Press release
Home Insurance Market 2020 - 2027: Investment and Business Analysis by Allainz SE, The Allstate Corporation, The USAA, Amica Mutual Insurance, Erie Insurance Group, MetLife, SFMAIC, Esurance Insurance Services, The Progressive Corporation, and GEICO.
Home insurance policy has a liability limit, which offers insurance coverage when unexpected loss or damage happens. In some cases, when the damage is higher than insured package, insured individuals have to pay the remaining amount. In addition, home insurance policy is a multiple line policy that covers both property insurance and liability coverage.
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Increase in damage to homes from theft, collapse, and various natural calamities are key driving factors for the global home insurance market. For instance, average premium cost for home insurance in the U.S. increased from $800 to $1,100 from 2008 to 2017. In addition, average home insurance claim amount stood at around $12,000 in North America. Lack of standard rules and regulations, geographical locations, and changing customer preferences hinder the market growth.
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Key benefits of the report:
-This study presents analytical depiction of the global home insurance market size along with the current trends and future estimations to determine the imminent investment pockets.
-The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
-The current market is quantitatively analyzed from 2020 to 2027 to highlight the global home insurance market growth scenario.
-Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
-The report provides a detailed market analysis based on the present and future competitive intensity of the market.
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Major players analyzed include Allainz SE, The Allstate Corporation, The United Services Automobile Association, Amica Mutual Insurance Company, Erie Insurance Group, MetLife , Inc., State Farm Mutual Automobile Insurance Company, Esurance Insurance Services, Inc., The Progressive Corporation, and GEICO.
Related Articles:
Car Finance Market: https://www.technoinnovationz.com/2020/07/18/car-finance/
Banking Service Market: https://www.technoinnovationz.com/2020/07/18/banking-services/
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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