Home Insurance

Lenders require homeowners insurance as a condition of providing mortgages. This section provides information on how to purchase home insurance and how to get fair claims payments, particularly in the wake of catastrophic events like hurricanes. We study the sharp cutbacks of coverage in the homeowners policy and the steps insurers have taken to shift much of the hurricane risk back onto their policyholders and taxpayers. We also study certain abusive practices, such as overpriced title insurance and force-placed insurance, explaining why such policies are greatly overpriced as a result of insurers paying kickbacks to lenders and others who steer business to them.