Replacement Cost Coverage Under Homeowners Insurance Can Be Broader Than You Might Think

Most homeowners insurance provides what's known as "replacement cost" coverage. Replacement cost coverage varies from policy to policy, but generally provides that the insurance company will pay to repair or replace damaged portions of the home with materials of the same or similar quality that existed before the loss. This coverage basically provides the insurer …

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Lawsuit Over Neighbors’ Target Shooting Triggers Homeowners’ Insurance Coverage Says Court of Appeals

Most homeowner's insurance policies include coverage protecting the policyholders from certain kinds of lawsuits. For example, many policies provide that, if the policyholder gets sued for "personal injury" claims, the insurance company will pay for lawyers to defend the policyholder in court. This liability coverage is an important part of most homeowners insurance policies. Determining …

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Flood Insurance Claim Tips

Following several weeks of storms and heavy flooding in Washington State, the state Insurance Commissioner released a list of tips for homeowners dealing with flood losses under their insurance policies. Flood insurance is challenging, so the Insurance Commissioner's advice should be helpful to policyholders affected by the flooding. The upshot is: Most homeowner's and renter's …

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Wildfires Making Insurance Coverage Hard to Get – California Expands State Coverage Fund

California recently announced new wildfire insurance rules that might be a glimpse into the future for Washington State homeowners having trouble getting insurance coverage in wildfire-prone parts of Washington. California's new rules help people who can no longer get homeowner's insurance coverage due to increased wildfire risk. The new rules expand a California state-run program …

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Insurance Tips for Wildfire Season

Washington is predicted to have a particularly severe wildfire season in 2019. Wildfires are increasing as development pushes further into wilderness areas and wildfire risk pushes into parts of Washington previously assumed to be too wet to be at risk. Here are some tips to make sure your insurance coverage is ready for wildfire season: …

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