Best Home Insurance
to the insurance FAQ's YouTube channel where today we're discussing the best homeowners insurance policies top 10 Countdown the source of this data is U.S news and World Report they compile top 10 lists across most insurance categories each year and have the resources to ask a lot of people a lot of questions they analyze and compare publicly available data and determine which companies Americans most want to know more about from there 30 insurance companies that offer homeowners policies were chosen and deep dives into these companies were performed the list is then sorted and the top 10 results are presented the criteria they use include cost of policy limit on the coverage offerings features of the policy and availability across all of the United States so let's get into the best home insurance list for 2022.
coming in at number 10 is Chubb insurance unlike most competitors on this list Chubb is an international insurance company offering policies in 53 countries and territories besides the USA and also unlike most other carriers listed here Chubb offers its own flood insurance it is available in all 50 states but is only sold through their own agents you will not be getting chub insurance from a broker or an online reseller number nine Allstate Insurance as one of the largest insurance companies in America you can see why they say you are in good hands with Allstate selling Insurance in all 50 states plus Washington D.C Allstate has over 85 000 employees and revenues exceeding 40 billion dollars they also own Esurance square trade and Encompass thus mitigating the risk of competing with Ensure tech fintech companies offering almost every type of insurance conceivable Allstate also offers coverage for your cellular smartphone and offer Covenant short-term Home Care should you have issues that keep you bound to your home coming in at number eight is Farmers Insurance based in California Farmers got its name back by offering vehicle insurance to Farmers as far back as 1928.
today they offer a broad range of insurance including car and campers boats and motorcycles in addition to homeowners insurance which can also cover renters condos vacation and mobile homes rental properties and pets and businesses selling in Most states you will not be able to get coverage if you live in Washington DC West Virginia Vermont New Hampshire Maine Hawaii Delaware or Alaska number seven on our list is Nationwide Insurance started in Columbus Ohio in 1926 Nationwide now covers every state except Alaska New Jersey Massachusetts Louisiana and Hawaii besides homeowners insurance they cover motorcycles cars pets farms and Commercial Insurance and Life Health and financial products although ranked number seven in the best homeowners insurance list they rank number two in the cheapest homeowners insurance list number six on our list is American Family Insurance did you know that American family is a privately owned business I guess that's why family is in the name primarily operating in the west and Midwest American Family Insurance can be had in 19 States besides homeowners insurance they offer Auto motorcycle RV and Boat insurance and also write policies for life pets renters condos and mobile homes Farms rentals and businesses in addition to the typical policy choices that all company companies offer American family also offers options for nursing and assisted living coverage number five is State Farm Insurance one of the few that do State Farm operates in all 50 states and Washington D.C they offer policies to cover cars homes renters condos as well as Life Health disability and liability they pretty much cover anything you need in the way of insurance ranking number one in the cheapest homeowners insurance top 10 list they also rank number two in the home and auto bundling top ten list State Farm actually tied with Amici an American family for the number three position number four is Amici Insurance Amici which stands for automobile Mutual Insurance Company of America opened its doors in 1907.
they sell in the 48 contiguous states excluding Alaska and Hawaii and offer homeowner renter and condo Insurance Plus policies for car boat and motorcycles and business and personal liability insurance in addition to the standard assortment of homeowner coverage and discounts Amici also covers home office and office equipment usage in the home so consider them if you run a business from your home this could save you from having to buy business insurance to cover the same items number three is Erie Insurance named for its headquarters town in Pennsylvania Erie Insurance was originally an auto insurance company but now it not only sells car insurance but covers homes motorcycles RVs and boats you can also get renters insurance condo insurance and coverage for your mobile home from Erie covering more than just Pennsylvania Erie now operates in 12 States and Washington D.C like USAA and lemonade Erie also covers dwelling replacement costs at no additional charge but to get a quote you will need to work with an agent local to your home in order to get a policy coming in at number two is USAA usually in the number one position regardless of the survey USAA has been bumped by an Ensure tech company that is disrupting the entire insurance industry as always remember that USAA is only available to current and past military members and their immediate families USA also offers insurance policy for renters businesses car life pet and personal property unlike other insurance carriers USAA covers dwelling replacement and identity theft coverage they also write policies for those who rent their home out short term for extra income and cover the cost of military uniforms although number two in the homeowners insurance Market USAA does take the number one position when you bundle home and car but again only for military and their family and coming in at number one is lemonade they take the top spot away from USAA which is no easy feat especially from a relatively new addition to the list at all when we talk about the disruption that fintech or insurrect companies are causing in the insurance markets look no further than lemonade as an example of such a company founded in 2015 this company operates completely online as it Incorporated public benefit Corporation instead of reaping all the profits lemonade takes a fixed amount from their premiums after the claims are paid and have their customers choose their favorite charity to receive up to 40 percent of whatever is left over the top benefit offered by Lemonade is that every policy has a replacement cost coverage so that all of the policyholders are made whole in case of loss most insurance companies only offer actual cost value and make you pay a higher premium for replacement cost value even though lemonade is not the lowest cost solution in the survey and is overall the national average it still ranks number one on the list and is available in 27 States plus Washington D.C so here is the best homeowners insurance list again for 10 20 22. we're Insurance FAQs where we answer your questions about homeowner life car auto Health travel and business insurance if you found this video helpful please click the thumbs up button and consider subscribing ring that Bell so you'll notified for our daily uploads and you can read these videos in full length text at our website www.insurancefaq dot me thanks and have a great day
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