Nationwide Home Insurance Review

#9 in Home Owners Insurance

Nationwide Home Insurance

Nationwide home insurance provides coverage for standard and peril for your home and personal property. Aside from offering basic coverage, homeowners could also purchase additional coverage for natural disasters (landslides and floods). The company’s biggest selling point is the huge discounts they offer for home insurance bargain hunters.

 

Home Insurance Products Offered

Dwelling Coverage

Replacement Cost Plus

Water Backup of Sewer

Scheduled Personal Property

Other Structures Coverage

Contents Coverage

Personal Liability

Personal Liability Umbrella Insurance

Medical Payments to Others

Ordinance or Law Insurance

Flood Insurance

Earthquake Coverage

*** Brand New Belongings - An optional coverage in connection with some homeowners, renters and condominium insurance policies that may help pay to repair or replace covered belongings.

 

Net Premium Written (A.M. Best)

$14,489,531

 

Better Business Bureaus (BBB Ratings)

  • Not BBB accredited

 

Discounts

 

Multi-Policy  Up to 20%
Protective Device  Up to 15%
Claims-Free  Up to 20%
Age of Construction Up to 30%
Age of Insured Up to 15%
Personal Status Up to 5%  

 

Coverage

 

Covers cost of rebuilding/ repairing due to a covered peril Yes
Personal liability coverage for personal/ property damage Yes
Covers living expenses outside of the home during rebuilding/ repairs Yes
Coverage for medical expense Yes
Is widely available across the country Yes
Personal property insurance for loss or damage for covered instance      Yes            

 

Financial Rating

Nationwide home insurance suffers from poor financial ratings. Their financial portfolio is just not as robust as those seen in their competitors. 

 

Bottom Line

Nationwide Home Insurance offers good discounts on their packages which is at par or even better than their major competitors. But poor customer feedback and reviews coupled with poor financial ratings make it a little bit less attractive to other major home insurance players. Nationwide home insurance is a great choice for homeowners searching for the best discounts available. But it suffers from poor financial ratings which can make some homeowners nervous. Nationwide does have all the basic areas covered and is certainly worth a second look when shopping for home insurance.

 

 

 

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