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Surviving the 'hard market' in home owners insurance.(CR Investigates)(Product/Service Evaluation)
You used to be able to take homeowners insurance for granted. No longer. According to a study by the Independent Insurance Agents and Brokers Association of America, some 51 million households received price hikes from 2001 to 2003. Worse, an estimated 2.5 million families lost their coverage, and 27 percent of them have failed to final comparable policies.
William Weizel, 60, of Bowie, Md., ran smack up against the problem in 2002. His carrier, Nationwide Mutual Fire Insurance Company, dropped him after he and his wife filed three storm-related claims in three years, including one for a lightning strike that took off part of their chimney and damaged the flue. ...
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