To assist in the recovery process after a wildfire, the Triple-I has compiled useful information around post-disaster safety, insurance coverage questions, and detailed guidance on how to file a claim. In addition, resources specific to those in California and Colorado affected by wildfires are also included. Wildfire protection for businesses | 3 key steps to simplify filing claims
Following a hurricane or other disaster, getting back to normal can take some time. To assist in the recovery process, the Triple-I has compiled useful information around post-disaster safety and provides answers to common insurance coverage questions, including how to file a claim.
The 2020 poll, conducted during pandemic lockdowns, found that many auto insurers offered consumers a wide variety of benefits to consumers — premium credits, partial refunds, forgiveness of late payment and more. Homeowners have made strides in disaster prep, but lack understanding on coverage.
DOMESTIC INSURANCE COMPANY- Term used by a state to refer to any company incorporated there.
SURETY BOND- A contract guaranteeing the performance of a specific obligation. Simply put, it is a three-party agreement under which one party, the surety company, answers to a second party, the owner, creditor or “obligee,” for a third party’s debts, default or nonperformance. Contractors are often required to purchase surety bonds if they are working on public projects. The surety company becomes responsible for carrying out the work or paying for the loss up to the bond “penalty” if the contractor fails to perform.See Full Glossary
For immediate release New York Press Office: (917) 923-8245; firstname.lastname@example.org NEW YORK, Sept. 25, 2020—The western U.S. Read More