Almost 70% of households in the United States own their own home, and yet almost no household is insured against a fall in housing values. Is there a market for an insurance product, home equity protection that would provide this protection? Focuses on the process of providing financial innovation in the not-for-profit sector through the experience of NeighborWorks America and its pilot program for home equity insurance for the citizens of Syracuse, New York. How should the product be designed? … Read more »

Almost 70% of households in the United States own their own home, and yet almost no household is insured against a fall in housing values. Is there a market for an insurance product, home equity protection that would provide this protection? Focuses on the process of providing financial innovation in the not-for-profit sector through the experience of NeighborWorks America and its pilot program for home equity insurance for the citizens of Syracuse, New York. How should the product be designed? Can the pilot program at the national level be strengthened? Are the non-profit and public sector the right institutional framework to offer this product? How should it priced, and what financial resources are necessary for the product?
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from
Laura Winig,
William Goetzmann
Source: Harvard Business School
17 pages.
Publication Date: Jun 23,, 2006. Prod #: 206110-PDF-ENG
Home Equity Protection HBR case solution

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