90% of Homeowners Concerned but 46% Haven’t Verified Identity Fraud Coverage
THG•90% of homeowners expressed concern about protecting homes and property, yet 46% haven't verified identity fraud protection, 41% haven’t checked service line coverage and 38% haven’t confirmed water backup protection. Additionally, 81% deem comprehensive policies essential and 74% would pay more for broader homeowner insurance coverage.
1. Survey Highlights Coverage Confidence Gap
The Hanover’s 2026 Home Report finds 90% of homeowners worry about protecting their homes and personal property, but many have not confirmed what their policies actually cover.
2. Overlooked Protections
Survey data reveals 46% of homeowners haven’t verified identity fraud protection, 41% haven’t checked service line coverage, 38% haven’t confirmed water backup coverage and 24% remain uncertain about personal property replacement cost.
3. Homeowner Concerns and Preferences
Homeowners cite regular repair costs (45%), severe weather damage (42%) and non-weather events such as leaks and fires (32%) as top risks, while 81% say comprehensive policies are essential and 74% would pay more for broader protection.
4. Business Implications for The Hanover
The coverage confidence gap highlights opportunities for The Hanover to drive policy reviews and promote add-on coverages, potentially boosting premium revenue and customer retention.
