If you have been affected by a recent disaster such as the wildfires in California, you might have some questions about how the insurance claims process works. This article details what you need to know about how to file a claim, how the claim process works, what's covered and what's not. See also: What is covered by standard homeowners insurance?
This presentation discusses the steps that consumers and businesses are recommended to take in preparation for wildfire, and the process around recovery. How to help: Insurance Industry Wildfire Relief Fund
From January 1, 2018, to October 26, 2018, there were 50,546 wildfires, compared to 52,572 wildfires in the same period in 2017, according to the National Interagency Fire Center. The Camp wildfire broke out in Butte County, California, on November 8 and became the deadliest and most destructive fire on record. Further south two other major fires, Hill and Woolsey are still burning. Learn more here. See also: California State Fact Sheet
CATASTROPHE- Term used for statistical recording purposes to refer to a single incident or a series of closely related incidents causing severe insured property losses totaling more than a given amount, currently $25 million
UNIVERSAL LIFE INSURANCE- A flexible premium policy that combines protection against premature death with a type of savings vehicle, known as a cash value account, that typically earns a money market rate of interest. Death benefits can be changed during the life of the policy within limits, generally subject to a medical examination. Once funds accumulate in the cash value account, the premium can be paid at any time but the policy will lapse if there isn’t enough money to cover annual mortality charges and administrative costs.See Full Glossary
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212)-536-9837; Kim.Kirchner@coburnww.com California Press Office: (707) 490-9365; firstname.lastname@example.org New York Press Office: (212) 346-5500; email@example.com ROHNERT PARK, CA, November 15, 2018 —Californians who were ordered to leave… Read More
FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212)-536-9837; Kim.Kirchner@coburnww.com California Press Office: (707) 490-9365; firstname.lastname@example.org New York Press Office: (212) 346-5500; email@example.com ROHNERT PARK, CA, Nov. Read More