Homeowners Insurance Innovations – How to Save Money On Your Insurance

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 20 November 2020

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you been over paying for your homeowners insurance?

Would you even know if you were?

We interview industry insider Sean Harper about how he is innovating the homeowners insurance industry to reduce your costs by taking a different look at how the insurance companies calculate risk. Did you know these insurance companies are using the same methods from decades ago even though technology has allowed them to be more efficient?

This insider interview has given me a lot of interesting insight in an industry we don't think much about, but should.

For more information, visit the show notes at https://moneytreepodcast.com/homeowners-insurance-sean-harper

^{Today's Panelists:}

^{Kirk Chisholm | Innovative Wealth}
^{Barbara Friedberg | Barbara Friedberg Personal Finance}
^{Megan Gorman | The Wealth Intersection}

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.0	Hello, Smart Money Tree podcast listeners.
0:13.0	Welcome to this week's show.
0:14.0	My name is Kirk Chisholm and I will be your host.
0:17.0	Today we're going to be talking about home insurance.
0:20.0	This is probably one of the few topics we have not talked about on the show before.
0:23.7	But I want to talk about it considering all of the stuff going on in the world with COVID, with global warming and flooding and all the...
0:30.3	I think California has hit every single one of the natural disasters that possibly could happen or all happening all at once in California.
0:38.2	So I really wanted to talk about it just to kind of get to the bottom of this and to really look
0:42.9	at what people should be considering with their own policies.
0:46.4	So today we brought on Sean Harper to talk about this topic.
0:50.2	How you doing today, Sean?
0:51.4	Hey, I'm really good.
0:52.5	Thank you for having me.
0:53.9	So, Sean, why do you tell us a little bit about your background and what you're doing,
0:56.4	just kind of for starters here? Yeah, I've been doing online financial services for my whole life,
1:02.1	almost. My thesis is that at the core of any financial company, whether it's a bank or insurance
1:08.5	company or stock trading company, they're actually
1:11.3	software companies because these are all virtual goods. There's no physical thing. Yet, if you look
1:16.6	at most insurance companies, banks, et cetera, they're running on really ancient technology and it
1:21.9	creates a lot of problems for them. So what we've done in a couple of industries now, and the most
	...

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