Does MetLife Offer Homeowners Insurance
Are you a current or soon-to-be homeowner? The freedom of owning property is balanced by the responsibilities that go with maintaining it. With these responsibilities in mind, you might be thinking about getting homeowners insurance to protect the things you care about. Maybe you’ve looked into companies like MetLife – but how can you be sure they’re the right provider for you? We’ve made it easy by providing a review on MetLife’s reputation, coverage, pricing, and claims process, along with information about getting a homeowners insurance quote. Think about your home and all the personal belongings it contains. What would you do if you experienced a sudden loss or disaster and had to pay to replace or repair these things out of pocket? For most homeowners, that would be a devastating financial loss. Homeowners insurance will cover you in these situations, so you can focus on getting your home back in order instead of worrying about how you’ll come up with the money. Think about the level of coverage that will make you feel safe. It’s possible to get affordable homeowners insurance that satisfies your coverage requirements. Read on to discover if MetLife can offer you your ideal policy.
MetLife Homeowners Insurance Review and Costs
MetLife was founded over 150 years ago and is one of the largest insurance providers in the world. This section will provide a brief MetLife homeowners insurance review. MetLife Auto & Home is the brand name for MetLife’s affiliate personal insurance companies. Their tagline is “Navigating life together”, which might suggest the company has a focus on customer service. Customer reviews and ratings from various organizations tell their own story. JD Power gave MetLife homeowners insurance an average score of 3 out of 5 for indicators of customer satisfaction. The Better Business Bureau (BBB) gave MetLife an A-, while the NAIC gave MetLife a subpar rating, suggesting more complaints than the average. Keep in mind that these ratings give an overall impression; you may want to research what categories a company failed or delivered on. Certain qualities may be of more relevance to you than others, depending on what you’re looking for. MetLife is known for its comprehensive coverage packages in particular. A MetLife homeowners insurance policy will cost you $X.XX per year on average, but your individual quote may vary considerably based on your history, location, and the discounts available to you.
| MetLife Homeowners Insurance High-Level Review | By the Numbers |
|---|---|
| BBB rating for MetLife Homeowners Insurance | A- |
| MetLife Renters Insurance JD Power Rating | 3/5 |
| Avg. Cost for MetLife Homeowners Insurance Yearly | $1,633.60 |
| Avg. Cost for MetLife Homeowners Insurance Per Month | $136.13 |
MetLife Howeowners Insurance Coverage
MetLife homeowners insurance policies cover the basics and a little bit extra. Like most homeowners insurance plans, MetLife provides coverage for your home, your, personal belongings, additional living expenses, and your liability. Events like tornadoes, hail, fire, theft, and vandalism are covered. Unlike many providers, which provide actual cash value replacement as a default, MetLife homeowners insurance policies may provide replacement cost coverage. This means the contents of your home can be replaced without valuing in depreciation. You can also get optional coverage for particularly valuable items that might exceed normal policy limits, like jewelry, cameras, or musical instruments. What’s more, every policy includes Identity Protection Services. In fact, MetLife was the first national insurer to offer these services and continues to do so free of charge. You may be eligible for coverage on additional living expenses if your home becomes temporarily uninhabitable. Liability coverage protects you in cases where you or your family are sued for injuries obtained by others on or off of your property. MetLife also offers additional features, such as one that pays the full cost of rebuilding your home, even beyond what the home is insured for.
Standard homeowners policies, including MetLife home insurance policies, do not cover water damage from flooding. Most also do not cover mold infestation except when it’s part of a covered claim –mold coverage can be vague, so it’s always best to ask exactly what restrictions apply. However, they do offer flood insurance as a separate policy that may cover structural damage, flood debris cleanup, and damages to flooring, furnaces, water heaters, and air conditioners. Flood insurance can also cover the contents of your home, such as furniture, clothing, and artwork. MetLife flood agents can sell you flood insurance through association with the National Flood Insurance Program (NFIP), which is run by the Federal Emergency Management Agency (FEMA). MetLife recommends purchasing flood insurance even if you are in a low to moderate risk area – almost 25% of flood claims come from these areas. Flood insurance typically costs around $700 annually; speak to a MetLife flood agent to get a quote and more details. Note that most homeowners insurance plans will cover water damage from internal sources like leaky pipes or faulty appliances – mold caused by these types of water damage usually is covered.
How Much is MetLife Homeowners Insurance Near You
Now that we’ve gone over coverage, your next question is probably, “How much is homeowners insurance through MetLife?”. Location is one of the top factors that influence pricing, so we have compiled a list of states for you to get an idea of the average cost in your area. The national average for MetLife homeowners insurance is $X.XX per month. The most expensive state is Texas, at an average of $X.XX per month. On the other end of the scale, Delaware is the cheapest state at only $X.XX per month.
Get a MetLife Homeowners and Auto Insurance Discount
You’ve seen the average costs, but there’s good news – discounts are available to drive your premiums down, no matter where you live. One of the best and easiest ways to save is to bundle auto and homeowners insurance with MetLife. If you bundle with MetLife, you can save up to $855 or 10% while enjoying the convenience of having only one bill and one deductible. Your multi-policy bundle and discount can also extend to other types of insurance. MetLife offers custom combo plans for people with straightforward and complex insurance needs. You can ask about designing your own insurance bundle with MetLife by giving them a call. Other ways to lower your MetLife homeowners insurance premiums include safety discounts, employer discounts, and choosing a higher deductible. You can get a safety discount in most states by installing home and theft prevention systems, like fire alarms, smoke detectors, burglar alarms, and deadbolts. Try mentioning your employer or association’s name when getting a quote; you may be eligible for an additional discount. You may also save some money on your insurance premiums if you’ve never filed a claim with your previous providers.
Costs of MetLife Homeowners Insurance Compared with Competitors
Now that we have an idea of MetLife’s homeowners insurance pricing, we can take a look at how they stack up to their competitors. MetLife’s most expensive competitor for homeowners insurance is The Hartford; their policy will cost you $X.XX more per month on average. Conversely, AIG is MetLife’s cheapest competitor. On average, you’ll pay $X.XX less per month than if you went with MetLife. Remember that these are only averages and prices will vary based on numerous factors, including your home’s age and construction, the level of risk in your area, and your credit history.
Reaching Out to MetLife Homeowners Insurance
Next you’ll want to know about how to file a MetLife homeowners insurance claim. You can always call MetLife’s 24/7 claims service, but unfortunately, while they offer online claims services and even a mobile app for auto insurance claims, they do not offer online services for homeowners insurance claims. You won’t be able to submit documents or track your claims online. You can, however, contact their claims department on Twitter for online support. You may also email or fax them. They also send out their MetLife Auto & Home National Catastrophe Response Team to areas that have been hit hard by natural disasters. In these cases, their claim associates are the on site to help you with immediate issues and expenses and will work quickly to get you compensated for covered losses. So while there are a few options for making a claim, the most efficient path is likely calling to speak to an agent. Remember to keep information pertaining to the claim as well as your policy number on hand for when you’re ready to submit. MetLife agents will want to know what happened, where it happened, what was damaged, if there were any injuries, and so on.
Maybe you’re already with MetLife and you’re looking for information on how to cancel your MetLife homeowners insurance. Reasons for cancellation can be varied. Maybe you’re selling your home, getting on your partner’s insurance policy, or maybe you’re dissatisfied with MetLife’s coverage, pricing, or customer service. Whatever the reason, you can cancel your MetLife policy at any time. Unfortunately, you can only cancel by calling a MetLife representative; you cannot cancel your homeowners insurance online. You may undergo a sales pitch from the representative suggesting different options or what they can do to keep your service. Give the company ample warning of your cancellation and try to time it between premium payments, if not at the end of your policy term. Always make sure you receive a written cancellation notice in the mail. As with many details related to their insurance, MetLife is not particularly forthcoming about their cancellation policies on their website, so be on the lookout for potential cancellation fees. To cancel, be ready with your personal information, MetLife policy number, and the exact time you’d like your coverage to end.
Deciding on Whether MetLife is Right for Your Home
We’ve gone over many aspects of MetLife homeowners insurance, from the coverage to the pricing to claims and cancellation processes. On their website, MetLife doesn’t provide a lot of specific detail about their homeowners insurance coverage, or about their cancellation and renewal procedures. They also do not have an online tool for quotes. Instead, you’ll have to call or fill out a form for a “no-obligation consultation”, which will prompt a representative to call you. Make note of the fine print below the form; you don’t need to fill out the form to get a quote by phone, you may be auto-dialed, and you are also giving permission for MetLife or a third party to call you for telemarketing purposes. Essentially, with MetLife, expect to do a lot of communicating about your policy (including getting a quote) by phone. We always recommend shopping around and getting quotes from multiple providers. You may find better rates, different discounts, more coverage options, or more user-friendly processes (such as online quoting tools, claims submission, and tracking). We’ve laid the groundwork – it’s up to you to decide if MetLife or another provider is right for you and your needs.
