Many consumers continue to struggle with inflation and rising auto and homeowners insurance premiums. But the businesses they rely on – like auto dealers, mortgage brokers, real estate agents and banks – can offer a solution courtesy of a strategic partnership: access to a digital platform that helps consumers better understand their insurance needs and even lower their risks.

The need for greater insurance education is critical, especially when you look at the way Americans feel about their auto and homeowners policies. An October 2022 Harris Poll sponsored by VIU by HUB found that nearly 60% of auto/homeowners policyholders worry that rising inflation and the dynamics of the economy increase their risk of not having enough insurance when a disaster occurs. The online survey, which included 1,600 Americans with auto/homeowners policies, also revealed:

• Nearly half (46%) made a claim on their auto/homeowners policy in the past five years.
• Twelve percent made a claim within the past year, and of those who made a claim, nearly three in four said the insurer did not cover it as expected.
• Eighty percent also said there are aspects of their auto/homeowners insurance that they want to learn about or better understand.