Most homeowners policies provide coverage for personal property while located anywhere in the world and can be endorsed to provide all risk coverage for contents. By simply endorsing current coverage to include all risk coverage, clients can secure proper coverage without having to pay for duplicate coverage. Not a good idea for my clients.
This seems really good. I went to the site and it’s easy to use. Low deductibles available. But, I’m wondering if a regular renter’s policy would be cheaper.
What a horrendous idea! Maybe FF can introduce insurance for beer pong tables next. I’m sure someone will get a nice promotion for introducing such a “profitable” line of business.
I have used this company for the four years my children were in college. I recall that when I read their policy after Katrina, I saw it covered flood. Price is reasonable with low deductible and I don’t have a claim on my homeowners policy.
Yeah, and what is the deductible? Probably not $25.
This is a good program for consumers. Probably not a profitable one for Fireman’s Fund, though. It’s a marketing ploy, and I doubt even if it runs at a loss, they’ll lose over a half million. With the low limits on the policies, this is a loss leader for the company is more of a marketing tool for the parents to consider using them for their other lines of insurance. It’ll work for them.
I can’t wait to see the loss ration on this gem of an idea. This is tantamount to a license to steal. They might as well attach a debit card to the policy to speed the claim payment.
Most homeowners policies provide coverage for personal property while located anywhere in the world and can be endorsed to provide all risk coverage for contents. By simply endorsing current coverage to include all risk coverage, clients can secure proper coverage without having to pay for duplicate coverage. Not a good idea for my clients.
This seems really good. I went to the site and it’s easy to use. Low deductibles available. But, I’m wondering if a regular renter’s policy would be cheaper.
What a horrendous idea! Maybe FF can introduce insurance for beer pong tables next. I’m sure someone will get a nice promotion for introducing such a “profitable” line of business.
I have used this company for the four years my children were in college. I recall that when I read their policy after Katrina, I saw it covered flood. Price is reasonable with low deductible and I don’t have a claim on my homeowners policy.
Yeah, and what is the deductible? Probably not $25.
This is a good program for consumers. Probably not a profitable one for Fireman’s Fund, though. It’s a marketing ploy, and I doubt even if it runs at a loss, they’ll lose over a half million. With the low limits on the policies, this is a loss leader for the company is more of a marketing tool for the parents to consider using them for their other lines of insurance. It’ll work for them.
I can’t wait to see the loss ration on this gem of an idea. This is tantamount to a license to steal. They might as well attach a debit card to the policy to speed the claim payment.
Agreed. If you have are lucky enough to have HO coverage in FL, it’s with a % deductible. This deal is too good to pass – I’m going back to college.