of homes are under-insured
& may not be fully repaired if damaged
(source: 2015 survey by Marshal and Swift/Boeckh.)
of people
do no research
when they buy
home insurance
miscalculate
how much coverage
they need
68% of people
believe a standard
policy covers
sewage backup
But it doesn't!
Others falsely believe it covers:
-
38%Broken
appliances
or HVAC -
59%Repair
price
surges -
49%Costs to
comply with
building codes -
55%Pipes and wires
connecting to
utilities
Over half of people
would rather go to
the dentist than deal
with their insurance
company.
Other things people would give up to avoid dealing with their insurer
-
19%A night on
the town -
16%Facebook
for a week -
12%Binge watching
netflix -
10%Television
for a week -
10%Dessert for
a month -
9%Coffee for
a year -
9%Their next
vacation -
5%Their firstborn
child
Haven't updated their policy in 10+ years
Home Insurance
hasn't evolved with the times
coverage for:
-
Pewter
84% don't own any
-
Paper stock
certificates
Huh?! 90% don't own any
-
Furs
Srsly? 94% don't own any
-
Crypts
ROFL! This has to be a joke!
(sadly nope!)
coverage for:
-
Electronics
75% of people have more
gear than the $1500
standard coverage -
Home Office
1 in 5 Americans work
from a home office (which
has virtually no coverage) -
Renting
1 in 3 have short term
rented their home (which
will terminate many policies)
www.hippo.com
(We promise you'll like it more than the dentist!)