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When a pipe suddenly springs a leak or breaks due to an accident, your first thought upon discovering the mess will probably be about whether or not your homeowners insurance will cover the damage.
If your home was damaged, filing a homeowner’s insurance claim will help you get money back for losses or damage. Flood insurance is not part of a standard homeowners policy, and those with ...
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...
An insurance policy may or may not cover the costs associated with water damage and the process of water damage restoration. While a common cause of residential water damage is often the failure of a sump pump, many homeowner's insurance policies do not cover the associated costs without an addendum which adds to the monthly premium of the policy.
The Homeowner Flood Insurance Affordability Act of 2014 was introduced into the United States Senate on January 14, 2014 by Sen. Robert Menendez (D, NJ). [7] Senator Johnny Isakson (R-GA) was the main Republican co-sponsor of the bill. [ 1 ]
If and when a peril occurs and causes damage to your property, you may file a claim with your home insurance provider to help cover the repairs. A standard homeowners insurance policy lists the ...
Consumer Watchdog, a non-profit group that has previously sounded alarms about FAIR's solvency, warned last year that California homeowners could be on the hook for a $1,000 to $3,700 surcharge ...
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