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TIPS FOR CONSUMERS

Advice for Buying Homeowners Insurance
A house is typically the largest single investment a person will make in their life and it’s important to protect it and the belongings inside with a sound homeowners insurance policy.

Insuring your house can be costly; the Insurance Information Institute estimates the average homeowner’s insurance premium rose by 6 percent to $835 in 2006 and projects that the average homeowner’s insurance expenditure will be $868 throughout 2007. To read the full article, go to http://www.bbb.org/alerts/article.asp?ID=794.


Dealing with Home Insurance Adjusters after Disaster Strikes
Every year hurricanes, tornados, violent thunderstorms, flooding and fires wreak havoc across the country. In 2006 alone, there were 33 major catastrophes affecting hundreds of communities across the U.S., which resulted in 2.3 million claims for losses totaling $9.2 billion, according to the Insurance Information Institute.

Even if you don’t live in tornado alley or in a flood plain, BBB recommends you take some basic preparedness steps to help you immediately following a catastrophe and offers advice for working with your insurance adjuster to ease the stress and anguish after disaster strikes. To read the full article, go to http://www.bbb.org/alerts/article.asp?ID=799.  


Five Most Common Homeowners Insurance Problems
A recent study by the National Association of Insurance Commissioners (NAIC) reveals that homeowners are surprisingly unclear about what their policies do and do not cover, and many are, as a result, not carrying appropriate insurance.

Better Business Bureau (BBB) recommends you read the fine print of your homeowners insurance policy closely and check to see if you’re covered against the five most common home insurance hang-ups. You might not be as well prepared for problems as you think. To read the full article, go to http://www.bbb.org/alerts/article.asp?ID=797.


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