I’ve received calls from two different clients over the past two weeks. Each was about the same thing; they’d received a notice from their mortgage company notifying them of a deficit in their escrow account. They had the option of paying the escrow shortage or it could be factored into their already increased monthly home mortgage payment. Sheri and I also received the same notice a few weeks earlier.
A client called me a couple of weeks ago. He’d been rear-ended by another person who said he had car insurance, but he didn’t. Their car insurance had been cancelled due to non-payment which meant my client had to file a car insurance claim on his policy where someone else was clearly at fault. This type of claim is referred to as an uninsured motorist claim.
I received a text message from one of our car insurance clients last week. Her car had been broken into and a ring was missing. She wanted to know if the loss of the ring was covered by her car insurance. It’s not; whenever an item that is not a part of the car is stolen from a car, it’s considered a home insurance claim…
Yahoo Autos posted an article by Justin Hyde on February 5th of this year listing the top ten cities in the U.S. with the highest car insurance rates. One of the two points raised by Justin is that car insurance rates are impacted by where you live more than by how you drive.
On Saturday, April 26, a low pressure front swept out of the Rockies across Texas, the southern plains, and across the southeast. It collided with moist air from the Gulf spawning 36 tornadoes over 8 states ranging from Arkansas to Virginia. As if the tornadoes weren’t enough, the same storm system dumped 12 to 18 inches of rain across Alabama and the Florida pan handle before swinging up the Atlantic coast causing widespread flooding.
A client of mine sent me an email over the weekend letting me know he’d sold his car and had not replaced it yet. Since he’s engaged, he’s sharing his fiancé’s car until he replaces the sold one in the next couple of weeks. He asked an excellent question I run into from time to time; should he cancel his car insurance until he buys a replacement?
Hurricane season runs from June 1 through the end of November. Hurricane forecasters at Colorado State University climatologists and the Tropical Storm Risk group in London predict a lighter than normal hurricane season for 2014. Both groups believe this due to cooling in the Atlantic Ocean and the re-emergence of El Nino. CSU forecasters predict 9 named storms with 3 hurricanes, 1 severe with winds greater than 110 miles per hour, while Tropical Storm Risk predicts 12 named storms, including 5 hurricanes with 2 being intense.
On March 22nd, a hillside that was saturated with water from earlier rains gave way. A wall of mud, trees, and debris swept over the North Fork of the Stillaguamish River and covered an unincorporated area known as Steelhead Haven located 4 miles east of Oso, Washington. Mud, trees, and other debris covered an area of Steelhead Haven measuring 1,500 feet long, 4,400 feet wide and between 30 and 40 feet deep, roughly 1 square mile.
A friend of a friend called me a couple of weeks ago who wanted my professional opinion. Our mutual friend suggested he call me as he’d been in an accident a couple of months ago and was not happy with the way his claim was being handled. He’s not a client but wanted to know what his options were.
One of my clients in Frisco, Texas sent me an email last weekend. Her family’s home is located in a neighborhood that was struck by hail, some of it measuring between baseball and softball size. A flurry of roofers showed up in their neighborhood and began knocking on doors to solicit business and my client wanted to know if she should file a hail claim.
Subscribe to my newsletter by filling the form below.
A confirmation email will be sent to your mailbox: please read the instructions to complete the subscription.
