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Coverage for Declining Property Value Now Available in Okla.

Home Value Insurance Co. is now licensed in Oklahoma to provide an unusual type of homeowners' coverage intended to safeguard against dwindling property values.

By Christina Bramlet | Updated on February 28, 2012

In September 2011, Home Value Insurance Co. introduced a type of homeowners’ insurance intended to safeguard families against a decline in property value. At the time, the coverage was only available to Ohio residents; however, the company had projected to sell the policies in “15 to 20 states” by the end of 2012.

It would seem that Home Value Insurance is making progress toward that goal, as the company rolled out a plan to help Oklahomans insure against having their homes become a casualty of the depressed real estate market.

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