Countrywide Homeowners Insurance Company

Countrywide homeowners insurance company is probably a name you have heard before. They have been a major player in the home mortgage and homeowners insurance industry for decades. Things have changed dramatically over the last few years and so has Countrywide. To learn more about Countrywide homeowners insurance company and what this ever-changing company can do for you, read this overview.


Countrywide Homeowners Insurance Company History

Countrywide was founded in 1969 as a home mortgage company. In the subsequent years they evolved into offering other financial products as well as homeowners insurance. Countrywide is based in Calabasas, California. Countrywide began trading on the NYSE in 1985 and performed strongly until the recent housing bubble burst. They were purchased in February of 2009 by Bank of America. Countrywide homeowners insurance company now offers insurance through the name of Bank of America.


Countrywide Homeowners Insurance Company Policies

Countrywide homeowners insurance company through Bank of American offers the same standard policies that you will find with most homeowners insurance companies. A policy purchased will include coverage for the following.


  • Fire
  • Lightning
  • Plumbing freezes
  • Structural damage
  • Theft
  • Water damage (not including flooding)
  • Wind/hail


The specific items that will be covered against the above types of damage include:


  • Main residence (i.e. the home)
  • Additional structures on the property
  • Personal effects (includes your personal belongings as well as the property of others)
  • Personal liability (protection from lawsuits)
  • Loss of use (expenses for hotel, additional travel, etc.)
  • Medical payments (a component of liability protection)


Countrywide Homeowners Insurance Company Additional Services

Because Countrywide homeowners insurance company is now a part of Bank of America, you will have also have access to a whole host of financial services. Insurance products such as life insurance, auto insurance, health insurance, and health savings accounts are available. In addition, you may have access to services such as:


  • Credit protection
  • Home loan protection
  • Home warranties
  • Identity theft protection
  • Premium credit cards
  • Various investment opportunities


You may take advantage of as many of these services as you wish. If you bundle insurance policies, such as home and auto, you will save money on each policy and thus increasing the value of each policy and your overall savings.


Countrywide Homeowners Insurance Company Financial Stability

Bank of America has suffered through many tough economic times in its history that has challenged its financial stability. California earthquakes in the 1980′s and the tough economic times of the first decade of the 2000′s have presented stout challenges. Countrywide homeowners insurance company and Bank of America have come out of each not unscathed but still in position to offer protection for home owners. As the economy has recently improved, so has the financial stability of Bank of America.


Compare Countrywide Homeowners Insurance Company Rates With Other Providers

As you shop around for homeowners insurance in your area, comparing rates will be a great benefit to you. By comparing rates, you can see which homeowners insurance company can provide you with the best coverage at a price that is within your budget. Countrywide homeowners insurance company may be among the insurance providers you consider. If you feel comfortable with their service, history and future outlook, then comparing their rates with other companies you feel strongly about will result in quality homeowners insurance. The more you shop for homeowners insurance, the more companies you consider, the more likely you are to find the perfect homeowners insurance policy.

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