Eugene J Solomon Insurance Agency

The insurance crisis has impacts on several levels of our economy

Fed Chair Jerome Powell warns there will be places where you may not be able to get a mortgage

Jerome Powell quietly warned there'd be places in the US where you ‘can’t get a mortgage’ — and he’s not wrong Mortgages may be harder to get in some states right now.

All California residents are going to be paying for the fires

State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market | CNN Business State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month.

Post updated above

For those of you affected by the devastating wildfire some ideas to help with process in the event of a claim

See if your carrier offers Loss of Use for mandatory evacuation expenses
Ask if your loss of use coverage has a total limit or is actual loss sustained.
It's going to take awhile to rebuild- know your options

Make a list of items in your house. All personal belongings.
This list can be used in making a claim once the process begins

It's not just the house but cars as well

Start searching ads for the year, make mileage of similar cars to the vehicles you've lost
It will help expedite your total loss claim and finding a replacement

An incredibly sad event- with some work we can make a hopeful future on the other side

CA LIC

There have been some earthquakes of late

Are you prepared for a significant event?

Build A Kit | Ready.gov These resources teach you to build an emergency kit filled with the items you need to survive on your own for several days after a disaster. After an emergency, you may need to survive on your own for several days. Being prepared means having your own food, water and other supplies to last for sever...