Coverage for Declining Property Value Now Available in Okla.

Home Value Insurance Co. is now licensed in Oklahoma to provide an unusual type of homeowners' coverage intended to safeguard against dwindling property values.

By Christina Bramlet | Updated on February 28, 2012

In September 2011, Home Value Insurance Co. introduced a type of homeowners’ insurance intended to safeguard families against a decline in property value. At the time, the coverage was only available to Ohio residents; however, the company had projected to sell the policies in “15 to 20 states” by the end of 2012.

It would seem that Home Value Insurance is making progress toward that goal, as the company rolled out a plan to help Oklahomans insure against having their homes become a casualty of the depressed real estate market.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
Educational webcasts, resources from industry leaders, and informative newsletters.
Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Around the P&C insurance industry: April 17, 2024

PC360 Staff Writer | April 17, 2024

Insurance industry news from EMC Insurance, PoloWorks, King Insurance Partners and more featured in weekly update.

Court rules 'insured location' includes two addresses on single parcel of land

Kelly Helton, JD | April 17, 2024

The court found the potential for coverage because the policy applied to two structures on the same undivided parcel.

States where drivers have the most at-fault accidents

Ashley Hattle-Cleminshaw | April 17, 2024

Analysis of auto insurance customer inquiries combined with national arrest and population data uncovers highest-risk states for at-fault car accidents.

Resource Center

This guide empowers insurance carriers and risk managers to navigate complex regulations, safeguarding their brands from costly SMS and text messaging penalties.

Guide

Sponsored by gryphon.ai

The Ultimate Guide to SMS/Text Messaging Compliance

This guide empowers insurance carriers and risk managers to navigate complex regulations, safeguarding their brands from costly SMS and text messaging penalties.

Browse More Resources ›

Navigating the complexities of P&C core insurance digitization is no easy task. Explore the critical decisions between building or buying and how to achieve operational excellence in this white paper.

White Paper

Sponsored by Origami Risk

Build or Buy? Considering the Critical Decisions in P&C Core Insurance Cloud Digitization Projects

Navigating the complexities of P&C core insurance digitization is no easy task. Explore the critical decisions between building or buying and how to achieve operational excellence in this white paper.

Browse More Resources ›

As more customers “unbundle” their insurance products and spread their business among many carriers, agents must look for creative strategies to retain and grow business. Download this white paper to learn top strategies to ensure success in 2024.

White Paper

Sponsored by Melissa

Clean Your Data to Win the Customer Retention War

As more customers “unbundle” their insurance products and spread their business among many carriers, agents must look for creative strategies to retain and grow business. Download this white paper to learn top strategies to ensure success in 2024.

Browse More Resources ›

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.