When it comes to selecting homeowners insurance, it’s comforting to go with a company that’s been in business for a while and understands how the products have evolved over the years to benefit the client. Kalita Agency has been serving the Watertown, CT, area for over 57 years and has a solid knowledge of homeowners insurance. Here, they describe how it has evolved to cater to the needs of a growing population. 

Homeowners Insurance in the 1700s, 1800s, & Early 1900s

The first homeowners insurance policy was written in 1730, protecting the home from fire since many houses were made from wood and built close together. About 100 years later, in the 1830s, state governments became involved when they began collecting taxes on the policies and keeping the capital reserves. However, it wasn’t until 1950 when the first modern policy was written. With these, agencies began taking on more rigorous underwriting processes; agents, property inspectors, and underwriters were used to assess risk. 

Homeowners Insurance Today 

Modern-day homeowners insurance policies are very data driven and designed to protect current dwellings. Using analytics and rating tiers, insurers have the capability for placing your home within a basket of comparable homes and insuring it adequately. Taking into account the materials used, location, security, and technology within the homes, these policies adapt to the needs of the modern-day family. 

Even though modern insurance is very different than it was nearly 300 years ago, the basic principle is still the same—to protect your home. If you’re searching for a trustworthy insurance company, look no further than Kalita Agency. Their trusted and experienced agents will help you find the best policy for your needs. Whether you’re looking for homeowners insurance or another policy, they are ready to assist. Call them today at (860) 274-8882 or visit their website for more information.