, major insurance companies across the U.S. are now flying drones to take images of customers’ homes and cancel their policies.
These companies are even deploying manned airplanes and high-altitude balloons to scope out customers’ houses — with the industry-funded Geospatial Insurance Consortium airplane imagery program covering 99% coverage of the entire U.S. population. Insurers claim that customers agree to home inspections when they purchase a policy and that photographing properties from the sky is less intrusive than the home visits used in the past.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Best long-term care insurance companiesWant to cover the costs of a nursing home or caregiver? Then consider the best long-term care insurance companies.
Source: CBSNews - 🏆 87. / 68 Read more »
Internet-connected cars may share driver info with insurance companiesSome internet-connected vehicles are sharing our driving habits with our insurance companies.
Source: KSLcom - 🏆 549. / 51 Read more »
Sherman Oaks businesses struggle to find coverage as more insurance companies drop Calif.After a Sherman Oaks restaurant was left shaken by arsonists who lit a nearby dumpster ablaze, its owner is also left scrambling since its insurance carrier…
Source: NBCLA - 🏆 319. / 59 Read more »
Biden's Plan to Cut Costs for Homebuyers Faces Backlash from Title Insurance CompaniesPresident Biden is seeking ways to cut costs for homebuyers by trimming fees associated with loans and eliminating title insurance for some borrowers. This move has faced backlash from title insurance companies, who argue that it would do little to lower housing costs while raising risks for buyers and taxpayers. Lower housing costs are a key focus of Biden's reelection campaign platform as Americans struggle with high rent and mortgage rates.
Source: WashTimes - 🏆 235. / 63 Read more »