Blog/News Room

Blog/News Room

16
Sep

Why Product Development is Crucial to Superior Insurance Protection

Over 300 years ago in 1686, some of the first documented product development was put into practice in Lloyd’s Coffee House in London.  From this common meeting place for sailors, merchants and shipowners, Lloyd’s of London has grown into the insurance market we know today. Back then, the simple written “marine product” provided much needed protection for valuable[...]

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23
Aug

Understanding the Claims Process: What to Do When Your Home is Damaged

When you suffer damage to your home, your priority should be to ensure your and your family’s safety.  After you’ve done this, your next step should entail contacting your insurance provider to report any loss or damage. At this time, your provider will begin the claims process by filing a claim and providing you with the claim number. During this initial[...]

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15
Jul

How Insurance Companies Stay Insured: Reinsurance and Risk Management

Insurance companies manage their risk in many ways. Risk Management can be accomplished by targeting certain regions or types of product offerings, introducing more conservative underwriting guidelines or individual risk evaluation, and by having others share in the risk for a fee. This risk/reward metric is used to stabilize growth, smooth financial results and[...]

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11
Jun

Homeowners: Here’s What To Expect From A Water Mitigation Contractor

If your home has suffered water damage, it is important to stop the source of water intrusion and remove the moisture as soon as possible to prevent any additional damage.  All water damage restoration jobs are unique, and a professional mitigation contractor can assist you in determining the work that is required to protect your home from continuing damage and[...]

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03
Apr

2018 Financial Year in Review

As we enter Spring, we can look forward to warmer weather, allergies, and increased home selling and buying.  In the worlds of finance officers and accountants, putting the finishing touches on 2018 year-end financials and wrapping up audits, are keeping us busy.  Before we say goodbye to 2018, let’s look at Lighthouse’s 2018 financial year.

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21
Dec

HO3 or DP3?

With so many different types of coverages, it’s easy to get confused. When you’re looking to insure your personal property, the most popular policies are Homeowners (HO3) and Dwelling Fire (DP3). While both provide sufficient coverage for your property, it’s important to know which type of coverage is the best for your home. Not only can the type of policy affect[...]

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21
Sep

Tips for Filing a Claim After a Hurricane

While double-checking that all items on your hurricane prep checklist are accounted for, take time to review your homeowner’s insurance company’s steps to file a claim. If a storm comes through and causes damage, the question is always “to file a claim or not to file a claim?” To help you make the best decision for your situation, we’ve put together some tips on[...]

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02
Jul

Three Tips for Filing a Homeowner’s Claim

Life happens. Home insurance is there to provide protection against the unexpected. When you’re dealt the short stick, it’s important to know your provider’s claim process. Regardless of your carrier, follow these three tips when filing a claim.

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19
Jun

Why is flood coverage not included in homeowners insurance?

Between Hurricane Harvey and Hurricane Irma, there were over 95,000 paid losses reaching $8 billion in 2017. Many were shocked to learn that the flood damage to their home was not covered by their homeowners insurance and was left wondering “why?” The short answer? It’s a high risk.

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13
Jun

Settling into Being an Empty Nester

Welcome to a new chapter in your life. Your children have left and you find yourself as an empty nester. It’s time to relish in your children's accomplishments and feel proud they are starting their own life. This new phase is exciting and allows a freedom to start the next chapter of your life. Below are some tips to help you settle into your new life.

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