Innovative Startups Disrupting the Home Insurance Industry

by Laura Ginn Writer

As with numerous other industries, startups are creating change within the home insurance industry. Instead of having to rely solely on insurance brokers for their home insurance needs, today’s home insurance shoppers can take part of the purchasing process into their own hands thanks to innovative startup companies. Following are just a few of the companies that are offering home insurance shoppers additional tools to assist them in the buying process.

Docu Home

Docu Home is a startup company based out of Santa Monica, CA. Docu Home is founded by Bradford Stanley and Vincent Drake. Docu Home allows users to complete a full home inventory via a handy online platform. Instead of having to document all of their possessions on paper, users can tabulate all of their insurable goods via Docu Home. With this intuitive inventory platform at their disposal, those in the market for home insurance can complete the inventory process in far less time than it traditionally takes. Thanks to modern digital technology, users can take detailed photographs of each room in their home and then tag all of their possessions digitally. In the event of insurance claims, an adjuster can see with their own eyes the possessions a claim pertains to and where in the home those items were located. The Docu Home system even allows users to store important home insurance documents online. From artwork appraisals to family fire escape plans, all-important home insurance documents can be safely stored online.

Home Minders

Home Minders is a startup company based out of Austin, TX. Founded by Lloyd Kurth and David Gray, Home Minders offers users everything from vacation planning checklists to weather proofing checklists. When it comes to home insurance, making sure that a home is monitored while the owners are away on vacation is vital to whether a claim is approved or disqualified. The same principles apply to taking adequate measures in terms of severe weather. Thanks to the Home Minders system of checklists and reminders, a home insurance policy holder never has to worry about forgetting important details pertinent to their insurance coverage. From home maintenance plans to emergency preparedness and appliance failures, the Home Minders platform covers all of the bases.

Help Me Claim It

Help Me Claim It is a startup based out of Miami, FL. Founded by John Turner, Help Me Claim It offers users an interactive platform for insurance shopping. Via the Help Me Claim It website, insurance shoppers can connect with home insurance providers, compare home insurance costs between agencies, and even calculate potential premiums. This all-in-one approach allows users to cut down on the time required to shop for adequate home insurance coverage.

These are just some of the startups being founded by entrepreneurs within the home insurance sector. Thanks to mobile technology and digital cameras, the opportunities for entrepreneurs to disrupt the insurance industry are many. Which of these innovative home insurance startups will you be adding to your list of must-investigate companies this year?

Bio

Laura Ginn knows that the world of insurance is always changing and adapting to meet the needs of the changing market. New companies are always coming along with innovative policies designed to make insurance claims easier while keeping insurance premiums as low as possible, so it always pays to shop around for the best deal.