yourEadvisor.com

If you have lender or force placed insurance on your home insurance, give us a ring!

"This type of homeowner's insurance coverage is known as "force-placed" or "lender-placed" insurance. All mortgages contain the requirement that you keep your home adequately insured and allow your lender to purchase its insurance policy, which you must pay for, if you do not maintain the proper insurance coverage on your home. Because your lender is not concerned about the price of the policy and may have a relationship with the insurer, these policies are often more expensive than a policy you would choose. Insurance sometimes gets force-placed because the homeowner let the policy lapse, although I find that many people are surprised and only find out when their payments increase...

... To make matters worse, the lender-placed policy is primarily concerned with protecting the lender and is often missing essential coverage for personal items and liability protection. Unfortunately, most homeowners only find out about this omission after a fire, theft or flood, when it is too late."

http://amp.idahostatesman.com/news/business/article213153569.html

An eye to the future...

Mastering the claims side is always the big question that other similar insurers have struggled with. Simply look at the company Lemonade, to see how bad their claims have been without adjusters and agents. None the less, this is something to watch in our industry.

https://www.cnbc.com/2018/06/13/amazon-home-insurance-could-be-on-the-horizon-but-experts-are-skeptical-of-benefit-to-consumers.html?yptr=yahoo