This change increases the cap for small claims actions to $12,500 per claim, enabling homeowners to pursue justice in small claims court for larger amounts without the necessity of hiring an attorney. Illinois Public Act 103-0486 (Maintaining Roads) This act allows HOA boards to engage high...
InsuranceCo.andPHICOInsuranceCo.demonstrateitsfeasibility.Thisiswhyriskmanagersrelyoninsuranceratings whenselectingacarrier.Thesereports,whichgaugecarriers’financialstrengthandabilitytopayclaims,areprovidedby ahandfuloffirmswhichallprofesstoprobjective,detailedexpertiseonthefinancialstrengthofinsurers. ...
Homeowners or Renters Insurance Homeowners insurance covers damage to your home from events like fires, storms, or vandalism and may also protect your belongings. Renters insurance offers similar protection for personal belongings but is designed for those who don’t own their home. Life Insur...
insurance companies we deal with recently indicated that in just the past seven years, they have had more labor law claims that have exhausted the $1M policy limit then they had in the previous 40 years combined. Also, in response to grim social trends, active shooter claims have increased ...
Which events are covered: Most homeowners policies cover your dwelling for any cause of damage that isn’t specifically excluded. Some of the most common causes of homeowners insurance claims include wind, hail, freezing, fire and lightning, according to the Insurance Information Institute [1]. Ho...
However, if you have a homeowners or renters insurance policy, it may cover your personal belongings, even when you’re traveling. But remember, claims often involve a deductible and could potentially increase your future insurance premiums. Does Your Car Insurance Cover Rental Cars? In most cases...
Insurance is a bit like a gamble between you and the insurance company. The company bets that they'll take in more money in premiums than they have to pay out in benefits, whether it's for health insurance, auto insurance, life insurance or homeowners insurance. You're paying a premium ...
There are several types of short-term insurance. Property insurance protects homeowners from damage caused by theft, fire or weather. It includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance and boiler insurance. Household insurance policies...
Many homeowners are facing insurance rates that have become unaffordable. Given that mortgages may require that the homeowner carry insurance, the impact of climate change on insurance could cause a spike in foreclosures or an inability for people to buy homes in some parts of the country. This ...
Fraud for profit aims not to secure housing, but rather to misuse the mortgage lending process to steal cash and equity from lenders or homeowners. The FBI prioritizes fraud for profit cases. Fraud for housing: This type of fraud is typically represented by illegal actions taken by a borrower...