Consumers have a new option as millions of packages are swiped from porches each year

Quick Summary:

PorchPals is an insurance product that could shake up coverage for a problem that has only escalated with the growth of e-commerce.

More than 30% of those surveyed this year by Insurancequotes.com say a package was taken from their porch, doorstep or building lobby, up from 24% in 2023 and 26% in 2022.

Some rental or homeowners policies cover these thefts, but deductibles are often larger than what a package is worth.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: Stolen Year Coverage Porchpals According Company Packages Cover Package Insurance Product

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 12:50:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 616 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 24098397

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About Retail Dive

Main Topics: EconomyBusiness

Official Website: retaildive.com

Update Frequency: 7 posts per day

Year Established: 2012

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #56

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