and frozen pipes, which can cause significant property damage.  of all properties in Columbus alone face the risk of severe flooding over the next 30 years, while wind events from severe storms affect nearly all properties to some degree.

article thumbnail

Best Homeowners Insurance In Arizona To Cover Your Home!

Simply Insurance

They offer various discounts, including multi-policy discounts, that can save you money on your premium. Loss Of Use (also called Additional Living Expenses - ALE) Loss of use coverage means that if something happens to your home and you cannot live there because of the damage, your insurance company will reimburse your living costs.

article thumbnail

Best Homeowners Insurance In Arkansas To Cover Your Home!

Simply Insurance

They offer various discounts, including multi-policy discounts, that can save you money on your premium. Loss Of Use (also called Additional Living Expenses - ALE) Loss of use coverage means that if something happens to your home and you cannot live there because of the damage, your insurance company will reimburse your living costs.