GEICO allows you to buy home insurance, but the policy you get is not underwritten by them. This leaves the question of whether they are a provider or just an agent. GEICO may have sold you your home insurance but they are simply a brokerage. Your actual policy is from a different insurance company. If that sounds confusing to you, keep reading for more details.

Why GEICO Isn’t a Home Insurance Company

Even though GEICO can sell their home insurance policy to you, they cannot pay your claims in case of a covered loss. This, however, does not mean that you wouldn’t receive compensation for your loss. It only means that the compensation will not come from GEICO.

Being an insurance agent, GEICO sells insurance on behalf of an insurance company for a commission. GEICO is not in any way linked to the profits that the insurance company makes. GEICO acts as an insurance agent for other companies because it has an impressive distribution network. They are, however, not interested in developing their own home insurance product. GEICO provides auto insurance and nothing more.

Where Does GEICO Home Insurance Come From?

GEICO works with various insurance providers so your home insurance policy could have come from any one of them. If you want to know the exact company that will pay your claims in case of damage, have a good look at the details of your policy. You will find the name ‘GEICO General Insurance Agency’ and the name of the insurance company in a smaller font. Most of the top insurance companies are outsourced by many insurance agents.

On GEICO’s website, it says that their home insurance coverage is written through non-affiliated insurance companies. There is a page where you can find a list of all the companies that work with GEICO.

Would a GEICO Home Insurance Review be Accurate?

Reviewing GEICO home insurance is pointless, it basically does not exist. Your policy could have come from either one of the many insurance companies that GEICO works with. There is no guarantee that two people with GEICO will have policies from the same company. The experiences of these customers would depend on the different insurance companies. Different insurance providers may have different ways of dealing with claims and GEICO does not really have a say in it. They have different rates and the details of their policies are different too. The only thing that you can possibly review is the customer service from GEICO. Another thing that you may be able to review is the ability of GEICO to choose good insurance companies to partner with. GEICO may be in a position to help you shop for the right price depending on where you live.

The next time you are looking for home insurance from GEICO, it is important to understand that it is not really an insurance company. The same is the case for renters and life insurance. GEICO pitches 24 lines of insurance. They work with affiliated companies to earn a commission and provide you with the coverage you need. That is why you should not expect them to compensate you for our claims. GEICO takes pride in being one of the most reliable insurance agents. They help you find the right coverage.

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