“I don't know how we would have found answers or how to begin if they had not coached us through the process.”
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When Herb Solomon changed his homeowners’ insurance this year, he was surprised to see that his new company estimated the replacement cost of his 2,600-square-foot North Berkeley home at roughly one-third less than the old one.
A megastorm has struck your house, leaving a pile of waterlogged wreckage in its wake. But you’re covered financially because you have homeowner’s insurance, right? Wrong. Although most homeowner’s and rental policies reimburse for damage caused by wind or fire, these policies generally exclude losses from floods, like those caused by superstorm Sandy last year. So should you invest in flood...
An anonymous agent reveals the dirtiest secrets of his profession, and the rules for building your personal safety net
Remember Woody Allen? The movie director who married his ex-wife’s adopted daughter? Well, Woody once said, “There are worse things in life than death. Have you ever spent an evening with an insurance salesman?”
Okay, I’m an insurance salesman, and as any young...
Trying to figure out how auto insurance companies set your rate can be a real head-scratcher. You’re unlikely to crack the formula, but you can be sure that your credit history is part of the equation, unless you live in one of the few states where insurers can’t use it to calculate how much you’ll pay.
The Federal Emergency Management Agency announced changes to the nation’s flood insurance program on Monday, responding to complaints from Superstorm Sandy survivors that the private insurers participating in the federally-backed program underpaid their claims and dragged out lawsuits.
In the aftermath of a flood, people may be unpleasantly surprised to find that their home insurance doesn’t cover the damage caused by rising storm waters. It hasn’t since insurance companies decided that floods were too risky to cover.
The New York high court's Tuesday ruling that each excess insurance policy covering Viking Pump Inc. and Warren Pumps LLC can be held liable for an entire loss resulting from asbestos claims gives policyholders a faster, cost-efficient path to coverage for multiyear claims by allowing them to target carriers in a single year, experts say.