Nevada Division of Insurance

It may be wise to purchase additional liability, bodily injury and medical payment insurance to cover your risk when you or your family is not in the home. If your secondary home or vacation home has a mortgage, your lender may require homeowners insurance just as it would for your primary residence. However, there may be additional stipulations in the policy because you only reside in the home for part of the year. Like with your primary homeowners insurance, it is important to review the policy for NAIC Consumer Alert: Property Insurance your secondary home every year and keep an up-to-date home inventory in case you would need to file a claim following a loss. See the DOI’s InsureU web page which contains links for a downloadable home inventory checklist and also links to mobile apps from the National Association of Insurance Commissioners for the iPhone and Andriod. If you’re renting a property or exchanging homes with another family this summer, your homeowners insurance policy might extend to the property where you’ll be staying.

The Colorado Division of Insurance regulates the insurance industry in Colorado. We help consumers by answering their questions, investigating their complaints, and helping them to understand their insurance. We regulate and monitor the insurance companies in Colorado, as well as insurance agents, making sure everyone is following the law. In order to be licensed, an insurer must demonstrate it meets the state’s minimum financial requirements to pay claims now and in the future.

Division of Insurance Consumer Service Unit

The app allows consumers to create and protect a record of your belongings and offers tips on disaster preparation and filing claims. This app has features that allow you to group your belongings by category, scan barcodes, upload and export photos, find disaster preparation advice, and review information about filing insurance claims. The Property and Casualty Branch of the Division of Insurance Product Regulation is responsible for the review of rates, rules, and forms of all admitted property and casualty insurance companies.Read More.. The Surplus Lines area regulates information written by a non-admitted insurance company in the Commonwealth. Surplus lines companies and brokers provide an alternative market for specialty and hard-to-place risks when coverage is not available from admitted insurance carriers. If you hope to make a little extra cash this summer renting your vacation home when you aren’t there, first review your insurance policy.

Separate enrollment is required for the Invoice Payments EFT Program and Tax EFT Program. Non-Resident License RenewalAll you need to know about renewing your non-resident license. Other ResourcesWe are providing additional information that you may find helpful. Find out more about insuring your summer fun – like your boat, ATV or covering your liability if you’re shooting off fireworks. Replacement Cost Coveragepays the full repair or replacement cost, without subtracting for depreciation, for materials of like kind and quality. All perils policies generally insure against all perils except ones the policy clearly excludes.

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The most basic policy insures only against the perils named in the policy, such as fire and theft. HO-3 coverage increased 3.1% countrywide from 2017, while HO-4 coverage decreased .6% between 2017 and 2018. Capital Markets Bureau Developments and trends in financial markets and insurer investments. Government Affairs Domestic and international policy and outreach initiatives. Liaison and Advisory Groups Representatives from diverse groups who provide varied perspectives on insurance regulatory issues. Conference Calls Access public conference call documents and information.

While a homeowner’s policy typically does not cover damages from an earthquake, consumers may be able to purchase a separate earthquake insurance policy or endorsement. The terms, conditions and exclusions in an earthquake insurance policy or endorsement will vary from one insurer to the next.

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The SCDOI is dedicated to keeping the public informed on how COVID-19 impacts consumers and insurance companies. Personal watercrafts will likely require a separate boat insurance policy. You might be able to purchase this policy from your homeowners insurer or you might choose to use an insurer that specializes in boat insurance. Get quotes and compare policies from several different places to get the best deal. We provide tools and resources to help regulators set standards and best practices, provide regulatory support functions, and educate on U.S. state-based insurance regulation.

Member Funding Access forms and tools to file expense reports, review Grant and Zone Scholarship balances, and access NAIC travel guidelines. The Department of Insurance, Securities and Banking through membership with the National Association of Insurance Commissioners offers an online Consumer Information Source . The CIS allows consumers to view a variety of information about insurance companies including financial information.

Licensing & monitoring insurance companies & insurance producers

The Department of Insurance is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool. This report contains data from Part I and Part II https://simple-accounting.org/ (Fire and Earthquake Policy Counts by County; Average Amounts of Coverage A and Coverage C limits by County) as of December 31, 2017. Electronic Funds Transfer ProgramsConvenient method for the payment of Invoices and Premium Tax remittances.

• That we update/add additional reports and/or charts in this page whenever there is a need to do so.
• California continues to experience shifts from lower amounts of insurance range to higher amounts.
• Homeowners policies apply to most owner-occupied single family dwellings and is modified slightly for apartments and condominiums.
• For more information about Insurance Fraud or where to report it, contact the following organizations.
• If you had to file a claim for a total loss could you list the value of every one of your destroyed possessions?
• If you have an umbrella policy in place to provide excess liability coverage, the policy should automatically extend to any new property you purchase or rent.

That means Insurance Fraud costs the average U.S. family between $400 and $700 per year in the form of increased premiums. The insurance industry consists of more than 7,000 companies that collect over $1 trillion in premiums each year. The massive size of the industry contributes significantly to the cost of insurance fraud by providing more opportunities and bigger incentives for committing illegal activities. This is for all insurers, producers, surplus lines brokers, bail bondsmen, and other licensed or authorized persons transacting the business of insurance in South Carolina.Read on… Personal belongings you take on vacation – such as a laptop, camera or clothing – are generally covered by your primary homeowners policy. Read your homeowners policy before going out of town so that you know if there is a maximum amount it pays for a loss.

To find the service of process for a company, please select “name” as search type and the name of the company you wish to serve. Once you’ve selected a company, the contact information for service of process will be listed. If the company doesn’t have a reporting system or fraud hotline, call or write the company headquarters. Asset diversion often involves acquiring control of an insurance company with borrowed funds. After making the purchase, the subject uses the assets of the acquired company to pay off the debt. The company left to pay the claims is often a business the conspirators have set up to fail.