Strengths: Low politicization, home insurance
market, workers' comp market
Out of the 1,458 respondents covered in the survey, 63 percent do not have home insurance
. Data shows that more than 80 percent of consumers are currently renting the properties they live in, and 70 percent are living in apartments.
Kin, started in 2016 by financial tech entrepreneurs Sean Harper and Lucas Ward, began as a technology-driven home insurance
carrier in Florida focused on customers with catastrophe coverage needs.
With an increasing number of companies now offering home insurance
in Cyprus, consumers should use certain criteria to assess whether they are getting the best of what the market can offer.
Taken together, the group's companies write and manage more than $1.3 billion in auto and home insurance
premiums across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.
"According to our survey, 35 per cent of respondents said that they don't see the point in home insurance
at all - so there's certainly an element of UAE residents not seeing the benefits that a home insurance
policy would offer," says Rawling.
The "Smart Home Insurance
- Role of Emerging Technologies, 2019" report has been added to ResearchAndMarkets.com's offering.
Avinash Babur, chief executive officer at Insurancemarket.ae, said: "A common misunderstanding of home insurance
is that only individuals who own their apartment or villa can purchase this type of insurance.
A home insurance
industry levy helps to pay the running costs of Flood Re.
"We're hoping to get across with this survey that, actually, home insurance
is useful, and it can be cheap and easy to arrange.
"I am delighted to start the new year by making home insurance
more affordable for those most at risk of flooding.
Many new home owners take out their home insurance
with their mortgage lender rather than going elsewhere, a survey has found