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If you’re new to home insurance, then looking for the best online home insurance service could involve a very rigorous process owing to the high number of insurance firms claiming to offer different types of services.
Home insurance is of utmost importance to every homeowner; it can protect the property owner from two kinds of risk. Namely, the open and named peril. The open peril protects the homeowner from harm that is not explicitly mentioned in the home insurance policy, while the named peril specifically names the kind of loss it covers in the policy. Home insurance is also a safety measure for big disasters such as fire, theft, protection of liabilities and natural disasters. Homeowners rely on this insurance services to cover unexpected living expenses, property damage, and payment of costs to people injured within their facility.
Home Insurance Services Cover
Dwelling Coverage: This part of the home insurance policy helps to rebuild your home when there is damage. Essential home components like plumbing, electrical wiring, or your HVAC system fall into this category.
Liability Insurance: This covers your assets and cost associated with the lawsuit. For instance, if a guest gets injured by a member of your family on your property and he gets to sue you for that.
Personal Property Coverage: This part of the home insurance policy covers your personal belongings like furniture, clothing, and electronics.
Loss of Use: This covers instances where your home may be damaged that you will have to move out temporarily while it is being repaired. The insurance firm will pay for your temporary accommodation.
Guest Medical Coverage: This part of the policy covers medical bills for guest who may be injured on your property but do not want to file any lawsuit for the injury.
What makes home insurance service great?
There are many factors to consider while looking for the best online home insurance service and this includes the following.
- Ease of Use: The Insurance firm website must be easy to navigate and quote request from them shouldn’t take hours to fill out.
- Financial standing: The online insurance website must have a good financial backing to be able to pay back claims in a prompt manner.
- Number & Type of Quotes: A good home insurance service offers up to five quotes, it also helps if the quotes present different policies and plans so you can study them and see what will work best for you.
- History of claims handling: A firm that has existed for years with a good history of claim handling.
- Online capabilities: Also an excellent online insurance service must be efficient when it comes to handling claims using digital technologies in today’s smartphone-driven world.
- Help & Support Options: Insurance websites must have professionally trained customer service personal who are ready to provide answers to a client question.
- User and market-research reviews: The firm must have a lot of positive reviews posted on review sites like Trust pilot and Site jabber from people who make of them.
- Available discounts: Good online home insurance firms also offer discounts to their clients from time to time.
To help you choose an online home insurance service to use, we have made a list of the best home insurance services in various parts of the world, while making this list we looked at the online home insurance firms based on financial strength, customer service, endorsement, coverage, and discounts offered. The online home insurance services on this list all have high levels of contents and buildings insurance cover, and many of them have also received awards and recommendations from trusted organizations in different parts of the world.
Travelers is the second largest insurance firm in the United States with its original focus being on insuring people who were using trains and steamboat to travel around the country. They later expanded into offering various insurance products both domestically and abroad. At present, the company has operations in the U.S, Brazil, Canada, Ireland and the United Kingdom. The insurance services cover the following areas: Liability Coverage, Comprehensive Coverage, Collision Coverage, Personal Injury Protection, Uninsured/Underinsured Motorist Coverage, Medical Payments Coverage. Loan/Lease Gap Insurance, Rental Coverage, Roadside Assistance, New Car Replacement, Accident Forgiveness, and Ride Sharing.
Located in Canada, Allstate offers online home insurance through a unique network of local agents that have been structured to provide personalised insurance solutions to over 16 million American households. The Allstate home insurance policy covers the following areas: Dwelling, Other structures, Personal property, Liability protection, Guest medical protection and additional protection such as a hotel stay in the event your home is uninhabitable after a loss. You can furthermore open an online account for not just accessing your policies anytime, but to file & track insurance claims, access ID cards, pay online bills, and change coverage deductibles and limitations. AllState has mobile apps for iOS and Android users.
Located in the United Kingdom, Aviva Insurance is the leading online home insurance firm with more than 16 million customers in the UK. Aviva offers a single standard home insurance policy to its clients with optional extra for clients who require more coverage. A client can choose the building cover, content cover or decide to purchase both plans, along with the coverage for freezer food damage, tracing and accessing water leaks, replacement locks, garage and outbuildings and contents in the garden. The optional extra plan consist of personal belongings cover in, and away from home, damage cover, protected no claims discount and bicycle cover. According to information on the website, Aviva home insurance clients paid £99 or less between June and August 2017; the price largely depends on the cover chosen, the individual circumstances, and the selected payment method. However, Aviva offers up to 40% no claims discount to new customers who have been claim-free for at least five years and 20% deduction to anyone who gets Aviva home insurance quote online.
ANZ Home Insurance
ANZ offers outstanding home insurance services to more than 20 million clients in Australia. The insurance policy allows you to choose from Home Insurance, Contents Insurance or a combined Home and Contents Insurance policy. ANZ home insurance policy comes with several bonuses and discount, and covers alternative accommodation, natural disasters, extreme weather, full home building replacement, glass breakage, accidental breakage, theft or vandalism, motor burnout, and Garden damage. Their online tool to gauge what’s covered and what’s not is very useful. You can download their iOS app or request a call back to see how much it will cost you. On the other hand, you can even find a branch and see if ANZ fits your style.
Jubilee General Insurance
Serving in Pakistan only, Jubilee General Insurance looks to offer maximum risk coverage for home and buildings, including rental properties. The company was built sometime in 1953. Their policy offers protection against, Fire & Lightning, Riot & Strike, Malicious Damage, Explosion, Burglary & Theft, Atmospheric Disturbances like earthquakes, Loss of Rent, Accidental Glass Breakage and Accidental Damage to underground tanks. An individual can purchase multiple coverage for any plan and needs no declaration. With JGI, your Cash, Jewelry, Home contents as well as Home Structure are all covered.
John Lewis Finance is one of the best home insurance providers in the United Kingdom. They offer three main levels of its home insurance policy which are Essential, Plus and Premier. However all have the standards such as Unlimited Alternate Accommodation, valuables of £40,000, Unlimited Buildings Cover and Unlimited Contents Cover.
Essential provides Up to £50,000 of Alternative Accommodation Cover, Plus offers up to £115,000 of Alternative Accommodation Cover while Premier policy, which is the most comprehensive includes garden cover and cycle cover. It also offers unlimited cover on buildings and contents.
John Lewis home insurance policy also covers unusual properties, listed buildings, and high-value contents, such as antiques and art.
Samtam is the largest provider of home insurance services to South Africans with business interests in Uganda, Malawi, Tanzania, Zambia, and Zimbabwe. The home insurance service covers the following areas of personal legal liability and extended personal legal liability, legal costs, and expenses, personal accident, hospital benefit plan, all risk, including clothing and personal effects, specified items such as keys, cellphone, jewelry, audiovisual, unique collections and laptop. The Santam app for smartphones is highly useful; you can file, document, and track the status of your claims through it.
Finally, remember that choosing an online insurance service is just like picking a home. There is no single way to define the best insurance service provider, the services that work for your current home may not be a good fit for another; you must endeavor to choose the right home insurance service which must be as reliable and unshakable as the foundation of your home.