A lot goes into the purchase of a home. Buyers have real estate agents, mortgage companies, appraisers, loan signing agents and more to help them secure what may be the purchase of a lifetime. It should be no different when it comes to getting the help needed to secure the best homeowners insurance. That is why Reviews.com researched 99 insurance providers to help homeowners find the top choices.
What’s the Big Deal?
The whole point of insurance is to cover the unexpected and to protect assets. Homeowners insurance starts with a standard policy, but it is crucial to understand that no two policies are alike. Each case is unique and each policy must be tailored to the needs of each case. Homeowners liability coverage includes third party protection in such cases as dog bites, slips and falls or other incidents that can be brought to bear upon the homeowner. It is more a matter of considering the personal assets and tailoring limits that help to protect individual risk.
Homeowners insurance is regulated at the state level making the playing field even more diverse. Some territories are prone to earthquakes, storms or hurricanes. Caveat emptor, “Let the buyer beware,” need not stop at the threshold of the new home.
Seeking the Appropriate Help
Less a matter of hiding pertinent information from the buyer and more a matter of so much information to digest, the expenditure of time in finding the right homeowners insurance coverage is a given. How does the homeowner know what questions to ask, let alone what coverage is specifically designed for every unique scenario?
Reviews.com Has Done the Heavy Lifting
Reviews.com set out to seek the best plan; one that includes coverage options, financial strength and reliable customer service. Relying on reputable resources, Reviews.com consulted the following:
- Insurance Information Institute
- State insurance department websites
- D. Power’s annual U.S. Household Insurance Study
- Consumer Reports
Financial Strength Ratings Agencies:
- M. Best
- Standard & Poor’s
- Moody’s
The goal of this comprehensive review was to focus on providers that are largely available to a wide cross-section of the population, financially dependable over the long term and willing to underwrite an “open perils” policy versus named perils coverage. Companies that do not actually underwrite, carry the risk or design their own policies were not considered.
Going beyond the mere promise of offering great homeowners insurance, this review dug deep into the tools to help buyers select the right coverage for them. This included exploring the available endorsement options, unique discounts and customer satisfaction. This review of the best homeowners insurance is an invaluable resource for direction and guidance in obtaining tailor-made protection for the home, for personal assets and for peace of mind in the claims process, should it ever come to that.
Their team rated Amica as the Best Overall provider due to its sky-high customer satisfaction with the all-important claims process. For first-time homeowners, they picked Allstate because of their excellence in educating prospective buyers about the intricacies of homeowners insurance. Check out their other top picks and full review here: http://www.reviews.com/homeowners-insurance/