May 10, 2018 | IN Blog

Why is finding insurance so difficult?

So I’m looking to shop my homeowner, auto and umbrella policies…and the process for doing so is – frankly – frustratingly horrible. Each site has a super-detailed form that wants the same exact data you’ve typed into every other form on other websites. It maddening, mostly because it’s almost completely unnecessary.

This should be a relatively fast process, driven by SSN and address – which is how almost all of this data is stored.

One of the reasons is because the data industry has pounded insurance carriers into cost avoidance by charging a lot of $$ for every single inquiry – if you want to know the risk, you have to pay. At HazardHub, we think this is silly – #carriers can get our data and only pay us when they bind – aka – we’re successful when they’re successful. We believe it’s the way the industry SHOULD run. BTW – I ended up bailing on the online forms…after the 6th page of data entry. If you’re an insurance carrier who wants fast access to hazard and property characteristic data, let me know. We’re happy to help.