Bamboo Insurance Reviews: Is It Worth Your Money?

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Bamboo Insurance, founded in 2018, is a Texas-based insurance agency that has been expanding its coverage throughout the U.S. over the years. It offers various insurance products, including home, rental, condo, and flood insurance. Bamboo Insurance’s tagline, “bamboo grows fast, so do we,” showcases its ambition to provide fast and efficient insurance services. In this article, we will be evaluating Bamboo Insurance’s reviews to determine whether it is worth investing your money with them.

Table Contents show

Customer Satisfaction

One of the essential factors to consider when purchasing insurance is customer satisfaction. According to a survey by Clearsurance, an independent insurance review platform, Bamboo Insurance received a 4.71-star rating out of five based on 111 reviews as of August 12, 2021.

Bamboo Insurance received high praises for its affordable rates, excellent customer service, and ease of use. One customer mentioned, “I shopped around and even my previous insurance. Bamboo was the most affordable and easy to deal with. And the coverage is better than my previous insurance.” Another customer lauded Bamboo Insurance’s responsiveness, “I had a claim that was resolved within a week, and Bamboo’s team stayed in contact with me the entire time.”

Although Bamboo Insurance had many positive reviews, a small percentage of customers were unsatisfied with its claims process. One customer mentioned, “I had a theft claim that was handled unprofessionally, and it took longer than expected.” Another customer stated, “The claims process was a bit slow, but the agent was helpful.”

Overall, Bamboo Insurance has received excellent reviews from its customers due to its affordability, responsiveness, and customer service.

Coverage and Benefits

Another crucial factor to consider when purchasing insurance is the coverage and benefits provided. Bamboo Insurance offers various insurance products, including homeowners, renters, and condo insurance. It also provides flood insurance coverage in all 50 states.

Bamboo Insurance’s home insurance covers damages to your property, personal liability, medical payments, additional living expenses, and more. Its renters insurance covers personal property, personal liability, additional living expenses, and loss of use.

Additionally, Bamboo Insurance offers several discounts, such as auto-pay, home security systems, smoke detectors, and more.

Table 1: Bamboo Insurance Coverage Comparison

Coverage
Home Insurance
Renters Insurance
Property Damage
✓
✓
Personal Liability
✓
✓
Medical Payments
✓
✓
Additional Living Expenses
✓
✓
Loss of Use
–
✓

As seen in Table 1, Bamboo Insurance offers similar coverage and benefits for its home and renters insurance products. Its home insurance covers additional expenses not included in its renters insurance, such as loss of use.

Pricing

Pricing is a crucial factor to consider when purchasing insurance. According to Clearsurance’s survey, Bamboo Insurance has an average annual premium of $872 for homeowners insurance and $275 for renters insurance, making it an affordable option for its customers.

Bamboo Insurance also offers discounts to help its customers save money. Its discounts include multi-policy, homeowner, protective devices, and more.

FAQs

1. How do I file a claim with Bamboo Insurance?

You can file a claim with Bamboo Insurance by calling their toll-free number at 1-888-568-0548 or by visiting their website and filling out a claims form.

2. Does Bamboo Insurance provide coverage in all states?

No, Bamboo Insurance only offers flood insurance coverage in all 50 states. Its home and renters insurance coverage varies by state.

3. How do I cancel my policy with Bamboo Insurance?

You can cancel your policy with Bamboo Insurance by calling their customer service at 1-888-568-0548 or by visiting their website and filling out a cancellation form.

4. What discounts does Bamboo Insurance offer?

Bamboo Insurance offers various discounts, including multi-policy, homeowner, protective devices, and more.

Conclusion

Overall, Bamboo Insurance has received excellent reviews from its customers due to its affordability, responsiveness, and customer service. Its coverage and benefits are similar to other insurance providers in the market, and its pricing is relatively affordable. However, a small portion of its customers experienced challenges with its claims process. As with any insurance provider, it is essential to review your policy’s terms and conditions before purchasing and ensure it meets your needs and budget.

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