SelectMyPolicy takes the data obtained from visitors regarding the location of their property and desired coverage, and then points them to different homeowners insurers. It claims to have hundreds of top insurance companies in their network of providers. However, these partners are not identified, which makes it difficult to determine their individual financial strength. Interested consumers may wish to do their own research on this issue through services such as Standard & Poor's, Moody's, and AM Best.

SelectMyPolicy has no presence with the BBB or TrustPilot. Since it is not an insurer itself, national insurance regulators and trade groups do not keep tabs on the company. Consequently, there is very little to go on, in terms of determining how well the company is serving its customers. The lack of any substantial information on the company's own website is also discouraging.

Homeowners insurance is actually a collection of various coverages. The three major types are: coverage for structures, coverage for personal property, and coverage for liability. Beyond these, however, there is no information available regarding the levels or types of additional coverages offered by the companies recommended by SelectMyPolicy. Consumers should keep in mind that these additional coverages can vary widely in price and scope.

No information is available on how the insurers recommended by SelectMyPolicy price their homeowners insurance policies. Consumers should study any quotes they receive carefully and thoroughly, comparing them against quotes from other companies, in order to determine if the premiums are fair and reasonable.