Wells Fargo Homeowners Insurance Review

Enjoy a good read through our Wells Fargo insurance review and make the right choice that suits you.

Does Wells Fargo Offer Homeowners Insurance

No doubt, Wells Fargo is a leading Mortgage provider. The company is also well known for providing banking and other financial services. But does Wells Fargo offer Homeowners Insurance? The simple answer is yes. Wells Fargo understands the need for everyone with a mortgage to have homeowners insurance. Accidents happen, and it would be a total loss if you are not covered. That is why Well Fargo includes homeowners insurance in its products. Wells Fargo Homeowners insurance offers their services covers damages to your home due to fire incidence, flood, wind, and other common disasters. Also, depending on the type of insurance you purchased, Wells Fargo Homeowners Insurance cover may include damages to the properties in the house as well as your liability in the accidental destruction of your home. There are many insurance policies available from Wells Fargo, but you can rest assured that you can get as much as 100% coverage for any damage. All you need to do is to talk with your insurance agent to be sure of the coverage included in the policy you are planning to purchase.
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Wells Fargo Homeowners Insurance Review and Costs

Wells Fargo: Authentic service by an exceptional home insurer. So, you have decided to purchase a homeowners insurance policy. It would be best to be sure you are buying from a reliable company. Wells Fargo, one of the largest bank in the United States has provided features such as availability across the entire United States, comprehensive coverage, competitive pricing, good financial standing, and professional customer service over the years. You don’t have to worry about Wells Fargo Homeowners Insurance cost as the company offers competitive prices. Wells Fargo homeowners insurance review has been good, and even most of the homeowners using its policies are satisfied with its prompt response to their needs. Yet, they received a C- rating from the Better Business Bureau ranks in the area of customer service. Just like any other company, they were customers that were displeased with their services. If you are interested in Wells Fargo Homeowners Insurance price, you can get a free quote for your desire policy from its website, or call their customer services for pricing
Wells Fargo Homeowners Insurance High-Level ReviewBy the Numbers
BBB rating for Wells Fargo Homeowners InsuranceC-
Wells Fargo Renters Insurance JD Power Rating4/5
Avg. Cost for Wells Fargo Homeowners Insurance Yearly$1,841.60
Avg. Cost for Wells Fargo Homeowners Insurance Per Month$153.47

Wells Fargo Howeowners Insurance Coverage

Although when you buy insurance, you always wish never to need it, notwithstanding, before you pay for any insurance policy, you must be sure of what you stand to gain in case you need to make a claim. So, what does Wells Fargo Homeowners Insurance cover? There are many policies you can purchase from Wells Fargo under its homeowners insurance. Each of the policies has its specific coverage and of course, different premiums. As should be expected, the more the coverage, the higher the premium, so making a decision would depend on your budget for a homeowners insurance. When you purchase a Wells Fargo homeowners insurance policy, you will get standard coverage against fire, tornadoes, burglaries, legal liabilities, personal properties in the building, cost of living outside the home during the time your home is damaged, and medical coverage. Optional coverage is also available such as coverage against natural disasters like flooding and earthquake. They are usually excluded in many policies, and you may need to apply for them separately. 
Flooding is an essential issue for all homeowners whose houses are located in a region susceptible to flood. Those areas are called Special Flood Hazard Areas. If your home is located in such areas, and you have a mortgage, then you would be required to have special insurance called flood insurance. But does Wells Fargo Homeowners Insurance cover flood damage? Well, Wells Fargo sells flood insurance, but as explained earlier, flood insurance is for homeowners, but it is different from homeowners insurance. It is usually an optional coverage, but it is important for people living in high flood hazard areas. If your home is not located in the Special Flood Hazard Areas, you may still decide on your own to purchase flood insurance to be safe. Wells Fargo homeowners insurance water damage coverage is up to a minimum of 100% of the cost of your building. You may also be interested in mold damage. Does Wells Fargo homeowners insurance cover mold? The answer is both yes and no. While molds growth is a disaster, all insurance companies expect you to protect your home and prevent the growth of mold. However, your insurance policy will cover the cost of removing mold if unpreventable incidents cause it. 

How Much is Wells Fargo Homeowners Insurance Near You

Having decided to buy an insurance policy, you will surely want to know how much is homeowners insurance from Wells Fargo? The cost of your premium will depend on factors like the value of your home, the location of your home, the vulnerability of your area to natural disaster and the amount of coverage that you want. However, the average cost of homeowners insurance in the United States is $1445 per year with states like Oklahoma, Kansas, South Dakota, and South Carolina being among the most expensive states for homeowners insurance. At the same time, homeowners in Delaware, Vermont, and Pennsylvania may not pay more than an average of $600 a year for their insurance.

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Get a Wells Fargo Homeowners and Auto Insurance Discount

Do you know that you can get a discount on your Wells Fargo homeowners insurance policy? If you want to pay a lower premium and save without reducing your coverage, then you should take advantage of the Wells Fargo Homeowners insurance discount. You can earn a discount on your premiums in many ways. One way is to install fire alarms in your home. The safer your home is, the more the discount you earn. Another way to receive discounts is to bundle auto and homeowners insurance with Wells Fargo. What does that mean? If you have got a car and a home, then you can combine the two in one premium. When you combine Wells Fargo homeowners and auto insurance, you will pay lesser than what you would have paid if you purchased auto insurance and homeowners insurance separately. This way, you cover your vehicles as well as your home in one premium and save a great deal. You can also earn more discounts when you have a burglar alarm in your home. And if you have been a long term customer with Wells Fargo, you can also receive discounts on your Wells Fargo homeowners insurance in their loyalty program.

Costs of Wells Fargo Homeowners Insurance Compared with Competitors

Wells Fargo is a part of the Insurance agencies and brokerage industry. It has been offering a large range of homeowners insurance services across the United States for a long while. Not only does Wells Fargo provides a wide range of homeowners insurance policy, but its pricing is also affordable and competitive. Wells Fargo homeowners insurance cost might not be the cheapest amongst other homeowners insurance provider in the United States. Still, it is very affordable. One factor that contributes to the spur in the Wells Fargo homeowners insurance price is that competitors may have fewer regulatory constraints and as such have lower cost structures. Citigroup, a financial service provides homeowners insurance just like Wells Fargo but made so much loss during the great recession. Also, when you compare Wells Fargo Home insurance cost with that of its competitors and consider other facts like the financial stability, a wide range of options, and excellent customer services, you will agree with us that Wells Fargo stands well out above the rest.

Reaching Out to Wells Fargo Homeowners Insurance

Every insurance policy owner prays never to need to file a claim. However when accidents occur, having insurance is a relief, especially having a Wells Fargo homeowners insurance. The steps in making a Wells Fargo Homeowners Insurance claim is quite easy. First, create a contact with your insurance company, fill a claim form and fix a time for inspection. Then make a follow-up call to discuss how to process your Wells Fargo insurance claim check, and how they will assist you with any financial burden the property damage might have cost you. Wait for your payment. Contact Wells Fargo immediately you get your payment to oversee the repair of your home. Note that these are basic steps for all property insurance claims, and an individual situation may vary slightly. For instance, if the damage to your home is a minor one, the Wells Fargo may not need to supervise the repair; rather it will only endorse the check and leave you to repair entirely on your own. For help and assistance, you can always call Wells Fargo customer service on 1-888-818-9147, 1-866-355-1540, 1-888-219-2237, 1-800-219-9739.
Maybe you have seen a better insurance company, or you can no longer afford paying your premium. Or perhaps you have sold the house or changed ownership, and you are planning to cancel Well Fargo Homeowners Insurance, you can do that easily. So, what do you need to know about how to cancel Well Fargo Homeowners Insurance? You must first note that if you have a mortgage, you must have insurance. Then, you can cancel your insurance as soon as your repayment has reached 78% loan-to-value, calculated using the initial value of your home. You must also make sure that you are not in arrears of your homeowners insurance payment. You will also need to discuss with your insurance agent, notify the company of your decision, fill a cancellation form, and wait for the cancellation to be approved. Wells Fargo Homeowners Insurance cancellation policy is also available online. You can visit the company’s website to read more on how to cancel Wells Fargo Homeowners Insurance online.

Deciding on Whether Wells Fargo is Right for Your Home

Wells Fargo is among the leading Homeowners Insurance policy providers. It has its presence across the United States and has an outstanding performance. Its homeowners insurance covers all the basic damages that can affect your home, but also extends to personal property loss, liability, treatment of injured people, cost of living during repair as well as natural disasters like flooding. Wells Fargo has many options for you to choose from, and its prices are affordable and competitive. Making a claim is straightforward, and the company will also supervise the repair of the damage as well as the repairs done to your home. Additional points are scored for technology-savvy individuals to have access to their as the USAA mobile app makes it easy to file a claim, make your payments, and lots more. If you choose to buy insurance from Wells Fargo, you can request for Wells Fargo Homeowners Insurance Quote online, and details of the cost of its various policies will be sent to your immediately. However, to ensure you are being given a fair deal, you should compare the Wells Fargo homeowners insurance quote with homeowners insurance quotes from other companies.