Insurance Blog

Did you recognize that in step with the Indiana Department of Insurance (IDI), the insurance industry is one among Indiana’s largest employers. That being said, meaning there are a number of insurance options for homeowners in Indiana. As a result of the insurance trade is so massive, there should be powerful regulation to make sure the protection of the consumer.

Here are some facts Indiana homeowners ought to remember of when securing Homeowners Insurance:

If your homeowners policy is being cancelled for non payment of premium, the notice of cancellation must be in writing and sent to you at least ten days before policy cancellation.

If your insurance company does not want to renew your policy, IDI needs the notice be sent to you at least twenty days before policy expiration.  As a shopper, negotiate with your insurance company to extend the 20 days to 30 or 60 day notice. If your policy is being cancelled for a reason other than non payment, you’ll want the extra time to shop around for replacement coverage.

If your policy does not cowl flood harm, it must be stated prominently on the policy jacket or, you need to be given written notice that flood coverage could be accessible through the National Flood Insurance Program.

In sure Indiana counties in southwestern Indiana along the Illinois Coal Basin, the insurance company should inform you of the availability of mine subsidence coverage (coverage for homes designed over mines that may collapse or slowly settle) once they issue the policy.

IDI conjointly regulates how a lot of an Insurance company will charge you for an inadvertent bad check.  Their charge may not exceed $20 (this is often additionally to the charge issued by the banking establishment).

Please see our list of references below to search out rock bottom rate insurance quotes on the web. Together with low rate quotes this is often a sensible supply of insurance information.

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