Good Property Insurance Companies....

  • HndsmKansan

    Posts: 16412

    Apr 09, 2012 5:06 PM GMT
    Being the analyst that I am, I'm always reviewing specifics to make sure I'm
    not overpaying for a service. Home cable/internet is ridiculous! I've since learned how to play the "promotion" game for 6 months or a year to cash in on lower costs for my services. The same can apply to bundled packages for cable/ telephone, etc.

    So I'm now into reviewing my home insurance. It is combined with my vehicles and supposidly getting a deal based on coverage on all. Homeowners policies can be tricky since an "apples to apples" comparison
    takes a little effort. I had Alstate because my Dad has had it, but they got too expensive and it was suggested by my property agent, I move to SAFECO. I did a comparison with Hartford (which is known to be a little pricey) and I'm about $12.00 per month less then they are.

    I also know some companies are notorious for being a pain in the ass when claims come in. I grew up in a household that used State Farm (since one of my Dad's fraternity brothers sold it) and they never paid off on a claim on
    our house through 2 hail storms. Dad canned em finally, substituting Allstate (which was great, they just have become a little pricey).

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    Apr 09, 2012 5:42 PM GMT
    Who knows? It's almost impossible to compare with all the "bundles" & etc. As far as I can tell, the only way to tell whether you actually have insurance, or whether it's just a scam, is to try to submit a claim.

    Anyway, my insurance is always constrained by availability, not cost. None of the "name brand" companies will insure farm land at all any more. (Making "State Farm" and "Farmers" especially ironic.) No insurer will issue workman's comp for less than 10 employees (I have to get a policy with a 1000% mark-up "minimum premium.") It took years to find someone who could even quote E&O. And I recently got a letter from Blue Cross saying that they're no longer offering my health insurance plan. "So long, and thanks for all the money."

    I'm strongly leaning toward the opinion that it's all just a scam.
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    Apr 09, 2012 6:17 PM GMT
    I have Liberty Mutual for everything.

    Not the cheapest on rates, but service is #1. Every claim I ever had was paid off quickly and professionally. On my condo, they were out the next morning and he went out in his van, printed out the damage estimate and handed me a check for $8,000. He gave me the names of two national restoration companies who will do the work for the estimate, and guarantee it for a year. I made a list of damaged goods, and they paid that too.

    And they're gay friendly.
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    Apr 09, 2012 6:30 PM GMT
    Wish I could help. I use a regional company in New England, Arbella Insurance, for home and auto. The times I've had any claims (twice for my car, once for my home), the process was quick and relatively painless, and the service is much more personal since they're a smaller company. The rates have been reasonable too.

    Are there local/regional insurance companies that are competitive in your area?
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    Apr 09, 2012 6:32 PM GMT
    good insurance company? A contradiction in terns.
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    Apr 09, 2012 7:17 PM GMT
    Check progressive... You can bundle and stuff, and depending on where you live they can be decent... I use usaa... But you have to have a military family member, so that might not work for you.
  • real_diver2

    Posts: 88

    Apr 09, 2012 10:05 PM GMT
    Liberty Mutual for Home Owners...although: over several years I had almost a 60% rate increase with no claims. I called and we "worked it out". Rates back down.
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    Apr 10, 2012 6:23 AM GMT
    Allstate has done me right for more than a decade. I'm happy to pay and move on.

    I learned that even when the other person is at fault, I still file a claim with Allstate. They make things right and then beat up the other company.

    I fear being underinsured for personal injury to someone else. That $300K accident coverage on a standard auto policy..seems to be only a portion of what it would take to support someone for the rest of their life.

    I have an umbrella policy to make sure that a tragic accident that I'm responsible for doesn't cause me to live out of a cardboard box for the rest of my career.

    Someone driving with State Farm taught my sister that certain insurance companies are just evil.