Finding The Best Property Casulty Insurance Company

When looking for a property casualty insurance company for yourself or a business, you need to follow the same basic steps outlined below.

Check the Ratings - All insurance companies are rated. Standard & Poor’s and A.M. Best are two of the major rating agencies. As an example, only companies rated “A” or better by A.M. Best can be termed “good” or “excellent.”
Licensed in Your State? - Every state in the United States has a department of insurance or an agency that regulates financial services companies based there. Check to make sure any company that interests you is licensed to do business in your state.
Check the Complaint History - The state department of insurance also maintains a database of complaints against insurance companies and agents. You can see what others have said about a company you are considering and what action, if any, the state took.
Are they Competitive? - Insurance is among the most competitive industries vying for your business. With the increasing online presence of companies, you can more easily compare premium costs now. Be certain when comparing costs that you are comparing similar coverages.
Your Agent Also Sells - When you have found a well-rated, competitive company with a reputation you approve, it is best to talk to an agent. The agent should be able to explain the often-complex terms of coverage and your responsibilities. Remember, however, the agent is also a salesperson and will be vitally interested in getting your business.
Check Hours of Operation - Before making a decision to purchase an insurance policy, make sure you know when and how your company will respond to claims. If an accident occurs at odd hours, you want to be certain you have the help you need.