Insurance is one of the most important components of owning a home. It’s essential to protect your investment in case of an unforeseen event. The insurance industry is one of the world’s biggest industries. According to McKinsey, the P&C market is the largest contributor to the industry’s revenue. Many insurance companies were hit by natural disasters and pandemics in the first half of 2020. This led to a drop in the operating return-on-equity of North American property-casualty firms. Insurers are doing their best to keep up with the continuous growth of the industry. They will use the money they get from the premiums to invest for a higher return in the future.
Insider Monkey identified the top home insurance companies based on their reputation for excellent customer service. The Allstate Corp. is one of the most trusted names in the insurance industry. Travelers Companies Inc. is a leading insurance company that serves both commercial and personal property insurance needs. MetLife is a leading insurance company that provides products and services to individuals and businesses in the US and around the world. Aside from home insurance, it also offers various financial products and services. Prudential Plc ranks 7th, an international insurance company with a large presence in various countries. The UK’s biggest insurer plans to break off its US business following a robust performance in Asia. Axa SA is a French insurance company that is one of the world’s leading property and casualty firms. It is also known for its asset management and insurance businesses. Read Insider Monkey’s original article 10 Best Home Insurance Companies.