Berkshire Hathaway GUARD expands homeowners' insurance to new states

Berkshire Hathaway GUARD expands homeowners' insurance to new states | Insurance Business

Berkshire Hathaway GUARD expands homeowners

Berkshire Hathaway GUARD Insurance Companies has announced that it has added Indiana, Kansas, Kentucky, Nevada, and Oregon to the list of states in which its homeowners’ insurance product is available.

“As we continue to expand our portfolio, our goal is to be the preferred insurance carrier our agents turn to for their insureds,” said Sy Foguel, Berkshire Hathaway GUARD CEO. “We supply our network of independent agents with quality products that enable them to grow as we do. With these additions, we now offer our personal lines products in 20 states, with plans for further expansion in the months ahead.”

“We are very pleased with the caliber of submissions we’ve already experienced in our previous states, and we fully expect to see that trend continue,” said Lyle Hitt, chief insurance officer. “Our success can be attributed to Berkshire Hathaway GUARD providing a quality, easily understood product along with a high level of service to both agents and policyholders.”

The company’s homeowners’ product targets dwellings valued over $75,000 and includes one- to four-family residences, renters, and condo units (both owner-occupied and those held for rental).

“By mixing and matching policy forms, endorsements and optional coverages aimed at broader protection, policyholders can obtain property insurance suited to their circumstances,” Hitt said. “A personal umbrella with limits up to $5 million is also available.”

“We are confident that we can provide great service to agents that write both commercial and personal accounts,” said Dave Simmons, senior vice president of sales at Berkshire Hathaway GUARD. “Our products are competitively priced and feature a variety of discounts, including one for insureds who have commercial policies with us. We also believe certain aspects of our underwriting appetite are unique and will appeal to producers anxious to cross-sell and achieve a greater client share.”