Green Tree Home Insurance Advantage Review

We’ve mentioned time and again that insurance is mostly a “marketing” business.

While various companies can offer somewhat unique service and minor coverage tweaks, at the end of the day, there isn’t much difference between what’s available to homeowners in the way of insurance.

Homeowners can purchase a bare-bones homeowners insurance policy or opt for the most comprehensive coverage available in their state.

Once the comfort level and risk tolerance are determined, homeowners tend to simply go with the agent or insurer whose “marketing” they find most attractive.

Where does Green Tree Servicing come into play?

Well, they have the goods as far as insurers are concerned. As a mortgage lender and loan servicer, they have an existing client list and relationship with their borrower that’s ripe for the insurance pickin’.

As a mortgage servicer, Green Tree Servicing handles billings and other aspects of mortgage accounts on behalf of other entities. Moreover, it works with other lenders to discover the ones that are best suited to meet the requirements of individual borrowers.

The mortgage servicing operation is headquartered in St.Paul, MN, while the mortgage brokerage is located in Tustin, CA. Green Tree also provide a variety of insurance products through its Green Tree Insurance Agency (homeowners insurance on mobile homes, warranty insurance for appliances, and various home systems, as well as auto, boat, RV, and motorcycle insurance.

The company was acquired by Walter Investment Management Corp. in July, 2011. As a mortgage broker, they don’t make loans themselves, but work with a range of lenders providing a variety of mortgage products.

Green Tree has partnered with Ranchers and Farmers Mutual Insurance Company (Beaumont, TX) and American Bankers Insurance Company of Florida to offer property and liability coverage to Green Tree’s existing clients.

And Viola! You have “Green Tree Insurance Agency” and the Green Tree Home Insurance Advantage insurance product.

Green Tree probably takes a cut of commission for the successful marketing and the insurers get access to several clients who may or may not read the fine print and realize Green Tree has nothing to do with it, other than “selling” your profile for some targeted marketing materials.

So, what about the policy?

You’re asking the right questions. Without having access to the entire policy, TTAI cannot go into specific detail, but the policy appears to be a basic named perils policy, with everyday, run-of-the mill coverage, and the basic available add-ons for insurance coverage (which increase the insurance premium).

Replacement cost coverage is included (on the house, not your contents) on the policy versus actual cash value.

Read more about the difference between replacement cost and actual cash value.

What options are available?

Comprehensive Coverage Endorsement – this is the coverage you would want to add to make this policy more like the “all risk” policy. Many insurance agents recommend an all risk policy versus named perils in order to be “covered” against more overall causes of loss.

Replacement Cost Coverage for Personal Property – this is highly recommended coverage. If your “stuff” is destroyed by a covered loss, you would receive new items of “like kind and quality” up to the policy contents limit.

Schedules Personal Property – If you have expensive jewelry, guns, silverware etc., you need to add additional coverage for the specific items.

Water Backup of Sewers and Drains – Always recommended. You do not want to be stuck paying for the cleanup and damage resulting from a backed up sewer…ewwww!

Read More: Why is my home’s replacement cost so high?

How does it stack up to the competition?

In a word…lackluster. This is a base policy with available options, at additional cost, to make it about as good as average.

(Average cost of homeowners insurance.)

On a positive note, the insurers Green Tree works with offer a decreasing deductible (not applicable to windstorms) which results in a $50 decrease for every year you are insurance claim free (similar to the Nationwide Vanishing Deductible).

Also, you may be able to un-clutter your life a little by paying your insurance bill along with your Green Tree monthly mortgage payment if you opt for their coverage.

Green Tree Insurance Agency also has partners that specialize in homeowners insurance designed for manufactured home (MH) owners.

Tip: Is homeowners insurance included in the mortgage?

Green Tree Home Insurance Advantage Effortless Claims Process

Ease of Filing a Claim

Green Tree Home Insurance Advantage offers multiple convenient options for filing a claim. Homeowners can file a claim online through the company’s website, over the phone, or by using their mobile apps. The user-friendly interface of their online platform and mobile apps simplifies the process, ensuring a hassle-free experience for policyholders.

Average Claim Processing Time

The company is committed to efficient claim processing. While specific processing times may vary depending on the nature and complexity of the claim, Green Tree Home Insurance Advantage aims to resolve claims in a timely manner.

Policyholders can expect a reasonable turnaround time, allowing them to recover from covered losses without unnecessary delays.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback plays a vital role in evaluating an insurance provider’s performance. Green Tree Home Insurance Advantage has received positive reviews regarding their claim resolutions and payouts. Policyholders have expressed satisfaction with the promptness of claim settlements and the fairness of the payouts.

This positive feedback reflects the company’s dedication to customer satisfaction and efficient claims management.

Unveiling Digital and Technological Features of Green Tree Home Insurance Advantage

Mobile App Features and Functionality

Green Tree Home Insurance Advantage offers a robust mobile app equipped with various features to enhance the overall customer experience. Policyholders can access their policies, file claims, and track the status of existing claims through the app. Additionally, the app provides useful resources and guides to assist homeowners in understanding their coverage better.

Online Account Management Capabilities

The online account management system provided by Green Tree Home Insurance Advantage empowers policyholders to manage their insurance policies conveniently. Through the secure online portal, homeowners can view policy details, make payments, and update their contact information.

The intuitive interface ensures that policyholders can navigate the platform effortlessly, enabling them to stay informed and in control of their insurance coverage.

Digital Tools and Resources

In addition to the mobile app and online account management system, Green Tree Home Insurance Advantage offers various digital tools and resources to educate and assist homeowners. These resources include informative articles, FAQs, and interactive tools that help policyholders understand different aspects of home insurance.

By providing valuable digital resources, the company ensures that homeowners have access to essential information to make well-informed decisions about their coverage.