Ohio homeowners offered new insurance policy for falling housing price coverage

An insurance company based in San Francisco will be releasing a new form of coverage to homeowners in Ohio that will protect them against the risk of tumbling housing values and which will be the first of its kind in that state. Case-Shiller Home Price Index calculations will be used by Home Value Insurance Company to help to determine the policyholder’s payouts should the house be sold for a lower amount than its insured value. The insurer was founded in 2009 and is operated under the leadership of Scott Ryles,…

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