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New York / Discrimination? Racial bias in settling claims?
« Last post by Toby on February 04, 2021, 02:10:48 PM »Here is an excellent article from the NY Times about potential racial biases in settling claims.
https://www.nytimes.com/2020/12/29/business/black-homeowners-insurance-claim.html
https://www.nytimes.com/2020/12/29/business/black-homeowners-insurance-claim.html
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Louisiana / Hurricane Claims top 7.7 Billion in Louisiana
« Last post by Toby on February 04, 2021, 12:38:00 PM »14
Some thoughts from Toby . . . Some Random, Some Profound! / Diminished Value
« Last post by Toby on February 04, 2021, 10:00:25 AM »In many states (including my home state of Georgia), any diminished value of your building after a claim is excluded from coverage. So, for example if you have a fire in your home and it becomes less valuable at re-sale as a result, your insurer may not be responsible for that part of your financial loss. They protect themselves from that financial liability by excluding that portion of your loss from coverage.
But what's good for the goose is NOT good for the gander when it comes to diminished value. While insurers may not pay you for diminished value, they will certainly hold previous claims against you, even if you were not the owner of the home when the claims were made.
Here's a great article by insure.com about the various data that insurers maintain about past claims, and how they use that data to charge new owners of a property potentially higher rates for insurances.
https://www.insure.com/home-insurance/past-claims.html
But what's good for the goose is NOT good for the gander when it comes to diminished value. While insurers may not pay you for diminished value, they will certainly hold previous claims against you, even if you were not the owner of the home when the claims were made.
Here's a great article by insure.com about the various data that insurers maintain about past claims, and how they use that data to charge new owners of a property potentially higher rates for insurances.
https://www.insure.com/home-insurance/past-claims.html
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Alaska / Re: Family Sues Alaska Bar After Woman’s Death
« Last post by Robitgeern on June 11, 2020, 06:32:19 AM »It's a scary story.
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California / Electric Scooters - Are They Good for Cities?
« Last post by Toby on August 02, 2019, 08:37:05 AM »17
Texas / Hail Protection for Parked Vehicles?
« Last post by Toby on August 02, 2019, 08:35:27 AM »18
Alaska / Re: Family Sues Alaska Bar After Woman?s Death
« Last post by Semone on July 23, 2019, 05:08:10 AM »Very helpful Thanks for the link
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Some thoughts from Toby . . . Some Random, Some Profound! / Re: Goofiest Insurance Claims Ever!
« Last post by Rungsiman on May 10, 2019, 01:04:23 AM »A lot of edge for answering comments
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