Nationwide Home Insurance Review
ConsumersAdvocate.org Rating: 8.6 / 10 (Excellent)
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
Replacement Cost Plus
Water Backup of Sewer
Scheduled Personal Property
Other Structures Coverage
Personal Liability Umbrella Insurance
Medical Payments to Others
Ordinance or Law Insurance
*** 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)
Better Business Bureaus (BBB Ratings)
- Not BBB accredited
|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%|
|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|
Nationwide home insurance suffers from poor financial ratings. Their financial portfolio is just not as robust as those seen in their competitors.
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.