"We have found the Disaster Recovery Handbook very informative and helpful in getting through the most traumatic experience in our lifetime"
Home insurance policies typically limit the amount of time you have to collect all available replacement cost and loss of use/ALE benefits, and to file a lawsuit.
Your insurance company is legally required to provide you with written notice 60 days before any deadline or benefit expiration they want to enforce. CA Code of Regulations 2695.7(f). That includes deadlines for submitting proof of the value of your losses and “statutes of limitations” (lawsuit filing deadlines). The notice must...Read More
Generally speaking, insurance companies want to sell insurance. But they also want to be profitable. Sometimes they will stop selling insurance in a region or to a group of customers they deem too risky. They do this as a business strategy to improve profitability. This pattern has happened many times before after large disasters: Insurers pull out, competition and options shrink, prices go up, government steps in. Just ask homeowners in the vicinity of the 1991 Oakland/Berkeley hills firestorm, or Florida...Read More
In early August, 2019 at a national meeting of insurance regulators and stakeholders from across the country, United Policyholders helped set the stage for the important conversation that needs to be happening about the increasingly large gap between disaster recovery costs and the amount of those costs that insurance policies are covering.
We know that two thirds of wildfire victims are coming up short on insurance funds to pay for replacing their destroyed assets.
We know that insurers have raised deductibles for catastrophic...Read More
Certified Financial Planner and former UP Board member Larry Ginsburg enjoying life
As with all types of insurance, you have choices to make when shopping for life insurance. If you’re in the market for life insurance, rates are the lowest they’ve been in 20 years.
That is probably because fewer and...Read More
Helping wildfire survivors form support groups by insurance company has been part of United Policyholders' menu of services since our beginning. We've seen time and again how communicating with others who are navigating similar policy language, company rules and adjuster personalities helps people overcome claim delays and problems.
In the early months after a disaster we routinely post laminated signs at our Roadmap to Recovery workshops to help people find and form groups with others insured with their same company. Resource-permitting, we help groups set...Read More