A home is the biggest investment the average American will make during their lifetime, making which insurance company will protect that investment a major one.

With the housing market heating up during the past year, it isn't surprising to find that shopping for personal property insurance skyrocketed as well. TransUnion reports for the week of March 3, 2021, property insurance shopping grew 24.6% compared with the year prior. In early January, the rate increased 26% compared with the same period in 2020.

Along with shopping rates, blind spots increased among current home insurance policyholders as well during the past year, according to research from The Hanover Insurance Group.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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