Courtesy of iii.org About one of every 15 U.S. homeowners insurance policyholders files a claim each year and these claimants are now giving insurers their highest ever satisfaction ratings, according to the Insurance Information Institute (I.I.I.). The J.D. Power 2017 U.S. Property Claims Satisfaction Study gives U.S. home insurers a record score of 859 (on a 1,000-point scale). The industry’s cumulative score stood at 846 in 2016. Five factors are considered when assessing policyholder satisfaction: settlement; first notice of loss; estimation process; service interaction; and repair process. “Insurers are the nation’s economic first responders and, as such, are continually working to improve how they help Americans recover their lives and businesses in the wake of tragedy and catastrophe,” said Sean Kevelighan, president and chief executive officer (CEO) of the Insurance Information Institute (I.I.I.). “This year’s J.D. Power and Associates survey results are a clear …
Home Insurance
Home Insurance Coverage
Courtesy of iii.org The price you pay for your homeowners insurance can vary by hundreds of dollars, depending on the size of your house and your insurance company. From raising your deductible to making home improvements, here are some ways to save money while you adequately protect your home and assets. Don't skimp Don't shop price alone. Remember, you'll be dealing with this company in the event of an accident or other emergency. When you need to file a claim youll want an insurer that provides good customer service, so test that while you're shopping, and choose a company whose representatives take the time to address your questions and concerns. Raise your deductible A deductible is the amount of money that you are responsible for paying toward an insured loss. The higher your deductible, the more money you can save on your premium, so if you can pay above the minimum $500 or $1,000 deductible, for example, you may reduce the cost of your homeowners policy. If you …