J.D. Power and Associates Reports: While Relatively Few Homeowners in ... PR Newswire (press release)
01.09.11
/PRNewswire/ -- Among homeowners insurance policyholders, those with flood insurance tend to be significantly less satisfied with their policy coverage, compared with policyholders who opt not to carry it, according to the J.D. Power and Associates 2011 U.S. National Homeowners Insurance Study(SM) released today.
Now in its 11th year, the study measures customer satisfaction with homeowners insurance companies by examining five key factors: policy offerings; price; billing and payment; interaction; and claims.
Fewer than one in 10 homeowners insurance customers in New England and the Mid-Atlantic states report carrying flood insurance prior to Hurricane Irene. While a higher proportion of policyholders in the Gulf states—more than 25 percent—carry flood coverage either through their homeowners insurance company, state flood plans or another provider, this is still a relatively low proportion, considering the frequency of hurricanes and other severe weather events in the region.
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Michigan Car bInsurance Comparison/b Online » Michigan, These b.../b
Auto insurance is one industry which always remains full of activity due to several various reasons. Most of the potential auto insurance buyers do not get correct and timely information about the suitable coverage they need, the extent of risk that must be covered by them, cost of coverages, claim processing, customer service, etc. For this very reason, the internet has provided a way to help consumers complete a car insurance comparison to ensure that they are receiving reliable protection from a reputable company at an affordable price. Individual’s need to also take the time to understand the limits which are required by their particular state in order to be properly protected and abide by the state’s laws. Like any other state, Michigan requires that each owner and driver of an automobile must carry the proper liability coverage and it must be maintained at all times while their vehicle is being operated.
Minimum Liability:
Michigan auto insurance laws require No-fault insurance and it is against state law to operate a car without no-fault insurance. The minimum limits of a satisfactory policy issued has three parts:
Minimum BI/PD coverage limits for the state of Michigan
Up to $20,000 for a person who is injured or killed in an accident. Up to $40,000 for more than one person are hurt or killed. Up to $10,000 for property damage.
These limits are often described as 20/40/10.
However, in case of legal proceedings, courts sometimes award more than these minimum limit amounts. In such case, the insured would be responsible for paying the amount not covered by the limit on the policy. To protect themselves against these situations, consumers should compare additional coverage in order to ensure that they have adequate protection. If within a person’s budget, they can choose higher limits to protect against incurring financial hardship in the event that they are involved in a collision in which they are found to be at fault and their policy’s payout has been exhausted.
