Best Home Owners Insurance Companies. Here, Homeowners insurance provides cover for homes against such disasters as fire, theft, storm, hurricane etc. It provides protection for damages to people’s homes.
Owning a home is basically one of the biggest investments that people make in their lives, so purchasing an insurance for this investment is very important.
Read Here: California Home Insurance
Depending on many factors, every home should have an insurance cover. This is because damages may happen at any time. Choosing the best insurance policy for your home is key when shopping for insurance. Knowing the best insurance companies will also help to narrow your search.
1. Lemonade
This company was founded in 2015 and it operates online. Lemonade provides a list of insurance covers and policies. These include home insurance, per insurance, term life insurance etc. The most intriguing thing about lemonade is that it operates entirely online.
Whether filing claims or checking quotations. Lemonade is a public benefit corporation. The company allows customers to transfer their excess premiums to the charity of their choice. This way, their customers can contribute to humanitarian projects.
Homeowners insurance plans available on lemonade
1) Dwelling coverage
Here, the company pays to rebuild the insured house or structure when damaged in a covered claim.
2) Other structures
These include other structures on your property that are damaged. They include barns, garages, fences etc
3) Personal property
This covers your furniture, electronics, appliances etc and other household items that have been damaged.
4) Liability coverage
This covers the loss or damage of other people’s belongings by you. The liability provides coverage even in the case of bodily harm to another person by you both on or off your property.
5) Medical payments
This covers hospital bills against injuries or damages to guests within your property
The cost of lemonade homeowners insurance is largely dependent on the size of your property and its specifications, age etc. You should make adequate enquiries and provide details of your property to be sure of the exact premium.
READ MORE: Reason To Save Money
Discounts Offered by Lemonade
1) Bundling: When you purchase multiple policies from lemonade, you will qualify for this discount.
2) Annual payment plan: When you pay your premiums in full each year, you will also receive discounts. Other discounts also apply.
How To Buy Lemonade Insurance
Download the mobile app or visit their website to get started. When you open the home page, click on the ‘ check our prices’ button. Here, you are expected to provide information about your home like the address, size, age and number of rooms.
You will get the quote for your property. When you buy the insurance, ensure to keep the app to file for claims.
To file a claim on lemonade, click on ‘file a claim’ button on the app or website. Fill the forms with the required information. Also provide your account details for payment.
Advantages Of Lemonade
1) Their give back program donates excess premiums to charity as selected by their customers.
2) The entire services and transactions are done online through their mobile app.
3) This company offers a robust insurance policy which covers the house registered as the home and other detached structures within the premises. It also provides cover for other things like lawsuit, water back up, service line coverage etc.
Disadvantages Of Lemonade
1) Absence of physical agents to take charge of customers complaints and problems.
2) Their services are more expensive when compared with other companies. The customers of lemonade are required to download the mobile app and manage their policies from there. From checking quotes to buying the insurance policy down to filing and reporting problems and claims.
This act can be a good thing for some people, but for others it is not so good especially when they require a physical meeting to discuss their peculiar experiences.
3) The services of lemonade are only available in 23 states and Washington DC.Â
READ MORE: Home Insurance in Texas
2. USAA
USAA was founded in 1922 and is open to only to active military members, the veterans and their families. It is one of the largest home insurance companies in the USA. USAA provides home insurance policies that are usually lower on price compared to other companies.
This company is available throughout the country and Washington DC.
Insurance Policies Available On USAA
1) Dwelling
This covers the repair of damages in the structure of your home.
2) Personal Property
This covers the repair or replacement of personal properties such as furniture and equipment.
3) Loss Of Use
This covers the cost of temporary lodgings in hotels when the customer needs to stay in hotels when their home is undergoing repairs.
4) Personal Liability
This pays for damages or injuries which occur to other people or their belongings which is caused by you.
5) Other Structures
This pays for damages on unattached structures like barns, fence or shed within your property.
USAA also offers Military uniform coverage, Replacement cost coverage, Identity theft coverage etc.
Discounts Offered By USAA
1) You can get 10% for your car when you insure it with USAA.
2) Get up to 10% off for up to 5 years of not filing for claims.
3) You also get discount when you buy and install smart home devices.
How To Buy USAA Insurance Policy
You can go through their website or through their mobile app. Through the mobile app, you can pay your bills, file and track a claim and manage your policies.
To make a claim on USAA, you can do this through the mobile app ir their website. You can also do this by dialing 800-531-8722.
To contact their customer service, dial 800-531-8722. The service is available on weekdays.
Advantages of USAA
1) They have relatively lower rates when compared with other companies
2) The company is available nationwide.
Disadvantages Of USAA
1) Their services is not available to everyone. To qualify, you must be active in the military, a veteran or you a related to one.
Read More: Home Insurance In New Jersey
3. Allstate Homeowners Insurance Company
This is the second largest home insurance company in the US. With a wide range of coverage options to offer, Allstate homeowner insurance definitely worth a mention. This company is available in all 50 states and Washington DC. You can download their mobile app and manage your policies there.
Types Of Coverage Offered By Allstate
1) Dwelling:
This covers the cost of repairing the structure of your home.
2) Medical payments
This provides coverage for injuries sustained by guests in your home or property.
3) Personal liability
This covers legal expenses or damages which you cause to other people or their properties.
4) Loss of use
This covers the cost of hotel lodging when your home is undergoing repairs.
5) Other Structures
Covers damage to other structures unattached to your home but within your premises.
Discounts Available on Allstate
1) Welcome and loyalty discounts
2) Claim-free discount
3) Auto pay discounts
Read More: Protect Your Michigan Property Today
How To Buy Insurance Policy On Allstate
To buy insurance policies on Allstate, you can choose between the mobile app or the website. You can pay your bills, file for complaints, contact the customer care through app.
4. State Farm Homeowners Insurance
This was founded in 1922. This company sells insurance in every state except Massachusetts and Rhode Island.
Types Of Coverage Offered By State Farm
1) Dwelling: This covers the damages and repairs to the structure of your home.
2) Personal Liability: This provides coverage to damages that you may cause to other people and their properties.
3) Medical Payments: This provides coverage for injuries sustained by your guests in your home.
In addition to these standard policies, state farm also has other additional benefits.
Discounts Available By State Farm
State farm offers less discounts when compared to other companies.
Filling For Claims
You can contact the company through their website, mobile app, and customer service agents. You can contact the customer service by dialing 800 – 782 – 8332. You can track your claim through the web site or mobile app.
5. Amica Homeowners Insurance
This company is available in all states and Washington DC except Alaska and Hawaii.
Types of Coverage Offered By This Company
1) Dwelling:
This covers the cost of repairing the structure of your home.
2) Medical payments
This provides coverage for injuries sustained by guests in your home or property.
3) Personal liability
This covers legal expenses or damages which you cause to other people or their properties.
4) Loss of use
This covers the cost of hotel lodging when your home is undergoing repairs.
5) Other structures
Covers damage to other structures unattached to your home but within your premises.
Discounts Available By Amica
Amica offers few discount when compared to other companies. They offer discounts for things like bundling home and auto insurance, staying for a long time without filing claims.
Filing Claims
You can either follow their website or mobile app.
6. Openly Home Insurance
This company started operations in 2019 and it covers 20 states. It’s clientele cuts across people who have high value properties.. They sometimes offer additional features to the standard policies with an added cost when compared to other companies.
The second difference between openly and other companies is that instead of getting quotes and buying policies online, openly sells their policies through independent insurance agents.
Types Of Coverage Provided By Openly
1) Dwelling:
This covers the cost of repairing the structure of your home.
2) Medical payments
This provides coverage for injuries sustained by guests in your home or property.
3) Personal liability
This covers legal expenses or damages which you cause to other people or their properties.
4) Loss Of Use
This covers the cost of hotel lodging when your home is undergoing repairs.
5) Other Structures
Covers damage to other structures unattached to your home but within your premises.
In addition to these coverage, openly also provides these coverage as well.
- Water seepage coverage
- Tress/ shrubs coverage
- Water back up
- Buried utility lines
- Equipment breakdown etc.
Discounts Available By Openly
The company offers a bundling discount when a customer purchases 2 types of policies from the same agent. The discount available varies by state.
The major problem of openly is that the website lacks the quote function. You cannot get a quote online. You can only submit your request online and an agent will contact you. Openly also does not have a mobile app.
Filing Claims
You can file a claim online or by dialing 857 – 990 – 9080. You can also contact the company through their email or website live chat.
7. Nationwide Homeowners Insurance
This is one of the home insurers in the US. Their services are available in many states. Though their services are a bit more expensive in comparison with other companies, but they also offer awesome discounts. Their services are available in Washington DC and other states except Alaska, Hawaii and Louisiana.
Nationwide Standard Coverage
1) Dwelling:
This covers the cost of repairing the structure of your home.
2) Medical payments
This provides coverage for injuries sustained by guests in your home or property.
3) Personal liability
This covers legal expenses or damages which you cause to other people or their properties.
4) Loss Of Use
This covers the cost of hotel lodging when your home is undergoing repairs.
5) Other structures
Covers damage to other structures unattached to your home but within your premises.
In addition to these, Nationwide also provides ordinance coverage. Here, the company pays to renovate your property to the current standards and codes. Other coverage include Extended replacement costs, Better roof replacement, Additional valuables coverage, water back up coverage etc.
Discounts Available By Nationwide
1) Multi-policy discount: Here, when you buy both auto and homeowners insurance, you qualify for this discount.
2) They offer claim free discount
3) They offer discounts for new customers
4) People who install smart home technologies in their property enjoys a discount. Etc
Where To Buy Nationwide Insurance
1) Through the website: You can manage your policy on the website. You can also file and track claims, pay bills and access all the other services on the website.
2) You can also download the mobile app and manage your policies there also.
How to Reach Nationwide Insurance Company
You can dial 877 – 669 – 6788 to speak with a representative or you can use the chat box function in their website.
The major advantage of nationwide insurance is their spread. They are available in most states and are accessible to everyone.
Conclusively, I hope you enjoy this article , an you truly do.. please hit the SHARE button. Let your friends an follow know the right Insurance Company to use for their family.
Please Help Share This Post
