Nationwide is a major U.S. insurance and financial services company offering homeowners, auto, renters, life, pet, business and other insurance products. Its homeowners insurance is designed to protect the home's structure, personal belongings and a homeowner's financial interests against covered losses.
A Nationwide homeowners policy can provide dwelling, other structures, personal property and loss-of-use coverage, along with personal liability protection. Dwelling coverage protects the physical structure of the home, while other-structures coverage can apply to qualifying detached garages, sheds and similar structures. Personal property coverage can protect eligible belongings both inside and, in certain circumstances, away from the home. Loss-of-use coverage can help with additional living expenses when a covered loss makes the home temporarily uninhabitable.
Nationwide also offers Brand New Belongings®, an optional feature that can help repair or replace covered personal possessions regardless of their age or condition, subject to policy terms, limits and exclusions. The company also offers additional coverage options that can provide increased protection for eligible homes and belongings.
One of Nationwide's notable features is its focus on smart-home technology and loss prevention. Eligible homeowners can receive free or discounted devices designed to detect risks such as water leaks and electrical-fire hazards. Participation may also qualify customers for a homeowners insurance discount. Availability varies by state, coverage selections and rating factors.
Nationwide provides several opportunities for customers to reduce their insurance costs. Potential savings can come from bundling home and auto policies, maintaining a claims-free history, installing qualifying protective devices, making eligible home improvements and using certain payment or paperless options. Nationwide also introduced a Telematics Property Discount that can provide an average 5% homeowners discount to eligible customers who qualify through its SmartRide® or SmartMiles® programs in participating states.
Bundling is another potential advantage. Nationwide currently advertises an average savings of $1,032 when customers bundle home and car insurance, although actual savings depend on state, policy selections and individual rating factors.
Nationwide also works with independent insurance agencies, allowing customers to receive personalized assistance when evaluating coverage and policy options. Its agents can review coverage needs, available discounts and potential ways to adjust protection based on the homeowner's circumstances.
Homeowners should remember that a standard policy does not cover every possible risk. Flood damage, for example, is generally excluded from standard homeowners insurance and may require separate flood insurance. Other risks may require an endorsement or specialized policy. Homeowners should carefully compare dwelling limits, replacement-cost protection, deductibles, personal-property limits, liability coverage and exclusions before purchasing a policy.
Nationwide may be particularly suitable for homeowners who want comprehensive standard coverage, optional protection, smart-home benefits, multiple discount opportunities and access to local insurance agents. Before choosing Nationwide, customers should compare the final quote and policy terms with competing insurers because premiums and available coverage can vary considerably by location and property.
