“United Policyholders is a 501(c)(3) with unique expertise in insurance recovery and financial preparedness and a teaching team that has proven valuable to our citizens.”
It is not uncommon for people to break down in tears after getting a notice that their home insurer is dropping them as a customer. In some cases it's tears of frustration that they paid all that money for insurance they never used, or tears of betrayal (I was loyal to them, why did they break up with me - what did I do wrong?). Some people just feel panicked about shopping and the prospect of having to pay more than they can comfortably afford. Some people just get angry.
Our advice for California property owners: If your home insurer drops you, start...Read More
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...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 ...Read More