Blog - Illinois Insurance Hotline

Information covered in the Illinois Insurance Hotline blog is intended to provide general information and guidance, and should not be considered legal advice.

Lightning Awareness - Part 2

Jun 5, 2019, 2:56 PM

A direct lightning hit may result in fire or cause an electrical power surge. People often turn to an insurance company for help repairing or replacing lightning-related property damage. Traditional homeowners insurance does, in fact, cover damage caused by lightning or fire. There may be limited coverage for personal property as well. However, adequate insurance must be in place before a loss occurs. Click on the link below to learn more.

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Lightning Awareness Month - Part 1

May 29, 2019, 10:30 AM

Lightning strikes occur most often in the summer months, leading the National Weather Service to declare June 'Lightning Awareness Month.' Lightning causes injury, death and thousands of dollars in property damage throughout the United States every year. Click on the link below to learn how to protect yourself, your family and your property.

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Whose insurance pays when two cars back into each other in a parking lot?

May 22, 2019, 10:13 AM

Fault in a parking lot accident is based on factors like which vehicle was moving, who had the right of way, speed, traffic signs and more. There is no clear right of way when two cars back up simultaneously without confirming an unobstructed aisleway. Individuals generally share responsibility 50/50 for this type of crash.

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Does depreciation affect personal property claims?

May 15, 2019, 9:52 AM

Yes. Most homeowners policies insure dwellings on a replacement cost basis but limit coverage on personal belongings to actual cash value. Check your insurance contract for specific loss settlement terms, including valuation.

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