Arbella Insurance Group’s ‘Home Cyber Protection’ and ‘Home System Protection’ Insurance Now Available in Connecticut
New products offer extra protection and greater peace of mind for families and individuals
QUINCY, Mass., December 1, 2020 – The Arbella Insurance Group today announced new insurance coverage available to individuals and families in Connecticut. Home Cyber Protection and Home System Protection are protective new endorsements that can be added to homeowners, condominium and renters insurance policies. Arbella is one of the few insurance companies in Connecticut offering cyber insurance to homeowners, which also includes cyberbullying protection in its product.
Home Cyber Protection insurance coverage is designed to protect individuals and families after a cyber attack has occurred. According to Statista’s Digital Market Outlook, the number of smart homes in the United States is expected to be 76.6 million in 2025. Additionally, a recent survey by Hartford Steam Boiler showed that one-third of consumers (34 percent) said they had experienced a cyber-attack. A computer virus or other malware was the most typical damage (72 percent) and 59 percent of consumers spent more than $500 to respond.
The suite of coverage in Arbella’s Home Cyber Protection plan provides policyholders with assistance when a member of their household has been targeted by:
- Cyber Attack: Provides coverage after a cyber attack, such as removing a virus or the reprogramming of computers and tablets, Wi-Fi routers and other Internet access points
- Cyber Extortion: Professional assistance with responding to a ransomware attack and reimbursement for approved ransom payments
- Online Fraud: Provides coverage for financial losses due to identity theft, phishing schemes, illegal banking or credit card transfers and other deceptions
- Data Breach: Specialized review from a forensic IT and/or legal representatives as well as notification and recovery services when personal data and information entrusted to you is lost, stolen or published
- Cyberbullying: Provides coverage of after a cyberbullying attack, including legal expenses, temporary relocation expenses, private tutoring and mental health counseling
In addition to growing cyber security risks, homeowners often face sudden and accidental breakdowns that may not be covered by their standard homeowners policy, and the high cost of repairs and replacement becomes their responsibility. Home Systems Protection will provide coverage for repairs or replacement when home systems such as furnaces, central air conditioning or permanent emergency generators break down. This extra protection will also cover items not permanently affixed to the home such as kitchen appliances and lawn and garden equipment.
“The emergence of interconnected, smart technology and appliances in our homes has in many ways simplified and enhanced our daily lives, but it’s also made us more vulnerable than ever to cyber attacks and pricey repairs,” said Jim Hyatt, senior vice president of Personal Lines at Arbella. “There are many points of entry that cyber criminals can use to access private, personal information that may cause significant financial and emotional harm, which is why it’s so important for homeowners to be prepared and protect their families. Arbella is pleased to be one of the few companies in Connecticut to offer cyberbullying protection as part of this new coverage.”
Arbella’s Home Cyber Protection and Home System Protection coverage is available to Arbella customers in Connecticut as of December 1, 2020.
Press release does not provide a complete description of all coverages, limitations, exclusions and conditions in the policy. Policy terms may be changed from time to time. Issuance of coverage is subject to underwriting.
About the Arbella Insurance Group
Established in 1988, the Arbella Insurance Group (www.arbella.com) is an A rated company by AM Best, with more than $800 million in revenue and approximately $1.8 billion in assets. Headquartered in Quincy, Massachusetts, Arbella is a customer-focused, regional property and casualty insurance company, providing commercial insurance products in Massachusetts, Connecticut, Rhode Island and New Hampshire, and personal insurance products in Massachusetts and Connecticut. Recognized as one of the Boston Business Journal’s “Best Places to Work” for 12 consecutive years, Arbella is deeply committed to maintaining high levels of employee satisfaction and supporting a positive and inclusive workplace culture. Arbella attributes its success to their dedicated employees, strong agent partnerships and community focus.
# # #
For more information: