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Townhome owner battles insurance companies in court after fire coverage denied

ROCHESTER, Minn. (KTTC) – A Rochester homeowner is fighting two insurance companies in court after both denied coverage for fire damage to his townhome, leaving him without resources to repair the property more than two years later.Josh Hedin’s townhome was destroyed by fire...

Lower home insurance rates? Here’s what officials are saying

BOCA RATON, Fla. — The new year is bringing new optimism to Florida's home insurance market and hopefully to policyholders.WPTV reporter Matt Sczesny spoke Wednesday with Stacey Giulianti, the chief legal officer of Windward Risk Managers, the parent company of Florida Peninsula, Edison...

Florida leads nation in foreclosure filings, but experts say it’s not a repeat of 2008 housing crash

FLORIDA – Florida has the highest rate of foreclosure filings in the country, a property data firm reported, but local real estate leaders say the situation is not comparable to the housing crash nearly two decades ago.ATTOM, which specializes in property data, reported...

California blocks home insurance non-renewals after Gifford Fire

Insurance Commissioner Ricardo Lara ordered insurers to maintain residential property coverage for more than 147,000 California policyholders following the Gifford Fire, after Gavin Newsom issued an emergency declaration on December 23. The directive applies across Kern, Santa Barbara, San Luis Obispo, and Ventura...

Why state minimums may not save you

As inflation drives repair and medical costs up, many households are unknowingly underinsured. That means they have insurance, but limits are too low to cover a major claim.These gaps in home and auto policies can lead to major out-of-pocket expenses."I had liability, because...

Tampa homeowner drops property insurance after rates soar, joins growing trend

TAMPA, Fla. — A Tampa Heights homeowner has made the difficult decision to drop his property insurance after his premiums increased by thousands of dollars, joining a growing number of Florida residents going without coverage. It's called "going bare."According to a 2024 article...