How Should I Select the Insurance Company to Buy Home Insurance?
While price comparison is normal, you should remember that low price alone does not guarantee the best value.
You really want a company that will deliver on their commitment when you have a disaster.
Insurance is regulated by the state governments.
Insurance companies that sell homeowners are required to have a license that has been granted by the Department of Insurance of your state.
In order to be licensed, an insurer must demonstrate that it meets the state's minimum financial requirements to pay claims now and in the future.
Due to recent turmoil in the financial services industry, you will be prudent to learn as much as you can about the financial strength of the selected insurer.
Here are a few: A.
M.
Best Company (908) 439-2200 Duff & Phelps, LLC (212) 450-2800 Fitch Ratings (212) 908-0500 Moody's Investors Services, Inc.
(212) 553-1658 Standard & Poor's (877) 299-2569 Weiss Research Inc.
(800) 289-9222 Obviously you want to talk to your neighbors, relatives, and friends for recommendations regarding their insurance provider's service and price.
You can check http://www.
badfaithinsurance.
org to get a better understanding of the insurance company practices.
This site lists the best and worst insurance companies based on their service records.
There are other sites where people complain about the problems they have with insurance.
One such site is ripoffreports.
com.
You can also visit your state insurance commissioner's web site to see the complaints they received on the insurance company.
Dept of insurance normally categorizes the complaints by the type of insurance and the type of complaint.
For additional help please visit http://www.
reclaimsinc.
com
You really want a company that will deliver on their commitment when you have a disaster.
Insurance is regulated by the state governments.
Insurance companies that sell homeowners are required to have a license that has been granted by the Department of Insurance of your state.
In order to be licensed, an insurer must demonstrate that it meets the state's minimum financial requirements to pay claims now and in the future.
Due to recent turmoil in the financial services industry, you will be prudent to learn as much as you can about the financial strength of the selected insurer.
Here are a few: A.
M.
Best Company (908) 439-2200 Duff & Phelps, LLC (212) 450-2800 Fitch Ratings (212) 908-0500 Moody's Investors Services, Inc.
(212) 553-1658 Standard & Poor's (877) 299-2569 Weiss Research Inc.
(800) 289-9222 Obviously you want to talk to your neighbors, relatives, and friends for recommendations regarding their insurance provider's service and price.
You can check http://www.
badfaithinsurance.
org to get a better understanding of the insurance company practices.
This site lists the best and worst insurance companies based on their service records.
There are other sites where people complain about the problems they have with insurance.
One such site is ripoffreports.
com.
You can also visit your state insurance commissioner's web site to see the complaints they received on the insurance company.
Dept of insurance normally categorizes the complaints by the type of insurance and the type of complaint.
For additional help please visit http://www.
reclaimsinc.
com