HomeInsurance.com Acquires HomeownersInsurance.com for $570k

Nov 30, 2010, 09:18 ET from HomeInsurance.com

WILMINGTON, N.C., Nov. 30, 2010 /PRNewswire/ -- In their latest high-profile acquisition, HomeInsurance.com has purchased the domain name HomeownersInsurance.com for a reported $570,000 in an all-cash deal. As America's number one online home insurance shopping agency, executives at HomeInsurance.com project this purchase will grow their online home insurance shopping visitors to 100,000 consumers each month.

"We currently reach approximately 50,000 home insurance shoppers monthly," said Carlos Lagomarsino, CEO of HomeInsurance.com. "With this recent purchase our new long term development goal is to double the depth of our reach into the online insurance marketplace."

The acquisition of HomeownersInsurance.com has further solidified their dominance in the online home insurance industry. By topping organic search rankings; providing online rates and industry statistics; and offering the highest level of customer service available- they offer the full turnkey solution for online consumers.

"HomeownersInsurance.com is our most recent step towards owning the top home insurance properties out there", said Lagomarsino. "In addition to the two top home insurance domains in the industry, we have also attained almost all of the state-specific home insurance websites such as CaliforniaHomeInsurance.com and NewYorkHomeInsurance.com."

The HomeInsurance.com website serves as the online face of the company. However, Lagomarsino and the leadership team at HomeInsurance.com have grown their sales force to include over 100 licensed agents in their Wilmington N.C. based call center. Agents are able to offer comparative rates and comprehensive coverage for top-rated providers including Travelers, Safeco (A Liberty Mutual Company), The Hartford, Progressive and Foremost.

"As we focus our efforts on this new website we look forward to offering even more exceptional service to homeowners across the nation," said Lagomarsino.

HomeInsurance.com has been in business since 1992 and is rated A+ by the Better Business Bureau. HomeInsurance.com is headquartered  in Wilmington, N.C. For more information visit http://homeinsurance.com/.

SOURCE HomeInsurance.com