Homeowners Insurance Claims /Cooking Fires Reach #1

Homeowners Insurance ClaimsPost Date February 8, 2014 – A recent Nationwide Homeowners Insurance Claims Study shows cooking fires cause the majority of homeowners insurance claims.  These homeowners Insurance claims are among the most frequent and most expensive repairs. The study shows homeowners insurance claims from cooking fires average  a final cost of more than $29,000 per claim incident.  This more than 4 times more than the next most expensive homeowners insurance claim which is weather related and break in.

Homeowners Insurance Claims because of cooking fires can be avoided.

Nationwide Insurance Company COO and the President of Nationwide Insurance company announced that fires caused by cooking comprised 17% of all their claims of all homeowners insurance claims last year. According to Nationwide Insurance Company, the months with most kitchen fires is in the month of March.  These are followed by the months of April, December, October and May. The National Fire Protection Association (NFPA) showed that one in every 25 homes have experienced a cooking fire in the last 10 years.  An estimated number of 156,400 home fires that were reported in 2013.

These homeowners insurance claims associated with fire incidents also had a human cost. Over 400 individuals died and over 5,000 individual injury. The cost of property damage amounted to nearly one billion dollars.  To prevent cooking fires and the homeowners insurance claims associated with them,  any insurance company must advise homeowners not to leave their cook top area unattended.  Things easily catch fire close to heat source like a stove burner. To ensure cooking appliances are safely utilized, homeowners should always keep close attention when cooking. Residents need to always have functioning smoke alarms and to have a fire escape plan.

Call InsureDirect at (800) 807-0752 or long on tho insuredirect.com for a great price on Homeowners Insurance Policies

Pennsylvania Homeowners Insurance Claims Game

Pennsylvania Homeowners Insurance Post Date  January 21, 2014 – After a major storm like Super Storm Sandy struck hundreds of homeowners across the Keystone State were left with Pennsylvania Homeowners Insurance Claims.  The one good thing is these  PA residence will not be paying hurricane deductibles on their Pennsylvania Homeowners Insurance Claims. Bad news is, Pennsylvania homeowners insurance claims processes were tedious and a long drawn out ordeal for some insureds.

Pennsylvania homeowners insurance claims process should be easier after a disaster

The Pennsylvania Homeowners Insurance claims process maybe frustrating for some policyholders.  The most important thing is,  you will receive what is due to you. Although there might be a long wait between the Pennsylvania Homeowners Insurance claim, when the insured files his or her claim and when the Pennsylvania Homeowners insurance claims payment.  Insurance companies are required to pay claims in a timely fashion.  If the insurance company does not pay their claims –  the will face huge fines.

Waiting to get paid by your insurance carrier can be an inconvenience. While you are waiting, what can a policyholder do to secure their damaged home while your Pennsylvania Homeowners insurance claims payment has not been paid?

After a storm or severe natural disaster, damaged homes need to be repaired.  In some cases the home is so damaged it can no longer be habitable. The question is what do you do in this situation?  Pennsylvania homeowners insurance policyholders can turn to disaster loans provided by the U.S. Small Business Administration.  You can borrow as much as $200,000.  The money can only be used for repair or replacement  of damaged real estate. As for repair or replacement of damaged personal properties, both renters and homeowners can loan up to $40,000. As for business establishments, they can also borrow. They can borrow up to $2 million to replace or repair their damaged real estate, they equipment, and other business assets. According to (FEMA), people who wish to apply for these disaster loans from the U.S. Small Business Administration can call and register for the loan process.

New Jersey Homeowners Insurance Laws May Change

New Jersey Homeowners InsurancePost Date December 26, 2013 – New Jersey Homeowners Insurance Rates may experience changes in the very near future. legislators planning to provide clearer information to New Jersey homeowners insurance buyers are introducing a few new bills which would require New Jersey Homeowners Insurance carriers to provide a clearer policy summary when a New Jersey Homeowners Insurance Policy is sold.

New Jersey Homeowners Insurance Laws Were Very Confusing After Super Storm Sandy

The bill if passed, will require NJ insurance companies that offer New Jersey homeowners insurance policies to provide their policyholders one-page summary explaining the coverages covered under the NJ insurance policy form.  The summary is so simple, it’s difficult to beleive it was not offered in the past. The exclusions and “notable coverages” will be outlined by the New Jersey Department of Banking and Insurance in the new law. It shall also explain the insurance company’s hurricane deductible program.

The new law was introduced  as a result of the mass confusion experienced by New Jersey Homeowner Insurance Policy owners were observed  after Superstorm Sandy hit the State of New Jersey.  Many New Jersey Homeowners Insurance Policyholders were shocked to find exclusions in their policies when they made claims with their homeowners insurance companies.

The said one-page policy summary will be included in a brochure which will be provided to the new and renewal policyholders. As the bill went to the committee process, the one-page policy summary shall not replace  any of the terms  and conditions of the New Jersey Homeowners Insurance Policy.

Under current New Jersey law governing homeowners insurance, the insurer must provide the policyholder a consumer information brochure outlining their hurricane deductible as well.  There was much confusion on what and what was not covered under the National Flood Insurance Program.  If the bill shall be enacted, the said brochure shall then have the additional one-page policy summary.

Auto and Home Insurance Bundle In Ohio

Auto and Homeowners Insurance BundlePost Date  December 12, 2013- Auto and Home Insurance Bundle in Ohio is still the cheapest among all the states in the United States. Ohio’s Director of Insurance and  the states Lieutenant Governor announced the states auto and Home insurance bundle is still among the lowest cost in the United States.

Auto and Home Insurance Bundle  still the cheapest among all US States

Ohio residents have been enjoying the lowest auto and Home insurance bundle rates compared to the other US states in the country due to the state’s competitive auto and Home Insurance bundle market where consumers have access to over 100 Property & Casualty Insurance carriers.

Ohio Insurance Institute spokeswoman said that Ohio’s low premiums are not only a result of a competitive market but a combination of such and a friendly auto and home insurance bundle insurance regulatory environment.

Most recent data from the National Association of Insurance Commissioners (NAIC), the average auto and home insurance  bundle in Ohio is the ninth lowest in the country. The average auto premium in Ohio is only around $630.00.  As for homeowners insurance premiums, Ohioans are paying for the sixth lowest homeowners in the entire country at an average of $624.

Even with the lowest homeowners and auto insurance premiums being enjoyed in Ohio, or consumers to regularly review their auto and homeowners insurance coverage to ensure that they are having the “best policy at the best price to meet their needs.”

In 2006, Ohio was the sixth state entered by InsureDirect.com and marketed its auto and homeowners insurance. InsureDirect.com, a licensed insurance agent in the state represents the top 30 auto insurance and homeowners insurance carriers in the country giving Ohioans a large selection of carriers to choose from to give them the best priced policy and coverage. If you want to compare your current rates or you need to obtained car insurance in a pinch – give us a call at (800) 240-3369.  Press option one.

Auto Insurance and Homeowners Insurance Is Still Not Kids Stuff

Ohio automobile and homeowners insurance quotesPost Date October 23, 2013 – Sending your kids to college can be an emotional time for any family. Most parents are absorbed with what things to prepare for and how to ensure their child’s protection and well-being while away from home. Having adequate auto insurance and homeowners insurance in place is one way to protect your kids financial well being. Most colleges and universities will require Auto Insurance and a Homeowners Insurance Policy be in place if the student is staying in the on-campus dormitories.

Auto Insurance and Homeowners Insurance is an issue when sending your kid to college

InsureDirect.com provides these few simple tips with regards to the insurance coverage necessary to for your college age kids and what parents must concider and obtain.

If you are sending your child away to school with an automobile, it is very important that you check with your auto insurance agent as to what coverages would be best suitable for both you and your child.  Maybe you will have to decide whether to keep your kid’s car on your family’s policy or buy your child his or her own auto insurance. What to consider here is the rate difference between having a separate policy. Also, if your childs grades are exceptional, you may want to inform your Auto insurance and Homeowners Insurance company about generous discounts which may be available to you.

Renter’s and Homeowners Insurance is also a very important insurance coverage for a child away at school. Our children will be bringing with them some very valuable items such as computers, televisions and in many cases expensive clothing. Depending on the policy, these possessions would still be covered by your Renters or Homeowners Insurance if the they are living on campus. However, many cases, if your kid is living in an apartment not on campus, a Renters or Homeowners Policy may no longer cover these possessions. It is in this situation that you may consider buying a seperate renter’s insurance for your student.

Health Insurance is another coverage you need to consider.  Review your health insurance, policy to insure your child is still covered. It is important to know whether the health services providers associated with your policy can provide cover in the locality where your child is going to study, or if not, if there are associated health providers nearby. You may also check student health insurance plans if you found out that your health care package may not suffice in your child’s situation.

Health Insurance Exchange – Obama Care – No Bargain

Obama Care  InsureDirect.com ImagePost Date October 19, 2013 – It has been said that the Affordable Care Act popularly known as Obama Care will provide an affordable coverage through the health insurance exchange.  The health insurance exchange program will make health insurance premiums to increase to almost 50 percent more than what some are paying today.


Health Insurance Exchange is no bargain…..

The sad truth is individuals who will be buying health insurance through many of the Federal government’s health insurance exchange programs next year will have to pay an average of 41 percent more than they have paid for Health Insurance in the previous year. The State of Ohio has long been considered a very competitive for health insurance, auto insurance and Homeowners Insurance. Lieutenant Governor Mary Taylor said that the level of diversity which had made health insurance prices in the state to be low has been outlawed by the Affordable Care Act. Ohio’s health insurance rates and premiums are soaring higher, and even going higher than other states that have long had pricey health insurance rates. The expected 41 percent increase on individual health insurance exchange plans Is based on the premium comparison reports from Ohio insurance companies in 2012. The ODI also said that aside from individual exchange plans, exchange plans for small businesses will also suffer an increase of 18 percent in average. According to the ODI, the current premiums in the individual market have an average cost of $239.29 per month. This is expected to increase to $332.58 next year. For small businesses, the current average premium is $341.03 per month but may become $401.99 next year. The reason for this increase is the cost of providing health insurance (or claims) that the Health Insurance exchange will face. Accordingly, based on the rate filings approved by the ODI, the average cost in providing coverage for individuals next year under the new Health Insurance exchange will be $409. The current cost of providing health insurance coverage today in Ohio is only at $223.

Ohio Homeowners Insurance Rates Effected By Storms Losses

Homeowners InsurancePost Date  October 5, 2013 – The severe thunderstorms which have caused flooding and tornadoes in Ohio in July of this year caused at least $72-million in Homeowners losses. Of course this will have an effect on Ohio Homeowners Insurance Rates.

Ohio Homeowners Insurance and Car Insurance Policies experience rate insurance

The storm systems in Ohio produced excessive raining and high winds for two full weeks. The storms caused the downing of a large number of power lines and trees, causing losses for both Ohio auto and homeowners insurance.  As a result Ohio Homeowners Insurance Rates are  to rise. Based on data from Ohio Homeowners Insurance companies which represent more than three quarters of Ohio’s homeowners and auto insurance markets, damages could be around $71.5-million to $84.8 million. Said insured losses estimate does not include flood-relates losses as these are covered under the National Flood Insurance Program. This information was compiled from 26 Ohio Homeowners Insurance companies. Each Ohio Homeowners Insurance company’s losses vary from $35,000 to more than $10.6 million. To date,  Ohio Homeowners Insurance claims from the July incident are estimated to have reached around 16K. More than 3/4’s of these Ohio Homeowners Insurance claims . As for the Ohio auto insurance, there are 1,598 claims or almost 10 percent of the total claims from the incident. Business-related claims are numbered to around 2,824. However, the said estimates is not the actual insured losses in Ohio as the OII only surveyed its member companies which only account to around 76 percent of the insurance market in the state. But, the actual insured losses are likely to be closer to the OII’s estimates. The incident on July is being considered as the 10th worst major natural disaster to have hit the state since 2011. The tornadoes that struck Ohio include an EF-1 in Huron and Seneca counties, an EF-0 in Huron and Sandusky counties. These tornadoes were also matched by flashfloods in different parts of the state.

Homeowners Insurance Questions And Answers

Homeowners Insurance Questions And AnswersPost Date August 4, 2013 – Misconceptions about homeowners insurance or homeowners insurance questions and answers is common among  insurance consumers.  In this post, we will discuss some of these misconceptions that tend to confuse consumers and the Homeowners Insurance Questions and Answers.  According to the survey conducted by the Princeton Survey Research Associates International (PSRAI), about half of the homeowners in the United States who have the standard policy or commonly known as an HO-3,  do not know that this does not include earthquake coverage. Many also do not know that mold damage is also not be covered.  Most homeowners are not aware that personal belongings that have been stolen from their car is not covered by their auto insurance policy.  A questionnaire listing many homeowners insurance questions and answers found they were not aware items stolen from their car would be covered by their homeowners insurance.

Homeowners insurance questions and answers should be more important to home buyers

These misconceptions stem out from the homeowners lack of understanding on their policy. Most home buyers are in such a hurry buying their  home and policy, they neglected to learn about the coverage’s which is really important.  Not having  any understanding of your homeowners insurance policy can cost you hundreds, or if not, 10’s of thousands of dollars. The Princeton survey showed what most homeowners do understand or know about their policy. 90% of American homeowners are aware that their homeowners insurance cover fire incidents. 75% also knew that their coverage includes lawsuits from visitors who have been injured in their homes.  These answers were identified through the same survey of homeowners insurance questions and answers.

On the other hand, the survey also showed the attitude of homeowners as they buy their insurance. A quarter of the homeowners buy their coverage from an insurance company that their peers will recommend to them. Others surveyed disclosed that they buy their homeowners insurance from Insurance agents like InsureDirect.com which will show them excellent service.  Surprising, 17% of those surveyed said that they decide based on a homeowners policy based on the  price being offered, preferably the cheapest. Sadly, these are the homeowners whom find out they have insufficient coverage when a claim occurs.


New Jersey Homeowners Grants Now Available

New Jersey Relief FundPost Date June 7, 2013 – New Jersey Homeowners devastated by Superstorm Sandy are now eligible for Grants to help rebuild and repair their homes. The state of New Jersey recently begun accepting grant applications for those New Jersey homeowners who were affected by the storm in 2012. The grants are intended to assist NJ homeowners in rebuilding their homes which found themselves without flood insurance. Funds available for these grants is only a chunk of the nearly $2 billion dollars in federal aid sent to New Jersey to assist it in dealing with the damages that were not paid for by insurance payouts or other state programs. This federal disaster aid that was approved by  Congress amounts to $60 billion dollars.  The amount available to New Jersey Homeowners will be  nearly 6 billion dollars.

New Jersey Homeowners help for Superstorm Sandy now available

NJ Governor Chris Christie announced that New Jersey Homeowners eligible for the grants will not receive direct payments from the state.  All payments will be directed to the building contractor whom will be doing the work.  Further; eligible payments are only for those repair and rebuilding costs implemented by approved firms. All eligible New Jersey Homeowners can apply for a grant.  The maximum amount per NJ Homeowner $150,000. The amount will cover expenses for rebuilding or raising a primary home to the 1978 minimum height outlined in the national flood policy underwriting requirements.

The grant applications began  the last week of May.  The New Jersey agency responsible for the application process is the Department of Community Affairs (DCA).   Grants will not be on the “first-come, first-served” basis but will be authorized by need.  Low and moderate income New Jersey homeowners whose homes had substantial damage due to the October storm will come first. A DCA spokesperson said that the grant applications which will be received on or before June 30 will then be randomly process and assess base on factors such as income, level of damage, and areas of highest impact.

Oklahoma Homeowners Insurance To Pay $2 Billion

Oklahoma Homeowners Insurance RatesPost Date May 25, 2013 –  Oklahoma Homeowners Insurance will pay more than two billion dollars in damages after a  tornado batters an Oklahoma suburb, killing more than 20 people.  The Oklahoma Department of Insurance stated the official preliminary estimated claims were based on assessments in the areas damaged by the tornado which touched down in Moore, OK  on Monday, May 20.  The disaster zone cut out a strip of land about a mile wide and more than 17 miles long.  The Tornado leveled a thousand homes, many of which were destroyed completely.  According to official estimates, around 13,000 homes have been affected resulting in Oklahoma Homeowners Insurance Claims.

Oklahoma homeowners insurance rates on the rise

The two billion dollars in Oklahoma Homeowners Insurance Claims has been limited to homes and other infrastructures. These figures do not include other insurance related damage to other property such as cars, trucks and other types of vehicles. The National Weather Service  classified  the tornado as an EF5 with wind speeds of more than 200 mph.  News footage from the disaster show debris from structures and cars that were pulverized.  This is not the first time residents in OK were forced to use their Oklahoma Homeowners Insurance.  In 1999, Moore residents had experienced same fate when a tornado also battered their community that brought about $1.4 billion in insured losses. But insured losses on the recent tornado incident in Moore might exceed that of the damages sustained by Joplin in 2011. Homeowners Insurance  losses from tornado incidents in the United States last year registered a $14.9 billion in insured losses. With the amount of damage incurred in Oklahoma recently, residents may experience a spike on their Oklahoma Homeowners Insurance payments this next few years.


Michael E. Dortch
President &  Senior Agent
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 206

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