Policyholders are still confused about what home insurance covers

According to a recent survey by Goosehead Insurance, Inc., 41% of policyholders consider getting the best coverage the top priority when shopping for home insurance.

But here’s the problem: The survey also  reports that 65% of policyholders said they “have no idea what my home insurance fully covers.”

Confusion reigns, and harsh consequences follow. According to the survey,  45% of U.S. policyholders have had a claim denied because they didn’t have proper coverage.

A first step to cure the problem: Consumer-friendly information comparing the terms of homeowners insurance policies. That is part of the motivation behind RU InsureScore. This policy comparison tool scores the policies of major insurers on a 100-point scale, and rates important elements of the policies with a 5-star system. It launches March 20, 2023.

RU InsureScore is only a first step. For next steps, after the launch, read our FAQ on buying homeowners insurance and improving homeowners insurance.