Following a wildfire or other disaster, getting back to normal can take some time. To assist in the recovery process, the Triple-I has compiled useful information around post-disaster safety, insurance coverage questions, and detailed guidance on how to file a claim. In addition, resources specific to those in California and other states are included. | Tips for protecting your home
After a disaster, you'll need to contact your insurer to get the claims process started. This article explains what you need to know about how to file a claim; how the claim process works; what's covered and what's not; whether the damage is covered under the terms of your policy; how long you have to file a claim; and how long it will take to process the claim.
The global pandemic and costly natural catastrophes will contribute to a projected 101.7 combined ratio for U.S. property/casualty insurers in 2020, higher than the 98.8 the industry posted last year, according to the latest Underwriting Projections: 2020-2022 report from the Triple-I and Milliman.
SURPLUS- The remainder after an insurer’s liabilities are subtracted from its assets. The financial cushion that protects policyholders in case of unexpectedly high claims. (See Capital, Risk-based capital )
COINSURANCE- In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss. For health insurance, it is a percentage of each claim above the deductible paid by the policyholder. For a 20 percent health insurance coinsurance clause, the policyholder pays for the deductible plus 20 percent of his covered losses. After paying 80 percent of losses up to a specified ceiling, the insurer starts paying 100 percent of losses.See Full Glossary
For immediate release Triple-I Press Office: 904-806-7813, email@example.com NEW YORK, Nov. Read More
For immediate release Florida Press Office: 904-806-7813, firstname.lastname@example.org SAINT JOHNS, Fla., Nov. 30, 2020 – The 2020 Atlantic hurricane season officially ends today with a record 30 named storms, including a near-record 13 hurricanes. Read More