CONSUMER TEAM ALERT: Homeowner’s Insurance Exclusions

Cynthia Rojas

April 21, 2016

(DALLAS-FT. WORTH, TX – Consumer Team News)   Homeowners count on their homeowner’s insurance policies to be there when they experience a loss.   It’s the nature of insurance and why we buy it.  Still, according to Consumer Team host Pete Thomson, there is a growing number of consumers who are discovering that their homeowner’s insurance doesn’t cover certain losses.   Exclusions on seemingly normal and routine claims such as roof damage and slow water leaks come as a big surprise to homeowners.  According to Thomson, the problem is a result of big insurance companies trying to be price competitive.  Thomson said, “The big insurance companies are trying to capture market share by offering lower priced policies.   However, as they slash premiums they’re also cutting coverage.  And consumers are largely unaware that they’re buying policies that have coverage exclusions.”    Thomson reports that the biggest insurance companies are the culprits.  He added, “It’s the biggest direct writers. It’s the big national companies that advertise all the time and have their names on football stadiums and blimps.”

Roger Harkins of Tri-Star Insurance Professionals

Roger Harkins of Tri-Star Insurance Professionals

To address the problem with insurance policy exclusions, The Consumer Team has launched a series of special broadcasts entitled ‘Bad Insurance’ on 1080 KRLD Radio, Dallas, Texas.   Roger Harkins, an independent insurance agent from Dallas, Ft. Worth is joining Thomson for the broadcasts.   Thomson called Harkins a valuable resource for the broadcasts.   He said, “Roger Harkins has been our insurance industry contributor for over 10 years.  With over 30 years in the industry, he understands the marketplace and is able to make solid recommendations to our listeners.”     Harkins is the owner of Tri-Star Insurance Professionals, a Dallas-Ft. Worth based independent insurance firm.

Thomson said that The Consumer Team insurance segments will be educational and address what consumers can do to make sure their homeowner’s insurance policies will cover them adequately.   Thomson said, “Roger and Tri-Star Insurance Professionals are offering Consumer Team listeners a free insurance check-up. They’ll analyze a policy and identify any exclusions that could create problems for a homeowner.  And because Tri-Star Insurance Professionals is a trusted choice agent, they can shop the market to a number of different insurance companies to find the consumer the very best deal.”

The Consumer Team with Pete Thomson is broadcast Saturdays from 6-8 PM Central on CBS Radio’s 1080 KRLD Radio.   The Consumer Team is produced by McQ Media, Dallas, Texas.