The Indiana Department of Insurance (IDI) says that the insurance industry is one of the state's biggest employers. So, this means that homeowners in Indiana have a lot of insurance choices. Because the insurance industry is so big, there need to be strict rules to protect consumers.
Here are a few things that Indiana homeowners should know about home insurance:
If your homeowner's policy is being canceled because you haven't paid your premiums, you must be given written notice at least 10 days before the policy is canceled.
IDI requires that you get a notice at least 20 days before your policy ends if your insurance company does not want to renew it. As a customer, you should try to talk to your insurance company about extending the 20-day notice to 30 or 60 days. If your policy is being canceled for a reason other than not paying, you'll need the extra time to look for new coverage.
If your policy doesn't cover flood damage, it must say so on the front of the policy or you must be told in writing that you may be able to get coverage through the National Flood Insurance Program.
In some counties in southwestern Indiana along the Illinois Coal Basin, the insurance company must tell you about mine subsidence coverage when they give you a policy. This coverage is for homes built over mines that may collapse or slowly sink.
IDI also tells insurance companies how much they can charge you if you accidentally write a bad check. Their fee can't be more than $20. (this is in addition to the charge issued by the banking institution).
Please look at our list of links below to find the best insurance quotes with the lowest rates on the web. This is a good place to learn about insurance and get quotes for low rates.
Getting insurance for a home in Indiana
The Indiana Department of Insurance (IDI) says that the insurance industry is one of the state's biggest employers. So, this means that homeowners in Indiana have a lot of insurance choices. Because the insurance industry is so big, there need to be strict rules to protect consumers.
Here are a few things that Indiana homeowners should know about home insurance:
If your homeowner's insurance policy is being...
The Indiana Department of Insurance (IDI) says that the insurance industry is one of the state's biggest employers. So, this means that homeowners in Indiana have a lot of insurance choices. Because the insurance industry is so big, there need to be strict rules to protect consumers.
Here are a few things that Indiana homeowners should know about home insurance:
If your homeowner's policy is being canceled because you haven't paid your premiums, you must be given written notice at least 10 days before the policy is canceled.
IDI requires that you get a notice at least 20 days before your policy ends if your insurance company does not want to renew it. As a customer, you should try to talk to your insurance company about extending the 20-day notice to 30 or 60 days. If your policy is being canceled for a reason other than not paying, you'll need the extra time to look for new coverage.
If your policy doesn't cover flood damage, it must say so on the front of the policy or you must be told in writing that you may be able to get coverage through the National Flood Insurance Program.
In some counties in southwestern Indiana along the Illinois Coal Basin, the insurance company must tell you about mine subsidence coverage when they give you a policy. This coverage is for homes built over mines that may collapse or slowly sink.
IDI also tells insurance companies how much they can charge you if you accidentally write a bad check. Their fee can't be more than $20. (this is in addition to the charge issued by the banking institution).
Please look at our list of links below to find the best insurance quotes with the lowest rates on the web. This is a good place to learn about insurance and get quotes for low rates.
