As millions of Americans hold tight to their jobs and corporate America continues to downsize, we can all feel the ripples of the recession affecting our lives, finances and families.

In fact, as household budgets tighten and salaries shrink or disappear completely, a new study by the Insurance Research Council (IRC) shows that many people may drop their auto insurance policies altogether due to unemployment, resulting in millions more uninsured drivers hitting the road over the next year.

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Last spring Georgia residents were pummeled by a devastating tornado, so significant that the President declared it a federal disaster area.  While federal relief helps, it is even better if homeowners   have the proper insurance in place to restore their lives to normal.  So for home owners living in similar geographic locations, follow the lead of those residents purchasing the right Georgia Home Insurance.

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Hosting a Christmas Party at your house?  Make sure your guests are able to drive before they leave, or you could be liable for their accidents.  Worse still,  you may be unprotected in such an instance, based on a recent Supreme Court case which ruled that a West Virginia Home insurance company was not liable for damages stemming from a fatal alcohol-related accident.

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Most people assume that every home insurance policy includes coverage for flood repairs.  The truth is flood insurance is only available through a federal program.   Now some Washington state officials are concerned because so many residents have failed to purchase this protection  as part of their Washington home insurance coverage.

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Recent fires have forced hundreds of California residents from their homes, and suddenly the Additional Living Expenses portion of home insurance policies has become very important.  Since every homeowner faces the possibility of being forced to live away from home due to fire or other damage, it is a good idea to know just what “Additional Living Expenses” means. 

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During the recent fires in California, many homeowners were forced to leave their property because of mandatory evacuation orders.  Once past the shock of the event, reality starts to hit.  Until they can move back into their homes, the immediate question is “Where am I going to live?” followed instantly by “How will I pay for it?”  The answer is Loss of Use insurance, part of their home insurance policy.

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Almost 250 homeowners have applied for a buyout of their homes following last summer’s flooding, but federal funding of $25-$35 million may not be enough to cover all the requests.  Traditional Wisconsin home insurance policies do not cover flooding, so homeowners without a policy from the National Flood Insurance Program have no coverage in flood situations.

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Imagine having to pay for something you could never, ever use.  That’s what was happening to Pennsylvania homeowners, who were being forced to purchase home insurance that included the value of the land.  But now, thanks to the Mortgage Property Insurance Coverage Act, buyers of Pennsylvania home insurance will no longer have to buy this useless coverage

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A new, sad phenomena is occurring across the land. Firefighters are doing it, police officers are doing it, friends are doing it for other friends. “It” is burning a car for the auto insurance money. Many confused souls think this is the answer to overwhelming car payments or other financial troubles. Instead it becomes the source of a whole new set of problems.

The process seems so simple. Drive the car to a remote place, pour some gasoline on the seats and light a match, then go home and report the car stolen. Seems like a good idea – at the time.

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With Nevada’s hot climate, swimming pools are extremely popular in the state.  What a great way to cool off.  Many families have swing sets and trampolines as well, to keep the kids occupied.  Having all  this outdoor equipment is great fun, but it does pose an added risk that someone can get hurt, which means that homeowners need to make sure that their Nevada home insurance policies provide full coverage against the extra risk.

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