Fires should not cause home insurance premiums to rise

Suspicious fires have razed houses around North Waco for months, creating concern in neighborhoods hardest hit. But those blazes will not necessarily cause a spike in homeowners’ insurance premiums, local agents and a spokesman for the Texas Department of Insurance said.

Insurance companies typically take a long-term approach to calculating losses when they set rates and apply them to individual homeowners.
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To ensure smooth sailing, consider boat insurance

Are you a boat owner? Do you have boat insurance?
If you don’t have the right insurance policy in place, you could find yourself in choppy waters, warns Royal & Sun Alliance (RSA), the largest marine insurer in Canada. If you think you’re adequately protected under your home insurance policy, think again.

That’s rarely the case, since a typical home insurance policy often only offers coverage of up to $10,000 for boats, RSA points out. Having proper marine insurance ensures that a boat owner is properly protected in the event that something goes wrong, the insurance company stresses. RSA notes that Canadians are among the most active boat owners in the world and yet it’s believed that only roughly 25 to 35% of those have proper marine insurance policies in place.
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