Last month, Ohio’s Home Value Insurance Company launched a new insurance product dubbed Home Value Protection Insurance. The insurance plan is the first in the nation to provide protection against falling home prices due to a volatile market. Since announcing the plan, more than 75 independent insurance agents have applied to sell it, making Home Value Protection Insurance one of the most popular policies amongst agents in the nation. Given that the plan has no equal, there is an unprecedented opportunity for agents able to sell the product. The coverage…
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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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