The Best Insurance Companies for Homeowners 2020

Posted by Moran Insurance on November 30th, 2020

A home is one of the most meaningful investments one can have so it only makes sense to be choosy about the company you want it insured under. A good price mixed with the right coverage and customer care that id efficient and reliable are some of the factors one needs to consider when choosing the best insurance company for your home

The best homeowners insurance companies 2020

These are the 10  best homeowners insurance companies in 2020:

• USAA
• State Farm
• Travelers
• Nationwide
• Hippo
• Chubb
• Auto-Owners
• Amica
• Erie insurance
• Country Financial

USAA

For those who qualify, USAA provides several coverages standard that many other insurers do not:

• Military Unidform coverage that provides full compensation for damaged uniform .
• Replacement cost coverage-which instead of providing the depreciated value of items,they  go all out and replace them
• Identity theft coverage to cater for identity theft expenses

State Farm

 In addition to the normal cover for the property,this company provides an ‘increased dwelling limit’.This increases the replacement coverage to upto 20% at no extra cost.

Travelers

 Travelers’ optional Green Home Coverage  helps a homeowner to cover any sdditional costs that they may incur when using environment friendly materials after a claim has been covered.

Nationwide

 This means if you have a covered loss and need to update your home to the current building regulations,your insurance will cover the costs.Nationwide is also ranked as one of the best home insurance providers for its customer experience.

Auto-Owners

 This company includes covers for property damage,brought about by leaking appliances and food spoilage caused by power failures.They also offer unique discounts for customers with home upgrades such as backup generators and water shut-off systems.

Hippo

This company,on top of the normal policies,include extras like virtual connections to maintenance advisors and  home monitoring services.Some of its discounts emphasize on home safety

Chubb

Chubb targets expensive home owners.Some of their coverages help uncover problems in your property that need attention before they cause major damage.

Amica

Offers a Home Repair Assistant Program which helps connect customers to viable contractors .

Erie Insurance

Erie Insurance offers unique coverages such as loss or theft of personal belongings.

Country Financial

This company offers coverage for household accidents such as paint spillage,power related damages to appliances,and countertop burns.

Choosing a suitable homeowners policy.

Decide how much coverage you need

A standard police will cover the house and other structures  but the coverage you require depends on how much it will cost you to rebuild your home.

You also have to consider the amount of insurance deductible.. and whether you are required to insure valuable items.

You also need to determine whether to get extra policies for damages caused by earthquackes and get your belongings replaced with new ones instead of getting paid for their depreciated value.

Reach our to any of the companies above to get a home coverage that will ensure you recover your home in the case of damages.