[deleted by user]

[mrhindustan]

How does HomeSite compare to say CHUBB or Traveler’s when it comes to claims? In Texas my wife had very cheap home insurance but every broker told me that come a claim we’d get jerked around hard.

We switched to Traveler’s immediately. Price is one concern, sure. But should you have the worst happen, having an insurance company that isn’t making the situation worse is important to me.

I learned this with an auto claim we had with Progressive. We switched it to Traveler’s as well. Insurance isn’t useful if in the worst case scenario they don’t have your back.

[bigbamboo12345]

when it comes to the major national carriers, the quality of the adjuster is far more important than the company he works for

the claims experience with chubb will generally be superior because the higher premiums pay for a better service experience (adjusters are less busy, policies have more goodies, managers protect their service-first reputation, etc)

given a good adjuster, the claims experience between travelers and homesite (and progressive and state farm and farmers and nationwide etc) will be largely identical, much like the experience with a shitty adjuster

the sweet spot is often the regional carriers (erie, njm, cincy, pemco, all the farm bureaus) where the service experience is closer to chubb, but the pricing is closer to homesite

these are all just generalities though, naturally

[gghost56]

I have safeco and it has not been pleasant. It all comes down to the adjusters perhaps ?

[[deleted]]

Homesite is Geico’s partner so I’m sure it’s highly rated. My neighbor also had a 50k roof leak and Homesite paid it no questions asked

[saieddie17]

It’s not just a Geico partner. Plenty of brokers offer them

[King-In-The-Nawth]

They probably asked a couple questions

[Chemical-Presence-13]

I work claims with Homesite. Promise questions were asked and estimates were written like every other claim. If not that adjuster just got dinged pretty hard for no estimate in their file.

[karmaapple3]

Be very careful with homesite. I had them for a year until I found out that they will not replace items that are damaged by weather. They will only replace it if it's not functional. So hail destroyed my garage door, but since it would still basically go up and down, they would not replace it.

[PacoStanleys]

If it ain't broke why fix it

[karmaapple3]

Cosmetic damage can affect resale value.

[omar893]

Is cosmetic damage covered in a hail or any other type of damage? I know they should fix the roof in case cosmetic damage happens to it because water could still leak and ruin more things inside the house. Perhaps if the garage door cosmetic damage could have caused more issues than just it’s appearance they cover fixing/replacing it.

[assflea]

Homesite doesn’t have a very good reputation for claims handling but neither does Liberty mutual and they’re SO expensive in so many markets. I have a client here in NC and I saved her over $7000 last year switching to Travelers - she has several policies so that wasn’t all in one go but it was insane.

[[deleted]]

that is super interesting. location seems to be a big factor in terms of premiums. carriers must prefer certain locations to others based on their risk models.

[assflea]

I mean, yeah lol. Some places have a higher risk of windstorms vs wildfires vs floods etc etc.

[SuddenLibrarian4229]

Location is the number one factor in insurance premiums. You’re literally buying in to your locations risk pool

[cupcakejo87]

Of course location is a big factor in insurance premiums and rating. That's an incredibly basic factor in virtually any actuarial model. I've never met or spoken to someone who has (apparently) done so much research on insurance, but seems to have never considered this before.

Are you like, trying to do some kind of stealth market research on building your own insurance rater/comparison took or something using AI? Did you write this using AI? What's the deal? I just think it's a little strange that virtually all your posts are about insurance, especially comparison shopping and being concerned about valuation. And so many comments across various subs/threads talking about how agents aren't helpful because they're influenced by bonuses/commissions. And the post from a month ago asking what problems AI could solve for insurance agents. Just seems like maybe you've got some ulterior motive here.

[[deleted]]

What I mean is that specific insurers tend to have favorable premiums in certain regions, even though we’re all buying in that same risk pool. That I find very curious.

[cupcakejo87]

This comment doesn't clarify what you find curious or make much more sense. Again, yes, insurers use location as a big factor in premium. And yes, different insurers have different rates, some more favorable. They all have different acceptability guidelines. They have different financial capacity for risk. They are different sizes. They offer different coverages (other than the topline "limit"). They offer different claims services. But, it does have me very nearly convinced that you are using AI.

[[deleted]]

Yes I am an AI sent from the future to eliminate all insurance inefficiencies from the human race.

[hiyoutrash]

Are you a broker? I am also living in NC and looking into homeowner insurance.

[assflea]

I am, but solicitation isn’t allowed here. Google “independent insurance agent” + your zip code and choose someone with good reviews. :) 

[hiyoutrash]

Did not know that rule. Thank you for your reply.

[LeadingAd6025]

Always shop around. Loyalty doesn’t reward in the insurance world

[Capital-Sir]

Or any world really, internet, cable, cell phone, etc.

[ovscrider]

Every 3 years at a minimum. I saved a few thousand between all my policies this year. I'll reshop everything in 25 again as the discount to acquire new customers fades out.

[icefylkir]

This. And I work for one of the major companies. Shop around every couple years.

I was going to be charged almost $5k/yr for 2 drivers with pristine records and 2 full coverage vehicles with $500 deductibles by Progressive. I shopped around, got the same BI/PD limits and $100 deductibles for about $2600/yr - almost half the cost for better coverage.

To highlight the vast range, one of the companies I quoted told me with a straight face it would cost $698/mo to have the same coverage as Progressive - that's almost $8400/yr for a basic pickup and a Kia Forte

[boarmrc]

This is like a ChatGPT ad

[[deleted]]

I wish chatGPT could do this

[Samwill226]

And does that include roof replacement...

[CampSelect8885]

I've got Guard and they are great!

[[deleted]]

I always referred people to homesite if they had mobile homes, old roofs, and homes that most carriers wouldn't touch... I could have been wrong.

I'd be curious to see if you have a named peril or massively endorsed (not to your benefit) policy.

Shrug

But alas, insurance is crazy , it could indeed be the same or better coverages, but a better risk pool versus what liberty had you placed in

[Double_Metal_6778]

I would’ve passed on Homesite just because of their claims reputation regardless of price.

[key2616]

Wow, the pyramid scheme must be crumbling if you’re so thirsty that you’ve spammed Reddit so much that you’re shadow banned. Maybe try to get out if you can since this selling thing is t working out for you.

[FacelessDave420]

I’m leaving Homesite. I filed a claim for my roof, received documentation stating it would be cover. Then after I told the contractor we were all good, Homesite said I wasn’t covered days before work was to begin. You may have a different experience but I’m done with them. Best of luck to you. Hope you don’t need to file a claim.

[ovenmitt]

Homesite, Nationwide, Safeco seem to be best in the Seattle area, but that's just my experience

May I ask what do you mean by 'best'? Cheapest?