Your home is probably the most valuable asset that you will own in your entire life. A standard homeowners’ insurance policy insures not only your home structure but also your personal belongings and liability in Ball Ground, GA. The Sanford Group homeowners’ insurance covers a wide variety of disasters which provides the much-needed peace of mind. There are lots of trends in the home insurance industry that are shaping how homeowners purchase home insurance and how they file claims. Digital transformation is revolutionizing every industry in the modern world, and the insurance sector hasn’t been left behind. Here are some of the home insurance trends to look out for in 2018.
Easier and Faster Claims Process
In the past, when an incident occurred, the homeowners in Ball Ground, GA had to preserve everything as there were and begin the agonizing process of reaching their insurance agents. However, with the introduction of mobile technology, everything is fast-changing. The claim process is becoming easier and faster. You can just take photographs of the damage and send them to your agent. We expect this to become a common home insurance claim procedure in 2018.
Introduction of the Self-Service Dashboards
There is always a unique beauty in every dashboard. We have seen the dashboards in grocery stores and restaurants, and the trend is expected to shit to home insurance in 2018. The Millennials who are beginning to buy homes want to get everything done as quickly as possible with just a click of the button. It will make a lot of sense to them if they can file a claim or get an instant quote just by the click of a button.
Insurance as a Service (IaaS)
This is another trend that will become tremendous in 2018. Insurance as a Service allows homeowners to insure their expensive household items such as cameras, selectively when they are only in use. This should see the home insurance premium come down since not everything covered by the policy is insured wholesomely.
Do you want to learn more about the home insurance? Call The Sanford Group today for more information.