This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Insurance Bundlers Are Happy, J.D. Powers Says

NEW YORK ( TheStreet) -- When it comes to homeowners insurance, financial consumers are generally happy with their policies.

J.D. Power and Associates reports that customer satisfaction with homeowners insurance (covering billing and payments, claims, interaction, policy offerings and price) is at the "highest level in the history of the study."

Insurance policy customers who "bundle" their auto and homeowners policies with the same insurer are the "most satisfied" of all, J.D. Power says.

"The increase in satisfaction with policy offerings is directly related to customer perceptions that insurers are doing a better job in offering the right coverage options at competitive prices when policies are bundled," explains Jeremy Bowler, senior director of the insurance practice at J.D. Power and Associates. "Bundled policies not only may provide a reduced premium for customers, but may also be advantageous to both parties, as it allows customers to interact with a single insurer, potentially streamlining both billing and payment."

Whether you bundle or not, what's the best way for consumers to buy homeowners insurance?

To get some answers, we reached out this week to Ted Stimpson, chief executive at, a home moving services firm.

Here are a few "stage" areas where Stimpson says consumers can get an edge when looking for some solid homeowners insurance protection.

  • Stimpson defines the first level as the "basics." Here you get insurance on what he calls 11 of the usual home-destruction suspects, including fire, lightning, windstorms, smoke and other disasters. But do your homework. "Because of these limitations, many states are not offering this protection anymore, so double-check whether or not it is available in your area," he says.
  • Stimpson says the second level is the best option for most homeowners. "This is the next step up from basic; this coverage also protects your home from falling objects, snow and ice damage, frozen plumbing and faulty electrical systems, in addition to all the coverage from the HO-1 policy," he says.
  • Another good option for homeowners, this third category costs more than the first two, but Stimpson says it's a "lot more valuable." This option protects against all perils except the ones excluded explicitly from the policy -- almost always earthquakes, flood protection, "even war and nuclear accidents," he says.
  • Here's where home insurance for renters kicks in. The only difference from the previous three categories, Stimpson says, is that this policy protects all of your possessions but not the actual home itself.

J.D. Power adds that it's also a good idea to have an annual homeowners insurance policy, in large part to protect against changes in the value of your home. The firm advises bundling multiple policies, saying it could knock 15% off your total insurance bill.

Getting a good grip on your homeowners policy is just good personal financial business. Since your home may be your most valuable asset, protecting its value to you just makes sense.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs