It does not sound fair, but not only can an insurer drop you after a single claim, it can also drop when you have not made any claims. The insurance companies are more worried about future risks and can cancel your policy, especially if you live in areas prone to mudslides or hurricanes. In addition, filling more than one home insurance claim within a period of five years or having a claim that is not paid because it is less than your deductible, can also make you lose your insurance.
It’s true that owning a home comes with a wide range of advantages, but also liabilities, including the fact that you’re going to be...
Like many states, New York requires most employers to carry Workers’ Compensation coverage for employees. New York State’s requirements for Workers’ Compensation coverage can...
About 1 in 20 homes has an insurance claim each year due to damage, theft, or other covered risks according to the Insurance Information...
