BH GUARD Now Offering Homeowners Coverage in Georgia and UtahJanuary 13, 2021
Berkshire Hathaway GUARD Insurance Companies recently announced it added Georgia and Utah to the list of states where the insurer offers its Homeowners product. With these additions, the company now offers its Personal Lines products in 22 states with plans for further expansion throughout the year.
GUARD’s product targets dwellings valued over $75,000 and includes 1-to-4 family residences, renters, and condo units
“With the continued expansion of 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. “As we come out of a record-breaking year for catastrophic events across the country, we recognize the need in the marketplace for a sense of security and we believe we can provide that for our policyholders.”
As noted by Chief Insurance Officer Lyle Hitt, “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. Our success can be attributed to Berkshire Hathaway GUARD providing a customizable product along with a high level of service to both agents and policyholders.
GUARD’s 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). According to Assistant Vice President of Personal Lines Joseph Walton, “By mixing and matching policy forms, endorsements, and optional coverages aimed at broader protection, policyholders can obtain property insurance suited to their circumstances. A Personal Umbrella with limits up to $5,000,000 is also available.”
Hitt explains, “We are confident that we can provide great service to agents that write both commercial and personal accounts. 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.”
Source: Markets Insider