Homeowners insurance, commonly known as home insurance, is synonymous with home ownership. Not only do most lenders need it when you buy a property, but the coverage provided by a decent policy might save you from financial ruin if a calamity or disaster strikes. Homeowners insurance protects your most valuable possession by covering the costs of rebuilding your home’s structure or replacing your valuables. It also covers personal liability and other unforeseen costs. Here’s a look at the top home insurance companies in the country.
Lemonade
Lemonade has been operating in the home insurance sector since 2015, offering a streamlined, technology-based alternative for obtaining house insurance and submitting claims. It also sells renters insurance, life insurance, and pet insurance, and consumers can save money by bundling multiple policies. Lemonade’s homeowners insurance plans are currently available in 23 states, as well as Washington, D.C. Lemonade is one of the best options for homeowners who want a simple claims process and don’t want to deal with insurance brokers. Because the company employs machine learning and AI bots to diagnose claims and make reimbursements, it frequently settles claims much faster than many competitors. Given its generous giveback program, user-friendly website, and smart mobile app, Lemonade makes a great choice.
State Farm
State Farm is, at present, one of the nation’s leading insurers. The company’s home insurance plans are available in all 50 states. Online quotes, however, are not available in every state. State Farm provides substantial discounts for bundling and claim-free periods. The company is well known for serving its customers through a network of local agents, providing a customized customer care and claims filing experience with an agent near you. Some homeowners may prefer this over standard call centers and online claims. Another advantage of State Farm is its supplementary coverage options, which other carriers either do not offer or only offer at a premium.
Nationwide
Nationwide is a top insurer that provides a wide range of insurance coverage, including house, auto, life, and even wedding insurance. The company also provides a free annual evaluation of your current policy to ensure that it meets your changing needs. Nationwide’s regular homeowners insurance policy includes two additional coverage that other companies often sell separately as add-ons.
