Home Protect Home Insurance – a Model for Insuring the Uninsurable

There are properties that are considered ‘high risks’ by insurance companies and are often denied insurance coverage by mainstream insurers. In U.K., the number of properties considered uninsurable on standard home insurance coverage is around 15% of the total home insurance market. By all accounts, this is a fairly large number of properties being denied insurance coverage for various reasons like flooding, subsidence, home business, and criminal convictions. Rough estimates would place the number around 16.8 million. The good news is there is one insurance company named Home Protect that has been targeting this special niche of non-standard insurance risk which mainstream insurers totally neglected.

While most home insurance policies in the U.K. are designed for the 85% standard risk home insurance market, Home Protect Home Insurance is designed for the other 15% high risk policy holders that were intentionally cut off by mainstream insurance companies. Home Protect provide them the much needed protection for these non standard policy holders whatever their circumstances may be.

Home Protect, a company established in 2011 introduced eye-opening innovations to the home insurance industry. It made home insurance affordable and accessible even to those who mainstream insurers wouldn’t touch with a ten foot pole. Their Home Protect Home Insurance Plans provide all the important insurance coverage at very competitive prices. The best part is people can apply for insurance coverage online and in nine out of ten times, applicants get immediate coverage just as soon as they have their online applications and paid the initial fees.

Unfortunately for Americans, there is no company that can come close to Home Protect. High risk policy holders are at the mercy of the insurance companies. Once tagged as non standard or high risks, they are either denied coverage outright or slapped with unreasonably high premiums. Some states have adopted the FAIR Plans or the Fair Access to Insurance Requirements Plans. These are home insurance plans operated by some players in the insurance industry and meant to make home insurance coverage available for those considered as high risk. Unfortunately, again, these insurance plans cost a lot more than the standard home insurance provides less coverage. But high risk policy owners have no other option but buy them as they are the only home insurance plans available to them.

Citizens is The Home Protect Home Insurance for Homeowners Insurance in FL

Some states like Florida and Louisiana came close to approximating what Home Protect Home Insurance Plans with their state sponsored home insurance companies. Florida has its Florida Citizens Property Insurance Company and Louisiana has its Louisiana Citizens which offer hybrid plans that provide coverage for windstorm risk on top of routine coverage for standard risks like vandalism and fire. But still, their hybrid plans fall short of what Home Protect has to offer which is basically insurance coverage for all. They simply can’t match the ease and convenience which Home Protect has to offer in providing insurance cover for people with unusual circumstances not to mention the full line of insurance plans it offers at very competitive prices.

See if you don’t have to go the Citizens route for your homeowners insurance in FL.  We’ll send you a quote from the best company in your town.