November 27, 2021

Wed, 24 Nov 2021 20:44:24 +0000
CALGARY, Alberta – Flood-stricken British Columbia is considering major upgrades to its highway network to make it more resilient to climate change risks, as the province starts reconstruction work after last week’s devastating floods. Upgrades would...
Wed, 24 Nov 2021 17:54:19 +0000
If the owner of a trucking company drives one of his company’s trucks to a friend’s house for free repairs, is that considered a business use of the truck, or personal use? The Georgia Supreme Court effectively decided this week …
Wed, 24 Nov 2021 17:00:13 +0000
Louisiana Agriculture Commissioner Mike Strain came under fire Thursday from state lawmakers who complained his regulatory agency was moving too slowly in expanding the medical marijuana products available to patients. The News-Star reports that Strain...
Wed, 24 Nov 2021 16:30:35 +0000
At least one person died and two remained missing following a fire and explosion at a home in Michigan that damaged several adjacent homes and sent debris falling onto a neighborhood, authorities said. Fire Department Battalion Chief Ramsey Clapper told …
Wed, 24 Nov 2021 16:27:38 +0000
Federal jurors say a Twin Cities plastic surgeon is entitled to nearly $25 million because an emergency medical provider declined to fly him back to the United States after a ziplining injury in Mexico led to a leg amputation. Richard …
Wed, 24 Nov 2021 15:52:00 +0000
The historic courthouse in downtown Miami is set to reopen after an engineering inspection that was spurred by the collapse of a nearby beachfront condominium. The 27-story Dade County Courthouse, built in 1928, never completed its required 40-year saf...
Wed, 24 Nov 2021 15:47:39 +0000
Lemonade Appoints Burgess as Chief Claims Officer Lemonade, the insurance company powered by artificial intelligence, appointed Sean Burgess as chief claims officer. As part of this move, Burgess will be filling the role of Jim Hageman, Lemonade’s firs...
Wed, 24 Nov 2021 15:41:31 +0000
Three people were killed and six people, including five children, were seriously injured after a fire broke out in an East Baltimore rowhouse early Monday, fire officials said. News outlets report that firefighters called to the home on North Patterson …
Wed, 24 Nov 2021 15:33:08 +0000
Tennessee Gov. Bill Lee’s office warned lawmakers that their sprawling bill limiting COVID-19 restrictions would violate federal law that protects people with disabilities and put the state at risk of losing federal funds, according to records obtained...
Wed, 24 Nov 2021 15:26:20 +0000
Arizona Attorney General Mark Brnovich announced a settlement with e-cigarette maker Juul Labs Inc. requiring the company to pay $14.5 million and make changes to its corporate practices to ensure JUUL products are not marketed or sold to youth in …
Wed, 24 Nov 2021 15:24:36 +0000
Job candidates rarely know when hidden artificial intelligence tools are rejecting their resumes or analyzing their video interviews. But New York City residents could soon get more say over the computers making behind-the-scenes decisions about their ...
Wed, 24 Nov 2021 15:15:58 +0000
Kettle, the San Francisco-based reinsurance startup that uses artificial intelligence to better protect people from the growing wildfire risks of climate change, announced it has been reinsuring homes during the 2021 wildfire season and that it raised ...
Wed, 24 Nov 2021 15:05:03 +0000
BANGKOK – Apple Inc. issued on Wednesday alert messages to at least six Thai activists and researchers who have been critical of the government, warning it believed their iPhones had been targeted by “state-sponsored attackers,” according to activist...
Wed, 24 Nov 2021 14:38:57 +0000
North Carolina homeowners will see insurance premiums climb an average of 7.9% next year, but that’s much less of an increase that a state rating bureau had requested, the state insurance commissioner announced. The North Carolina Rate Bureau had propo...
Wed, 24 Nov 2021 14:29:27 +0000
Nearly 15 months after Hurricane Laura struck, Louisiana is kicking off $11.3 million in housing repair and rebuilding programs for the southwestern city of Lake Charles while it waits for hundreds of millions in promised federal aid to arrive. Gov. …
Wed, 24 Nov 2021 14:26:20 +0000
Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may counteract recent positive market trends, AM Best reports. Al...
Wed, 24 Nov 2021 14:20:54 +0000
IncubEx Inc., a Chicago-based company that is chaired by industry veteran Neil Eckert and designs and develops new financial products in global environmental, climate risk and related commodity markets, announced the acquisition of Insurwave Ltd. Insur...
Wed, 24 Nov 2021 13:16:22 +0000
Cal Fire Battalion Chief Miguel Watson wakes to the wind whipping through the trees. The whole night is ahead of him. He lies there and then, feeling restless, gets up and walks to his pickup truck. He listens to the …
Wed, 24 Nov 2021 13:00:46 +0000
Cyber attacks are continuously evolving, and companies that don’t stay educated about the space could be caught off guard, experts say. “A lot of times, I think cyber has this type of mentality that it’s not going to happen to …
Wed, 24 Nov 2021 12:48:53 +0000
The clock is ticking for banks, insurers and asset managers still providing support to oil, gas and coal producers. It’s not just the moral imperative—that fossil-fuel use is destroying the atmosphere and life on Earth with it. It’s that their …
Wed, 24 Nov 2021 12:19:38 +0000
McLarens, the Atlanta-based insurance services provider, has entered into a strategic alliance with Saltex, a Polish claims management and loss adjusting firm with offices in Warsaw and Wroclaw. Operating as McLarens’ exclusive affiliate in Poland, the...
Wed, 24 Nov 2021 12:16:23 +0000
A Cleveland jury concluded Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. helped create a public-health crisis by failing to properly monitor opioid prescriptions, the drug industry’s latest loss in the expanding litigation over the p...
Wed, 24 Nov 2021 11:47:44 +0000
HONG KONG – Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15% to below $200 billion due to risks from a restructuring at the Hangzhou-based firm, a source with …
Wed, 24 Nov 2021 06:00:37 +0000
A Cowlitz County, Washington, papermaking plant is facing nearly $140,000 in fines after one worker died and more than a dozen machine operators got sick with COVID-19. An inspection by the Department of Labor & Industries reportedly revealed that duri...
Wed, 24 Nov 2021 06:00:29 +0000
Gun makers including Smith & Wesson and Sturm, Ruger & Co. on Monday asked a U.S. judge to dismiss a lawsuit by the Mexican government accusing them of facilitating the trafficking of weapons to drug cartels, leading to thousands of …
Wed, 24 Nov 2021 06:00:13 +0000
A new study out ranks California’s highway system 45th in the nation in overall cost-effectiveness and condition. The Annual Highway Report published by Reason Foundation is a two-spot drop from 43rd overall in the previous report. This is in part …
Tue, 23 Nov 2021 22:23:25 +0000
The summer surge of COVID-19 claims that hit the California workers’ compensation system in July and August appears to have run its course, according to the California Workers’ Compensation Institute. A CWCI analysis released on Tuesday shows the numbe...
Tue, 23 Nov 2021 17:22:17 +0000
New York’s highest court ruled on Tuesday that JPMorgan Chase & Co. is entitled to insurance coverage for $140 million of a U.S. Securities and Exchange Commission settlement with the former Bear Stearns Cos. over improper mutual fund trading. Reversing …
Tue, 23 Nov 2021 17:12:55 +0000
A federal judge has struck down a plan to give the Seminole Tribe of Florida a monopoly on sports betting and to expand two of the tribe’s hotels into Las Vegas-style casinos. The ruling by U.S. District Judge Dabney Friedrich …
Tue, 23 Nov 2021 17:07:42 +0000
This edition of International People Moves details appointments at Mosaic Insurance, Berkshire Hathaway Specialty Insurance and MGA Alta Signa Europe. A summary of these new hires follows here. Mosaic Launches London M&A Team With Hires from Liberty Mu...


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Flood Info

Home FAQ's

Q:

What is homeowners insurance?

A:

Homeowners insurance is a form of personal lines insurance. The typical homeowners policy has two main sections:
1) covers the property of the insured and
2) provides personal liability coverage to the insured.

Q:

What do I need to know when purchasing homeowners insurance?

A:

  • Get the amount and type of insurance that you need.
  • Determine the amount of personal property insurance and personal liability coverage that you need.
  • Select any additional endorsements you want to add to your policy. For example, do you want the personal property replacement cost endorsement?

Q:

What is "actual cash value"?

A:

When "actual cash value" is used in a policy, a policy owner is entitled to the depreciated value of the damaged property.

Q:

What is replacement cost"?

A:

When "replacement cost" coverage is used in a policy, a policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices.

Q:

Where and when is my personal property covered?

A:

Coverage C of a homeowners policy provides named perils coverage. This applies to all your personal property (except property that is specifically excluded).

Q:

Should I purchase earthquake coverage?

A:

Direct damages due to earthquakes are not covered under the standard homeowners insurance policy. If you live in an area that is prone to earthquakes, you may want to consider adding an earthquake endorsement to your homeowners insurance policy. This endorsement will cover damages due to earthquakes, landslides, volcanic eruptions and other earth movements.

Q:

Should I purchase flood coverage?

A:

If your property lies in a flood plain as determined by US Government Flood Maps. Ask your independent agent about a flood quote.