Would you buy homeowners insurance from Amazon?

Posted by

Yes you would. So would I.

I bought my homeowners insurance from some AXA guy that I’ve never spoken to again about it. Over the years, we’ve added some jewelry and stuff to the policy but other than that, it’s just kind of a thing that sits out there. We don’t comparison shop it, we don’t think about it.

The pricing of our premiums is driven by all sorts of factors. Amazon may have a way to lower the pricing of these premiums by monitoring a home for things like fire and theft risk using smart devices. Knowing what’s going on inside the homes will let them be smarter about what they should be charging. It’s got to be better than just some random guesses being made by a P&C.

Amazon is said to be considering this line of business. I wouldn’t be surprised if they follow through and do it.

Source:

Amazon Considers Offering Home Insurance (The Information)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Digital transformation solutions commented on Feb 05

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2018/06/06/would-you-buy-homeowners-insurance-from-amazon/ […]

HowIInvestMyMoney