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Compare Home Insurance

Your home is your castle. And in many cases, it’s your family’s largest investment.  As a result, home insurance is usually an easy sell – nearly everyone recognizes that it’s a necessity.  But you shouldn’t let your emotional investment in your home sway you to pay too much or settle for coverage that fails to provide the protection you need. Considering prospective insurance policies in light of the categories listed below should provide the guidance you need to choose the right home insurance policy (or policies).

Property Protection and Liability Coverage

Home insurance actually consists of two aspects: property protection and liability coverage. Property protection deals with incidents such as burglary and damage from fires and lightning storms. Liability coverage addresses circumstances such as injuries that occur to visitors to your home.  Beware of policies that provide bare bones or market value coverage. Such policies aren’t sufficient to provide replacement value for your possessions. You may also need additional riders to cover the replacement of valuable antiques, jewelry or other pricey items.  Available policy enhancements that allow you to add coverage to your account online without having to call an agent is a very desirable feature.

Customer Service and Claims Coverage

You might have seen the commercials where one policy holder with a claim makes a simple appeal and an agent appears instantly, where another policy holder with a similar claim has less luck summoning assistance.   The commercials are amusing, and the underlying point is valid as well. When you have a claim – or just have a question, ready access to customer service is essential. Look for companies that feature extensive business hours – or ideally offer 24/7 availability by telephone and email. Online support via live chat is desirable, but not essential.

Discounts and Perks

While you want to obtain adequate coverage, there’s nothing wrong with saving money.  Policies that offer discounts for installing security systems and fire safety devices can translate to significant savings.  You may also save money by bundling your home and auto insurance policies with the same company. Other policies provide cash back incentives or reductions in deductibles for each year that passes without filed claims – although you should never hesitate to file a legitimate claim simply to maintain a cash back incentive.

Additional Coverage

Many homeowners are shocked to learn – too late – that home insurance policies routinely do not cover floods. Depending on where you live, supplemental flood insurance or earthquake coverage may be a wise investment. If you live on a farm or in a manufactured home, you should ensure that your policy will provide coverage for your residence.

Company Viability

It’s difficult to imagine a worse scenario than discovering that the insurance policy you’ve been paying for all those years is worthless – because the company is insolvent.  Performing due diligence before making an investment can provide peace of mind that the company providing insurance for your home is also financially sound. Ensure that your insurance company is properly licensed to operate in your state. You should also check out any reports or profiles on file with oversight agencies like the Better Business Bureau.

Compare Home Insurance

Your home is your castle. And in many cases, it’s your family’s largest investment.  As a result, home insurance is usually an easy sell – nearly everyone recognizes that it’s a necessity.  But you shouldn’t let your emotional investment in your home sway you to pay too much or settle for coverage that fails to provide the protection you need. Considering prospective insurance policies in light of the categories listed below should provide the guidance you need to choose the right home insurance policy (or policies).

Property Protection and Liability Coverage

Home insurance actually consists of two aspects: property protection and liability coverage. Property protection deals with incidents such as burglary and damage from fires and lightning storms. Liability coverage addresses circumstances such as injuries that occur to visitors to your home.  Beware of policies that provide bare bones or market value coverage. Such policies aren’t sufficient to provide replacement value for your possessions. You may also need additional riders to cover the replacement of valuable antiques, jewelry or other pricey items.  Available policy enhancements that allow you to add coverage to your account online without having to call an agent is a very desirable feature.

Customer Service and Claims Coverage

You might have seen the commercials where one policy holder with a claim makes a simple appeal and an agent appears instantly, where another policy holder with a similar claim has less luck summoning assistance.   The commercials are amusing, and the underlying point is valid as well. When you have a claim – or just have a question, ready access to customer service is essential. Look for companies that feature extensive business hours – or ideally offer 24/7 availability by telephone and email. Online support via live chat is desirable, but not essential.

Discounts and Perks

While you want to obtain adequate coverage, there’s nothing wrong with saving money.  Policies that offer discounts for installing security systems and fire safety devices can translate to significant savings.  You may also save money by bundling your home and auto insurance policies with the same company. Other policies provide cash back incentives or reductions in deductibles for each year that passes without filed claims – although you should never hesitate to file a legitimate claim simply to maintain a cash back incentive.

Additional Coverage

Many homeowners are shocked to learn – too late – that home insurance policies routinely do not cover floods. Depending on where you live, supplemental flood insurance or earthquake coverage may be a wise investment. If you live on a farm or in a manufactured home, you should ensure that your policy will provide coverage for your residence.

Company Viability

It’s difficult to imagine a worse scenario than discovering that the insurance policy you’ve been paying for all those years is worthless – because the company is insolvent.  Performing due diligence before making an investment can provide peace of mind that the company providing insurance for your home is also financially sound. Ensure that your insurance company is properly licensed to operate in your state. You should also check out any reports or profiles on file with oversight agencies like the Better Business Bureau.

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Company

Reviews

Financial Strength Rating

Additional Details

Company Website

Liberty Mutual

Liberty Mutual

2
 
1
3 total votes
Financial Strength Rating
A
Excellent
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Claim Forgiveness
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Claim Forgiveness
  • Available 24/7 by Phone
USAA

USAA

1
1
2
4 total votes
Financial Strength Rating
A+
Superior
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Cosmetic Damage
  • Claim Forgiveness
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Cosmetic Damage
  • Claim Forgiveness
  • Available 24/7 by Phone
Lemonade

Lemonade

4
 
5
10 total votes
Financial Strength Rating
A-
Excellent
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
Show Additional Details
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
Esurance

Esurance

 
1
 
1 total votes
Financial Strength Rating
A+
Superior
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Claim Forgiveness
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Claim Forgiveness
  • Available 24/7 by Phone
Allstate

Allstate

 
 
3
3 total votes
Financial Strength Rating
A+
Superior
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Claim Forgiveness
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Claim Forgiveness
  • Available 24/7 by Phone
Mercury

Mercury

1
 
 
1 total votes
Financial Strength Rating
A+
Superior
  • Online Quote
  • Claim Forgiveness
  • Available 24/7 by Phone
Show Additional Details
  • Online Quote
  • Claim Forgiveness
  • Available 24/7 by Phone
Erie Insurance

Erie Insurance

1
 
 
1 total votes
Financial Strength Rating
A+
Superior
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Cosmetic Damage
  • Claim Forgiveness
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Online Quote
  • Loyalty Program
  • Liability
  • Reimbursed Living Expenses
  • Structure
  • Personal Belongings
  • Cosmetic Damage
  • Claim Forgiveness
  • Available 24/7 by Phone
State Farm

State Farm

1
 
2
3 total votes
Financial Strength Rating
A+
Superior
  • Online Quote
  • Loyalty Program
  • Liability
  • Structure
  • Personal Belongings
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Online Quote
  • Loyalty Program
  • Liability
  • Structure
  • Personal Belongings
  • Available 24/7 by Phone
MetLife

MetLife

 
 
1
1 total votes
Financial Strength Rating
A
Excellent
  • Online Quote
  • Loyalty Program
  • Liability
  • Structure
  • Personal Belongings
  • Claim Forgiveness
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Online Quote
  • Loyalty Program
  • Liability
  • Structure
  • Personal Belongings
  • Claim Forgiveness
  • Available 24/7 by Phone
GEICO

GEICO

 
 
2
2 total votes
Financial Strength Rating
A+
Superior
  • Online Quote
  • Loyalty Program
  • Liability
  • Structure
  • Personal Belongings
  • Cosmetic Damage
  • Claim Forgiveness
  • Available 24/7 by Phone
Show More
Show Additional Details
  • Online Quote
  • Loyalty Program
  • Liability
  • Structure
  • Personal Belongings
  • Cosmetic Damage
  • Claim Forgiveness
  • Available 24/7 by Phone