Rental home insurance: who needs it and what does it cover?

Rental property insurance, also known as homeowners insurance, covers the one-time risks incurred when renting your home or condo for long periods of time. Its coverage includes property damage, civil liability charges and loss of rental income for owners who rent their property. Whether you are renting out your home, vacation home, or investment... Read More

Property Insurance in Florida is a Sea of ​​Red Ink Hurricanes, Home & Insurance – Florida Trend

SITUATION REPORT Insurance – a sea of ​​red ink The Legislature passed a bill in its 2021 session making major changes to Florida’s property insurance markets. Time will tell now if that will help Florida-based property insurers withstand losses that doubled in 2020 from 2019. For three years in a row, they’ve lost money... Read More

Property insurance companies drop 50,000 Florida policyholders ahead of hurricane season

ORLANDO, Florida – Weeks into hurricane season, three home insurance companies are dropping more than 50,000 home insurance policies in Florida and some of those insured have yet to be notified. This is the latest twist in the lingering Florida property insurance problem. Angela Holland said she received a notice in the mail that... Read More

What is commercial property insurance? – Councilor Forbes

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors. Commercial property insurance protects the physical assets of your business. In the event of a fire, pipe burst, thunderstorm or thieves’ strike, commercial property insurance... Read More

After the Assam earthquake, general insurers start to receive claims, mainly in the property insurance segment

The earthquake measuring 6.4 on the Richter scale shook Assam on April 28. The epicenter of the quake was located at Dhekiajuli in Sonitpur district. The tremors, which were felt in northeast India, parts of Bihar and West Bengal, Bhutan and Bangladesh, damaged several buildings and roads in Assam. After a powerful earthquake rocked... Read More

COVID-19 damage escapes property insurance coverage

Owners of commercial buildings find that their insurance does not cover business disruptions caused by the pandemic. CHANSOM PANTIP / iStockPhoto / Getty Images Insurance exists to cover some of the risk for owners, managers and tenants of commercial buildings, but most policyholders find that the insurance they have does not cover them against... Read More

Delayed Property Insurance Savings

TALLAHASSEE, Fla. (CAPITOL NEWS SERVICE) – Homeowners are suffering sticker shock as home insurance rates rise rapidly in Florida. New reforms to lower rates come into effect on July 1, unless the governor vetoed it, but it could be more than a year before rates stabilize. Florida’s 6.2 million home insurance customers are seeing... Read More