Changes in homeowners Policies are big news

By Scott Best

Some very strange things have been happening of late, so strange that there may be a congressional investigation into the matter. Think about this question. How much less is your house worth now then it was 2 or three years ago. Many homes values have dropped as much as 50% from the value they carried just few years ago. 

That’s neither a big secret nor something that Congress is likely to do anything about any time soon, so why all the buzz about homeowners insurance? Well let’s just think about that for a bit. Your home might be worth 50% less now then it was just a short time ago. Yet for thousands of Americans the cost of homeowners insurance has gone up as much as 30 to 40% over the last year.

How can that be, isn’t homeowners insurance suppose to follow the value Vs risk principal of insuring properly? It is, but lately because of the dramatic drop in home values customers have been restructuring their insurance policies to fall in line with the devaluation of their homes.
.....MORE

Insurance Journal - Property Casualty Insurance News
The source of property and casualty insurance industry news and information for
independent agents and brokers.

Connecticut Insurance Department
Seeks to communicate with and serve the public as well as those it regulates in
the most efficient and responsive manner.

GEICO Car Insurance. Get an auto insurance quote and save today ...
Offers auto and motorcycle insurance. Request quotes online or by phone.
File claims online.

Insurance Information Institute (III)
Attempts to improve public understanding of insurance -- what it does and how it
works. The site is subdivided into sections for "Individuals" (consumer info) ...

Insurance - Wex
Includes applicable federal and state statutes and judicial decisions, and online
resources, from Cornell Law School.