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Maryland Insurance Administration: Need to Make Repairs? Be Sure to Protect Yourself

NEED TO MAKE REPAIRS AFTER THE STORM? BE SURE TO PROTECT YOURSELF Homeowners who face repair projects following this weekend’s storms should take steps to protect themselves financially, urges Maryland Insurance Commissioner Therese M. Goldsmith. Home repair fraud tends to increase after widespread damage. Consumers should follow the steps below when choosing whether to hire  Read the Rest…

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MARYLAND INSURANCE COMMISSIONER CLARIFIES INSURANCE COMPANIES’ UTILIZATION OF PERCENTAGE DEDUCTIBLES FOR HOMEOWNERS IN AREAS AFFECTED BY HURRICANE IRENE

Baltimore, MD  Maryland Insurance Commissioner Therese M. Goldsmith today issued Maryland Insurance Administration Bulletin 11-25 to remind property insurers that Maryland law provides that “hurricane deductibles” pay be imposed only in limited circumstances.  To lawfully impose a percentage deductible for hurricane damage, the insured’s home must be located in a part of Maryland that was  Read the Rest…

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