5 Best Building Insurance Companies Heading into 2024

In this article, we will discuss the 5 best building insurance companies heading into 2024. If you want to read our detailed analysis, you can go directly to 15 Best Building Insurance Companies Heading into 2024.

5. Zurich Insurance Group AG (OTC:ZURVY)

Market Capitalization as of December 16, 2023: $75.01 Billion

Zurich Insurance Group AG (OTC:ZURVY) ranks among the best building insurance companies heading into 2024. The Swiss company provides general insurance, life insurance, disability insurance, and building insurance services. For the company’s building insurance policy, the company protects buildings and their contents in case of damage or accidents.

4. State Farm Insurance

Annual Revenue (2022): $89.3 Billion

State Farm Insurance is one of the best building insurance companies heading into 2024. The company was founded in 1922 and is based in Illinois. It provides coverage for life insurance, home insurance, car insurance, and building insurance. Under its building insurance policy, the company provides coverage for rented or owned houses and property. The company compensates for repair and replacement costs of the building, structure, and personal belongings in case of damage. State Farm Insurance reported annual revenue worth $89.3 billion in 2022.

3. The Progressive Corporation (NYSE:PGR)

Market Capitalization as of December 16, 2023: $89.79 Billion

With a market cap of $89.79 billion, as of December 16, The Progressive Corporation (NYSE:PGR) ranks among the best building insurance companies heading into 2024. The company is based in Ohio and provides commercial, home, auto, and personal insurance. Under its building insurance policy, The Progressive Corporation (NYSE:PGR) covers damages to homes, attached structures, and personal belongings. The company also compensates for temporary living expenses, medical payments, and personal liabilities in case of damage.

2. Chubb Limited (NYSE:CB)

Market Capitalization as of December 16, 2023: $89.79 Billion

Chubb Limited (NYSE:CB) ranks among the best building insurance companies heading into 2024. The company is based in Zurich, Switzerland. The company provides a range of insurance services including home insurance, auto insurance, and business insurance, among other insurance lines. In its building insurance policy, the company provides coverage for replacement and rebuilding costs in case of damage. Chubb Limited (NYSE:CB) boasts a market cap of $89.79 billion, as of December 16.

1. Allianz SE (OTC:ALIZY)

Market Capitalization as of December 16, 2023: $102.19 Billion

Allianz SE (OTC:ALIZY) is a prominent insurance company based in Munich, Germany. The company provides a range of insurance services including property insurance, business insurance, life insurance, and building insurance. Under its home building insurance policy, the company provides coverage for legal liabilities, alternative accommodation, rebuilding costs in case of damage, and debris removal costs. The company covers damages caused by fire, theft, storm, snow, hail, and attacks. Allianz SE (OTC:ALIZY) has a market cap of $102.19 billion, as of December 16.

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