Best Homeowners Insurance

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Contributor, Benzinga
Updated: May 25, 2022

Want to jump straight to how to buy Wrapped Ethereum (WETH)? You can buy ETH on eToro, Webull or Robinhood and swap it for WETH.

Are you looking to make an offer on the prominent NFT marketplace OpenSea? Or do you want to stake WETH in a yield farming platform? To do so, you will first need to buy WETH, the wrapped version of Ether (WETH). Wrapped ETH (WETH) has a wider range of use cases than ETH. 

What is the Difference Between WETH and ETH?

Ether (ETH) is the native token to the Ethereum blockchain. If you are looking to use the ERC-20 standard of ETH, you may need to turn your ETH into WETH. This is an in-depth guide on exactly how to buy Wrapped Ethereum (WETH).

What is WETH?

Wrapped Ethereum (WETH) is an ERC-20 token pegged to Ethereum’s native token ETH. The ERC-20 token standard allows for the capability of smart contracts on the Ethereum blockchain. A smart contract is a computer program that enforces the terms of an agreement. Therefore, ERC-20 tokens allow for all kinds of things. Since both pegged to Ethereum, ETH and WETH have the same price. If you want to access a service paid for using an ERC-20 token, you need to wrap your ETH. Some platforms automatically swap it for you as a first step in the transaction, but in other cases, you need to do it yourself. WETH is the tradable version of ETH and is frequently used on decentralized finance (DeFi) and decentralized application (dApp) platforms.

Brief History of WETH

WETH launched in 2017 and was pegged to ETH. ETH is the second largest cryptocurrency in the world and may even contest Bitcoin for the top spot soon. You can check out ETH’s price history here

ETH is unable to be exchanged directly with ERC-20 tokens that live on the Ethereum blockchain. To exchange ETH for these tokens you first wrap it, creating WETH. One of the main reasons WETH was created in the first place was to use dApps in the Ethereum ecosystem.

How to Buy WETH

Before you learn how to buy WETH, you will need some regular ETH.

Step 1: Open an online account.

The first step in getting WETH is to open an account on a crypto exchange to purchase ETH. To open an account, you’ll need provide things such as:

  • Your full legal name
  • Your address
  • Your phone number and email address
  • A government-issued ID (includes driver’s license, passport or military ID)
  • A password of your choice

Depending on the exchange, you may need to provide more personal info. It's a good idea to have the information provided above ready to go when opening an account. Most exchanges allow you to open an account in as little as a few minutes; however, some exchanges make take longer to verify your ID. Once your identity has been verified, you’re ready to begin investing.

Purchase ETH. Being the second largest cryptocurrency by market cap, many popular crypto trading platforms support Ethereum. Some of your best options include eToro, Webull and Robinhood Markets Inc. (NASDAQ: HOOD).

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    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) and USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections and not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

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Step 2: Buy or download a wallet (optional). 

To obtain WETH, you’ll need a wallet that supports the token. You can choose from two main types of crypto wallets: hardware wallets and software wallets. Software wallets are often easier and faster to use but are less secure than their hardware counterparts. Some of the best options for software wallets on the market right now are Exodus wallet and MetaMask. Then, you will be able to obtain WETH through connecting your wallet to a decentralized exchange (DEX) like Uniswap and swapping your ETH for WETH.

Best Hardware Wallet: Ledger

Ledger is one of the top hardware wallets on the market. It is easy to use and supports sending and receiving WETH. Once you have purchased a Ledger hardware wallet, you download its software onto your computer and create an account. 

You’ll be assigned a wallet address (typically a long string of letters and numbers), and then you can send and receive thousands of cryptocurrencies through the wallet. Hardware wallets offer an extra level of security as opposed to software wallets, but they cost money, while software wallets are typically free. Additionally, Ledger provides the convenience of connecting to software wallets such as MetaMask to check your account balance.

Best Software Wallet: MetaMask

MetaMask is a free and widely used online wallet for Ethereum. It’s available as an extension on Google Chrome, Mozilla Firefox, Brave and Microsoft Edge browsers. It also has an app on both iOS and Android phones.

  1. Allows you to swap ETH for WETH directly in the wallet.
  2. Click the wallet extension icon in upper right hand of Google Chrome.
  3. Click Swap.
  4. Swap as much ETH for WETH as you'd like to.

Step 3: Swap for WETH through a DEX.

  1. Launch Uniswap.
  2. Connect your wallet with the “Connect Wallet” button in the upper right hand corner.
  3. Select ETH on the top and WETH on the bottom as shown below.
  1. Enter the desired amount of ETH you'd like to swap for WETH.
  2. Press Wrap, complete the transaction in the wallet window and in a few seconds your WETH should show up in your wallet

Note: If you don't see your WETH after the swap goes through, you may need to add the token to Metamask (or whichever wallet you are using). To do this all you need to do is scroll down in the Assets tab in the Metamask window and click import tokens. You can either search for WETH there or copy and paste the token address from a site like CoinMarketCap.

Trade, Sell or Convert your ETH to WETH

Deciding on whether to trade, sell or convert your crypto is based on your personal goals and preferences. If you are looking to take profits on WETH, a common strategy is to sell a portion of your WETH on the way up and keep a portion to hold long term to eliminate some risk. Most exchanges allow you to sell your crypto for cash or trade it for USDC, a stablecoin pegged to the U.S. dollar. If you are trying to accumulate more crypto long term, taking profits when crypto prices go up could allow you to accumulate more when prices go back down.

By following the steps above, you can convert your ETH to WETH using Uniswap. If you are looking to place an offer on OpenSea, you will need to convert your ETH to WETH. If you want to sell your WETH for cash, it's easiest to first convert it back to ETH.

Current Crypto Prices

Since reaching all-time highs in November 2021, crypto prices have dropped. In November, Bitcoin saw its all-time high of over $69,000, and Ethereum saw its all-time high of over $4,800. However, in June of this year, Bitcoin and Ethereum hit 52-week lows. Bitcoin went to $17,601.58, and Ethereum reached $883.15. Recently, both tokens have been able to rally, putting Bitcoin around $21,000 and Ethereum around $1,600.

Is WETH a Good Investment?

WETH can be a good investment if you are looking to have tradable ETH to do things like make bids on OpenSea. However, since it is pegged to the price of ETH, its price will follow suit. To read more about if ETH is a good investment please visit here.

How do I swap WETH for ETH?

The process is just as simple as swapping ETH for WETH. Simply go to an exchange like Uniswap or Metamask’s swap feature, enter in ETH and WETH, choose how much you want to swap and complete the transaction.

If you own a home and have a mortgage, home insurance is required. And even if you don’t have a mortgage, it’s a good idea. 

Homeowners insurance protects you from accidents and disasters that occur inside your home, in detached outbuildings like sheds and garages, and even on the property itself. Home insurance offers legal protection, as well.

Learn more about the best homeowners insurance providers now with Benzinga’s guide.

Best Homeowner’s Insurance:

  • Best for Ratings, Price and Comparison: Lemonade
  • Best for Homeowners in Catastrophe-Prone Areas: Kin
  • Best for Those With No Recent Claims: Allstate
  • Best for Access to Vetted Companies: Progressive
  • Best for the Diminishing Deductible Option: American Family
  • Best for People Living in Disaster-Prone Areas: Farmer’s

The Best Homeowners Insurance

There’s no shortage of available home insurance options. From the newcomers bursting onto the scene like Lemonade to the reliable players like State Farm and Allstate and the companies in-between like Progressive and Esurance, there’s an insurance option for every need and every budget. The following options are some of the best.

1. Lemonade

Lemonade provides a top-rated homeowners insurance experience that's easy and hassle free. Award-winning customer service and digital, super-fast everything from just $25 a month.

Lemonade offers home insurance for the tech-savvy consumer. Using insurtech, Lemonade provides a seamless insurance experience from quote to coverage.

Using the Lemonade app you can get insurance in 90 seconds. It takes about 3 minutes to get paid for a claim. Boasting simplicity and transparency, Lemonade takes a flat fee, pays claims quickly and donates what’s leftover to causes close to your heart. It’s like receiving and giving all in one.

Coverage includes things like theft (whether inside or outside your home), perils (fire, water damage, storm damage) and extra living expenses.  

Lemonade Home is available in the following states: Arizona, Colorado, Connecticut, District Of Columbia, Georgia, Illinois, Indiana, Iowa, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, Washington, and Wisconsin.

2. Kin (Florida Only)

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Take a serious look at Kin if you want to save money on home insurance. Kin Insurance curates data and packages policies that fit your needs exactly. The best part? You can insure your home or property in less than 15 minutes, thanks to Kin’s easy and efficient online application. Here’s why you want to take a look:

  • The more your home can withstand Florida weather, the cheaper your premium will be.
  • Customer service reps answer your questions right away.
  • Home insurance policies offer hurricane and wind protection.

Get a custom quote with Kin Insurance and see why this up-to-the-minute insurance company satisfies Florida homeowners all across the Sunshine State.

3. Allstate

Allstate provides quality coverage for your home. Local agents make sure you’re getting the right coverage for you and your home. Coverage includes things like theft, fire and smoke, windstorm or hail, falling objects and frozen plumbing.

You’ll need special policies to cover events like floods or earthquakes. Agents will help you take advantage of the company’s innovative tools and a plethora of discount opportunities. Discount opportunities include multi-policy, payment, claim-free, protect device, loyalty and early signing.

Allstate also offers many resources and learning tools to help you understand different types of insurance and how it can benefit you. 

4. Progressive

With Progressive homeowners insurance, you get a lot of standard coverage and the opportunity to add more. This insurer is not afraid to put its offerings to the test. Directly from the Progressive site, you can compare rates and coverages from multiple companies.

Insurance coverage includes damage from wind, fires, lightning and theft. Coverage also extends to injuries that happen on your property and liability claims. You can also score a lot of discounts for things like bundling homeowners with auto insurance, getting quotes 10 days prior to the beginning of your policy start date, and alarms and safety devices.  

5. American Family

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American Family understands that you don’t just live in a house, but a home. And everything that makes up that home is uniquely yours and worth protecting. American Family homeowners insurance policies are customizable so that your policy, like your home, is unique to you. Its coverage includes the usual damage from storms, fires, theft and the like. It also includes personal property, temporary living, and liability protection.

It offers many extras like equipment breakdown, sump pump and water backup, matching siding protection, and credit theft protection and monitoring. American Family is a solid choice for if you want to make your home insurance policy fit you and your stuff, rather than trying to fit into a policy.

6. Farmers

While one feature in your home may have tipped the scales toward your purchase, you still need to protect your entire home, its contents and your family. Farmers gets it. It offers 3 policy tiers: You pick the tier that fits your budget and needs best.

From there, each of the tiers is flexible so you can add or change coverage. It gives you a starting point if you need a little direction when it comes to insuring your home. Farmers also offers value-added features at each policy level. These features include declining deductibles, claims-free discount, claim forgiveness and cosmetic damage. Something not often considered is cosmetic damage. Cosmetic damage covers the cost after the functional damage is fixed.

So, if a pipe bursts inside your wall, regular protection will cover fixing the pipe. Cosmetic damage coverage will patch and paint your wall so it’s as good as new.  

How Does Home Insurance Work?

The way homeowners insurance works is quite simple: You pay insurance premiums and in return the insurance company protects your home.


Key Points

  • Home insurance covers damage and destruction to the structure or belongings, protection against theft and personal liability claims due to harm or injury to others on the property.
  • There are three basic types of coverage:
    1. Cash value
    2. Replacement of cost
    3. Extended replacement cost/value
  • Rates are determined by the insurance company’s risk. These risks can focus on the geographical area or the homeowners themselves.

What's Covered Under Homeowners Insurance

It’s important to understand your insurance coverage before you commit to a policy and before you need to use your insurance. Here’s a basic rundown of what homeowners insurance covers:


Homeowners coverage gives you protection against natural disasters like fire and rain, burglaries and even legal issues that might arise due to injuries on your property. If you’re the victim of a fire, for instance, the insurance company will pay to repair the damages — even build you a brand new home. 

Homeowners policies cover your structure for natural disasters like:

  • Fire
  • Hurricane
  • Rain
  • Hail
  • Lightning

Most policies even cover detached structures on your property, like garages and fences, tool sheds and gazebos. When purchasing homeowners insurance, be sure you have enough coverage to rebuild your home if necessary.


Homeowners insurance also covers your personal belongings, items inside the structure like:

  • Furniture
  • Clothes
  • Appliances
  • Electronics
  • Family heirlooms

Homeowners insurance does not always pay the full value for personal belongings. If you have a cash-value policy, the insurance company will usually pay around 20% for the depreciated value. If you have replacement insurance, however, you get the current market price.

Liability protection

You don’t think about liability protection until you need it. What if a guest gets injured on your property? You can be sued. Homeowners insurance protects you against such liabilities.

Let’s say for example you accidentally spill red wine on someone’s $10,000 gown while hosting a party at your house. You are going to be liable for that dress. 

If you have homeowners insurance, you’re covered. If at that same party your dog gets loose and bites someone, you’ll be liable for that as well. You could very well be on the hook for all their medical bills and legal expenses if they sue you.

What’s Not Covered Under Home Insurance

Most natural disasters are covered by homeowners insurance, unless otherwise specified. There are a few types of damage that are never covered and require separate policies.

What’s not covered? Mainly floods and earthquakes. Landslides and sinkholes, too. Hurricanes and anything pertaining to wind and rain are covered. 

Floods and earthquakes are not covered because they’re considered ground movements. Both flood and earthquake insurance can be purchased separately. Some areas require it, but not all. Flood insurance is provided by FEMA's National Flood Insurance Program. Natural events included in coverage are:

  • Floods
  • Earthquakes
  • Landslides
  • Tornadoes
  • Sinkholes

Homeowners insurance also does not cover normal wear and tear and damage the homeowner causes to the structure. Accidental disasters like fire are covered.

Is Home Insurance Required for a Mortgage?

While there is no law that requires you have home insurance, if you have a mortgage, it’s required by your mortgage company. Your lender has to protect its investment. 

Even if you don’t have a mortgage, it’s a good idea to have home insurance. Home insurance also protects you against legal issues, say if someone were to get injured in your home or on your property.

What is an Earned Premium?

An earned premium is the portion of your premium that an insurance company has collected for an expiring policy. Premiums were paid while the policy was in force, but the policy has since yet expired. 

During this period, it’s the insurance company that covers the liability. Any fees paid by the insured party subsequently are known as unearned premiums.

How Home Insurance Premiums are Determined

Ever wonder how your home insurance premiums get determined? There is a process. It depends on the insurance as much as it does the insured. 

Factors that come into play when determining home insurance premiums include:

  • Risk
  • Location
  • Value of the home
  • Replacement cost
  • Claims history
  • Credit history
  • Age of home
  • Amount of deductible

Home Insurance Premiums by State

Frequently Asked Questions

How long will it take for my homeowners insurance claim to be processed?

The time it takes for a home insurance claim to be processed depends on the company, but you can expect an initial response between 24 and 48 hours.

What does home insurance cover?

Most modern home insurance policies cover your home for nearly all risks. However, every policy has exclusions, among which you’ll find things like neglect, wear and tear, and ordinance or law. Land movement, including earthquakes, and floods are excluded as well but can be insured with a separate policy. Personal property and liability coverage is also part of most home insurance policies.

What are the most common types of home insurance claims?

Wind and hail claims top the list with nearly 40% of all home insurance claims due to these two acts of nature. Fire and lightning are the second most common, but claims due to fire tend to much bigger than claims dues to other types of risk. The possibility of a total loss is why it’s so important to insure your home for the full cost of rebuilding.

How much does home insurance typically cost?

Home insurance rates vary from person to person, home to home. Varying factors like amount of coverage, value of the home and risk all factor into the price. The average home insurance rate nationally is $1,312 per year for $250,000 in coverage. Homeowners typically spend about 1.9% of their household income on home insurance with costs on the rise by as much as 42% since 2009.

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