Information covered in the Illinois Insurance Association blog is intended to provide general information and guidance, and should not be considered legal advice.
Sep 19, 2017, 9:00 AM
A serious earthquake can cause extensive damage. A survey conducted by the Insurance Information Institute found 29 percent of homeowners insurance policyholders mistakenly think they are covered for earthquake damage. In fact, homeowners insurance policies exclude coverage for earthquake-related loss.
Sep 13, 2017, 6:26 AM
A total loss means the cost to repair damage from the car accident is close to or more than the value of the vehicle.
Sep 6, 2017, 4:45 AM
Standard homeowners insurance typically excludes earthquake damage but many insurers offer coverage as a policy add-on.
Aug 23, 2017, 6:36 AM
Most people own more personal property than they realize. Be sure your homeowners or renters insurance policy provides enough insurance on your belongings.
Aug 16, 2017, 7:57 AM
Residential theft accounts for nearly 72 percent of all burglary offenses according to FBI crime data. The statistics go on to indicate the average residential theft loss is about $2,300. Homeowners can take pro-active steps to avoid home break-ins.