Q: A hail storm went through my neighborhood.  Most of my neighbors have gotten new roofs. I received a denial letter along with a check for $300 to repair damaged fascia.  What’s the deal?   Should I call a roofer? A lawyer? The state insurance commissioner?  What gives?
A:  First, just because your neighbors are getting new […]

“The conventional wisdom (among consumers) is that if you file one really big claim, you’re thought of as being a ‘bad’ customer for the insurance company,” says Michael Braun, assistant professor of marketing at the Massachusetts Institute of Technology’s Sloan School of Management. “However, we’ve found that people who file larger claims are not necessarily […]

There was a great deal of press coverage after Hurricane Katrina in 2005 regarding lawsuits against insurance companies for damage not covered. Approximately two-thirds of homeowners and three-quarters of businesses were not covered for losses covered by flooding. This is a staggering amount.
Why weren’t they covered? Well, since 1968 flood damage has not been included […]

I came across this great article over at TheStreet.com about 8 steps to take before purchasing a homeowner’s insurance policy. Take a look, and keep these things in mind when purchasing your first homeowner’s insurance policy.
1. Collect all personal information needed to get a quote.
This includes your address and social security number. It also […]