They will be honest in honoring the policy to pay out what you are entitled to and won’t make you have to get a lawyer.
They are large enough, diverse enough, and financially secure enough that even if there were a major region-wide disaster, they would not be bankrupt.
I think of how sometimes smaller, more local insurance companies can be put out of business by a large-scale disaster that requires them to pay out more than they have available.
Chubb, but people don’t want to pay Chubb prices. The claims handling and payout, though, is second to none.
Riley said:
Chubb, but people don’t want to pay Chubb prices. The claims handling and payout, though, is second to none.
Do they still have a “war clause”?
Amica often comes out on top in customer satisfaction reviews, and they offer an optional HO5 policy which covers your personal property on an open perils basis versus most insurers offering an HO3 policy that only covers the personal property against named perils. I don’t work for Amica, though; I’m with a competitor, and rates are much lower than Amica. Each person has to find the right balance of service, coverage, and rate.
@Dakota
Open perils sounds like the best coverage to go for.
But are they large enough of a company, and diverse enough, to honor coverage in the event of a major regional or nationwide issue?
Reign said:
@Dakota
Open perils sounds like the best coverage to go for.
But are they large enough of a company, and diverse enough, to honor coverage in the event of a major regional or nationwide issue?
They have an A+ financial strength rating from AMBest, which is how you determine things like that.
Reign said:
@Dakota
Open perils sounds like the best coverage to go for.
But are they large enough of a company, and diverse enough, to honor coverage in the event of a major regional or nationwide issue?
I work for a competitor, but I had Amica on my first house. Service was amazing. Sometimes it only took two rings to get a real person, not an automated line. I only had one claim, but it was super smooth. That said, you do pay a lot; I switched carriers later and saved about 40% with the same coverage.
@Vale
Yeah, who did you switch to? Average guy here, and I’d love to know!
Sam said:
@Vale
Yeah, who did you switch to? Average guy here, and I’d love to know!
I’m an agent in PA. Over here, there are tons of small mutual insurance companies that beat big national companies on price. Look into coverage from one of them.
@Kyle
Can you name some, please?
@Kyle
Do you know any good insurance companies for Philly?
Fife said:
@Kyle
Do you know any good insurance companies for Philly?
Nationwide is the best I know, but they’re picky. If you have good credit, Travelers is decent too; if not, try the Philadelphia Contributionship.
@Vale
Who did you switch to? I’m all about saving money and good coverage, even if I have to pay an attorney for bad service.
Ellery said:
@Vale
Who did you switch to? I’m all about saving money and good coverage, even if I have to pay an attorney for bad service.
Yeah, who’d you switch to?
Reign said:
@Dakota
Open perils sounds like the best coverage to go for.
But are they large enough of a company, and diverse enough, to honor coverage in the event of a major regional or nationwide issue?
They’ve been around for over 100 years, so yes, they’re solid. Based in the Northeast and have handled a lot of big losses in areas with a high policyholder count.
@Bela
Do they have a war clause?
Do they still deny coverage if they consider damage to be from war or “government action”?
Erie and USAA have been top in customer satisfaction surveys for years, though Erie is only regional.
Some might disagree, but I’d put Farmers up there for claims service. Premiums, on the other hand, are higher than a giraffe’s neck right now.
I’m glad someone asked about claims service instead of just price. That should always be top of the list.
Auto Owners
Reed said:
Auto Owners
I’ve heard that too. Wish they were in Oklahoma, but I don’t think they’re here yet.