Homeowners Insurance

For those who may have missed it, the property casualty insurance markets are in a very hard market cycle. During a hard market, insurance carriers hike premiums, cancel and non-renew…

Personal Lines How much notice does a carrier have to give to non-renew a homeowners’ or personal auto policy?At least 45 days but no more than 60. How much notice…

Question: When an insurance company refuses to write homeowners or other property insurance in coastal areas, doesn’t that violate the laws against redlining? Answer: Probably not. It is true that…

Friday the 13th is traditionally seen by some better safe than sorry superstitious individuals as a day when one must take care to avoid catastrophe terminal embarrassment certain doom being unlucky. We here at Big I…

Question: “What is the law regarding conditional renewal notices sent out on Homeowners policies that will be renewing with increases? Specifically, 25% or more?” Answer: New York law does not…

Question: “We have an insured who owns a secondary seasonal home, which she occupies. She also occasionally will rent it out to someone else for a month or so when…

Question: “Is damage from a skunk, chewing, etc., covered by a Homeowners policy? My initial research tells me that a skunk is not a rodent, and as such, damage would…

Question: “As this is party/graduation season, do Homeowners insurance policies cover Host Liquor Liability? My example: If a guest or other third party was injured or killed in an auto…

[The following is a re-publication of a post that originally ran in 2011.] Question from an IIABNY member: “I have a personal lines customer who called saying he has a person…

E&O Tip Homeowners’ policies vary, as do the interpretations of business use by individual insurers. Be sure that you understand how each policy you offer and each insurer will respond…