article thumbnail

Are Home Insurance Consumers Being Duped?

Property Insurance Coverage Law

Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims. While to some extent that may … The post Are Home Insurance Consumers Being Duped?

article thumbnail

Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power

Insurance Journal

Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer intelligence company said more people are shopping around. The good news for insurers is that only 2.2% actually switched—and that’s …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Markets/Coverage: Lemonade Expands Home Insurance Offering in UK

Insurance Journal

Lemonade, the New York-based insurtech, announced the launch of buildings and contents insurance in the United Kingdom in partnership with insurer Aviva. Expanding the company’s home insurance offerings in the UK, homeowners can now purchase extensive coverage for their home

article thumbnail

Claims Analysis: Roofs Define Luxury Homes’ Insurability

Insurance Journal

The insurance industry is facing a significant rise in roof-related claims. The combination of increasingly severe weather events, inflation-driven repair costs and the growing issue of roofing scams has created a perfect storm — one that is straining insurer portfolios …

article thumbnail

What Is Recoverable Depreciation in Home Insurance?

Property Insurance Coverage Law

What … The post What Is Recoverable Depreciation in Home Insurance? appeared first on Property Insurance Coverage Law Blog. In this blog, we cover what recoverable depreciation is, why it matters, and how it works in real-world scenarios.

article thumbnail

Does Credit Score Affect Home Insurance? A Closer Look

TGS

TGS Insurance » Blog Does Credit Score Affect Home Insurance? A Closer Look If you’ve ever applied for home insurance and wondered why your credit score comes into play, you’re not alone. How Credit Score Impacts Home Insurance At its core, your credit score is a measure of financial reliability.

article thumbnail

Tips for Lowering Your Home Insurance Premiums Without Sacrificing Coverage

Leadsurance

How to Reduce Home Insurance Premiums without Compromising on Coverage Home insurance is many people’s key protector; it provides one with the needed cover once loss or damage occurs. The good news is that one can reduce home insurance premiums without necessarily sacrificing the cover that you get.