Homeowners Insurance In Alabama

Storms to have little effect on insurance rates

TUSCALOOSA | State Insurance Commissioner Jim L. Rid-ling said Wednesday that the devastating tornadoes that tore through Alabama in April will have little effect on property insurance premiums.

“I have never seen as much widespread violence and destruction as I have seen in Alabama,” Ridling told more than 200 insurance industry representatives attending the annual Insurance Day at the University of Alabama’s Bryant Conference Center.

He said insurance companies are treating the tornado outbreak as a once-in-250-year event, which he said should help ease homeowners’ concerns over premium increases after the storms.

Ridling said adjusters coming in from other states were united in praising the spirit of Alabama residents following the storms.

In other comments, Ridling said the Alabama Department of Insurance is working on five major issues affecting the state’s insurance industry:

n The affordability of home-owner insurance on the Gulf Coast.

n Making sure Alabama is doing what needs to be done to meet the challenges of the Patient Protection and Affordable Care Act approved by Congress and signed into law last March.

n Transparency in the insurance rate making process.

n Enacting an insurance fraud law in Alabama.

n Expanding the state’s insurance regulations to include jurisdiction over out-of-state adjusters operating in Alabama.

On the issue of homeowner insurance along the Gulf Coast, Ridling said that in the past, insurance companies were quick to return to the coast after a hurricane, but because of modeling — the ability to predict where and when a hurricane will strike — companies will no longer rush to provide coastal home insurance.

He said people of “modest means” who live along the coast are being asked to pay higher insurance rates than their house payments, and he called for stronger structures that can better withstand hurricanes.

Cheap Homeowner's Insurance Companies Online in Alabama ...

Alabama homeowners, like homeowners all across the country, are looking to save as much money on their home insurance as they possibly can. One way to do this is to find cheap homeowner’s insurance companies online, but did you know that there are several little things you can do that will save you even MORE money every month?

If you pay your premium automatically each month out of your checking or savings account, and the insurance company doesn’t have to send you an expensive bill then you’ll save several dollars on your insurance every month.

If anyone in your home has reached retirement age then you’ll also save money month after month. Having someone in the house most days prevents accidental fires and allows for the fast detection of other problems that could develop into claims and so the insurance company rewards you with lower rates.

If you’ll take a few minutes and add motion-sensitive lighting to your property and make certain every exterior door has a deadbolt and that every window has a working lock then you’ll also save money every month.

Buying a 24/7 home protection system can save you quite a bit on your insurance every month – as much as 20% depending on the system you purchase. If you run any type of home-based business you may be in for a pleasant surprise – you may save even more with a tax deduction for a portion of your system.

Buying a kitchen-approved fire extinguisher and mounting it in your kitchen can also save you several dollars each and every month.

Many people buy home insurance with a standard $500 deductible and never think twice about it. But did you know that if you double your deduction to $1000 you can reduce the cost of your homeowner’s insurance by as much as 25%?

Be sure to include as many of the suggestions for saving money in this article as you can into the form on at least three different home insurance price comparison websites so that you can save the most money that you possibly can. Just remember that if you want the best chance of finding cheap homeowner’s insurance companies online here in Alabama then you are going to have to compare the result from at least 3 different websites.

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