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Home Insurance

Nationwide, Travelers customers lament canceled policies

“The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, up from 5.9% two years ago,” Breanne Armstrong, director of insurance intelligence at J.D. Power, said in a September press release...

Senator pitches home-hardening tax break – Insurance News

TALLAHASSEE - A key senator on Wednesday suggested that lawmakers should consider a property tax break, which could be spread over a number of years, for people who try to make older homes more storm resilient. The proposal floated by Florida Senate Banking and...

Experts warn Florida homeowners of risks to self-insuring

Some Florida homeowners are choosing to "go naked" by dropping their property insurance and opting to self-insure instead."We did a national survey last year that showed 12% of U.S. homeowners are currently self-insuring. That's a large spike from pre-pandemic, which was about 5%....

‘Porch pirates’ leading some customers to get their package deliveries insured – Insurance News

The rise of online shopping has also led to a rise in package theft by "porch pirates," leading some consumers to insure their purchases ahead of time. In 2023, one out of every 180 packages was stolen, around 119 million thefts that caused Americans...

Florida, California Home Insurance Market Infused by Riskier Carriers

UNCOVERED When major property insurers drop homeowners in Florida, California and Louisiana after hurricanes and fires, another type of company is offering coverage. By Sophie Alexander Leslie Kaufman...

Risk Theory Launches New High Value Homeowners Insurance

Dallas, TX, December 3, 2024 — Jupiter Risk Services, an affiliate of Risk Theory, is proud to launch its High Value Homeowners Insurance, a new insurance product designed specifically for single-family, high-value homeowner properties with...