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Monthly Archives: June 2008

Lightning Damage Coverage

Monday, June 30, 2008

Lightning is one of the standard named risks or perils in most homeowners insurance policies, double check yours to be certain it’s listed, and one that has seen its claims rise in recent months. With the rise in claims, it’s important to double check what is considered lightening damage and what is typically covered.
As [...]

Filed in General | Comments Off

Average Dog Bite Claim: $24k

Wednesday, June 25, 2008

Insurance Journal reports that the average dog bite claim is over $24,000 in 2007, with claims totaling $356.2 million. That’s an increase of over 10% from 2006.
How does this affect you? Well, you need to be aware of the three types of laws governing pets and which ones affect you:
Dog-bite statute: The dog owner is [...]

Filed in Homeowner's | Comments Off

Public Protection Class (PPC)

Saturday, June 14, 2008

ISO, Insurance Services Office Inc., has a Public Protection Classification service that gauges a local fire departments ability to respond to fires. They collect information regarding the responsiveness and effectiveness of local fire departments, analyze the data using their Fire Suppression Rating Schedule (FSRS) and then assigns a Public Protection Classification from 1 to 10. [...]

Filed in Fire | Comments Off

Get Flood Insurance Coverage

Thursday, June 5, 2008

Do you have adequate flood insurance? Flood insurance is not on the typical homeowners insurance policy and every year a quarter of the flood losses happens to homes considered “low to moderate flood risks” by the Federal Emergency Management Agency (FEMA). That’s right, 25% of flood losses occur in areas where they’re not expected. This [...]

Filed in Flooding | Comments Off