Insurance woes..... any GOOD company out there?

thefed · 08-07-2006, 02:59 PM

I had AmFam...I dropped them for nationwide (700 discount yearly!!).

Now Im having problem after problem with them (rate hikes after 1 month,forgot to file my sr-22 with the state and my license was suspended,dropped my auto-home discount and cant explain why). SO, the search continues...

I have 3 homes, one of which I live in. the other two are policies for rentals. I have three cars as well.

who would be a company to talk to about insuring all 6 pieces of property?

brewer12345 · 08-07-2006, 03:04 PM

I would go talk to a good independent agent in your area for starters.

If you or your family have a military background, it is hard to beat USAA.

I've had good experiences with Liberty Mutual and GEICO, but I don't know whether they are in Ohio. Insurance markets are by state, not federal, so an insurer operating in one state might not be in another.

Maybe travellers? They do a LOT of homeowners plus they also do a lot of commerical business, so maybe they would not be spooked by your personal/business mixture.

Other than that, shop around. You have 6 pieces of property to cover, which means a fair amount of $$$. So long as you are not regarded as a high risk insured, tehre should be companies eager to have you.

JPatrick · 08-07-2006, 03:18 PM

I know several people who use Amica and are very happy with them.*
http://www.amica.com/
Aside from USAA, that's the only company I can say that about.

riskadverse · 08-07-2006, 03:54 PM

Nationwide has been getting some really bad press after their servicing Katrina claims. You might well be rid of them.

brewer12345 · 08-07-2006, 04:23 PM

Quote:

Originally Posted by JPatrick

I know several people who use Amica and are very happy with them.*
http://www.amica.com/

Amica is a top shelf insurer, but their prices are top shelf too. If money is no object, Amica would be my choice.

thefed · 08-09-2006, 09:59 AM

well....amica hasnt responded to my inquiries

I did get ahold of an independent agen, and he's trying to pair me up with Westfield. Anyone know about them? Their headquarters, which is lterally a small town around here, is not to far away.

The hang up right now seems to be the rentals. They want to insure a 50k home for 120k due to replacement costs. I explained i only need 50-60k coverage, but they wont go lower than 100k

he's goign to dig deeper

brewer12345 · 08-09-2006, 10:09 AM

I don't see any financials on their website, but they have an "A" rating from AM Best, which is good enough.

I wouldn't fight them on how much they want to insure the rentals for. Heck, If they really think the houses are worth that much, get out that can of gasloine and a match...

Marshac · 08-09-2006, 10:23 AM

Quote:

Originally Posted by brewer12345

Amica is a top shelf insurer, but their prices are top shelf too.* If money is no object, Amica would be my choice.

No kidding, their prices are crazy.

Amica Auto Quote for
BOB DOLE
12-month premium
$922.00

I pay about $650/year right now with Pemco

Donzo · 08-09-2006, 10:27 AM

I have had good service from Statefarm. *I have my autos/motorcycle/home/umbrella with them. *I had a investment home burn down - they started cutting checks right away and did not change my rates. *They are reasonable/competetive in price and my sons soccer coach is my agent - small community. *I am sure you can find insurance cheaper but when you need them to step up.....

astromeria · 08-09-2006, 11:50 AM

Amica gives you some money back every year--IIRC they call it a dividend. We typically get 20% of our premium back so it isn't as expensive as it seems, but still more than most. They provided better earthquake coverage than my friends got from other co's in the Bay Area (a lower deductible before the coverage kicked in)--I suppose Amica had less exposure in CA than other major co's. We're grandfathered in here in SC--they haven't offered homeowner policies here for a few years, not along the coast anyway. To lower our premiums, we increased our deductible when I retired. We may do that again when DH retires: it's generally easier to lower your expenses than to increase your income

MJ · 08-09-2006, 05:02 PM

Quote:

Originally Posted by thefed

They want to insure a 50k home for 120k

D-mn, $120k premium is a bit steep for a $50k house. You should be paying a heck of a lot less.

Sorry couldn't resist.

Texas Proud · 08-10-2006, 12:17 AM

Quote:

Originally Posted by JPatrick

I know several people who use Amica and are very happy with them.
http://www.amica.com/
Aside from USAA, that's the only company I can say that about.

One... amica is hard to get into... I think you are supposed to get someone to recommend you (at least that is what they told me)...

But, it was EXPENSIVE... probably 30% to 50% higher than others quotes I got.. not worth the extra money for me..

brewer12345 · 08-10-2006, 06:47 AM

Quote:

Originally Posted by Texas Proud

One... amica is hard to get into...* I think you are supposed to get someone to recommend you (at least that is what they told me)...

But, it was EXPENSIVE... probably 30% to 50% higher than others quotes I got..* not worth the extra money for me..

Like I said, top shelf company with prices to match. I cannot imagine that they would be worth it for auto insurance, but perhaps for homeowners wher any problem you file a claim for is likely to be more expensive and complicated. If my current homeowners insurer (Liberty Mutual) flakes out or raises prices too much I would at least price an Amica policy, although I suspect I would be horrified at the price.

08-07-2006, 02:59 PM	#1
thefed Thinks s/he gets paid by the post Join Date: Oct 2005 Posts: 1,473	Insurance woes..... any GOOD company out there? I had AmFam...I dropped them for nationwide (700 discount yearly!!). Now Im having problem after problem with them (rate hikes after 1 month,forgot to file my sr-22 with the state and my license was suspended,dropped my auto-home discount and cant explain why). SO, the search continues... I have 3 homes, one of which I live in. the other two are policies for rentals. I have three cars as well. who would be a company to talk to about insuring all 6 pieces of property?

08-07-2006, 03:04 PM	#2
brewer12345 Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2003 Posts: 9,365	Re: Insurance woes..... any GOOD company out there? I would go talk to a good independent agent in your area for starters. If you or your family have a military background, it is hard to beat USAA. I've had good experiences with Liberty Mutual and GEICO, but I don't know whether they are in Ohio. Insurance markets are by state, not federal, so an insurer operating in one state might not be in another. Maybe travellers? They do a LOT of homeowners plus they also do a lot of commerical business, so maybe they would not be spooked by your personal/business mixture. Other than that, shop around. You have 6 pieces of property to cover, which means a fair amount of $$$. So long as you are not regarded as a high risk insured, tehre should be companies eager to have you. __________________ “When you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid

08-07-2006, 03:18 PM	#3
JPatrick Thinks s/he gets paid by the post Join Date: Jun 2005 Posts: 1,515	Re: Insurance woes..... any GOOD company out there? I know several people who use Amica and are very happy with them.* http://www.amica.com/ Aside from USAA, that's the only company I can say that about. __________________ If you do what you've already done, you'll get what you've already got- - - -<

08-07-2006, 03:54 PM	#4
riskadverse Full time employment: Posting here. Join Date: Oct 2002 Posts: 671	Re: Insurance woes..... any GOOD company out there? Nationwide has been getting some really bad press after their servicing Katrina claims. You might well be rid of them. __________________ Random Reinforcement is Highly Addictive.

08-09-2006, 09:59 AM	#6
thefed Thinks s/he gets paid by the post Join Date: Oct 2005 Posts: 1,473	Re: Insurance woes..... any GOOD company out there? well....amica hasnt responded to my inquiries I did get ahold of an independent agen, and he's trying to pair me up with Westfield. Anyone know about them? Their headquarters, which is lterally a small town around here, is not to far away. The hang up right now seems to be the rentals. They want to insure a 50k home for 120k due to replacement costs. I explained i only need 50-60k coverage, but they wont go lower than 100k he's goign to dig deeper

08-09-2006, 10:09 AM	#7
brewer12345 Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2003 Posts: 9,365	Re: Insurance woes..... any GOOD company out there? I don't see any financials on their website, but they have an "A" rating from AM Best, which is good enough. I wouldn't fight them on how much they want to insure the rentals for. Heck, If they really think the houses are worth that much, get out that can of gasloine and a match... __________________ “When you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid

08-09-2006, 10:27 AM	#9
Donzo Full time employment: Posting here. Join Date: Apr 2006 Posts: 531	Re: Insurance woes..... any GOOD company out there? I have had good service from Statefarm. I have my autos/motorcycle/home/umbrella with them. I had a investment home burn down - they started cutting checks right away and did not change my rates. They are reasonable/competetive in price and my sons soccer coach is my agent - small community. I am sure you can find insurance cheaper but when you need them to step up..... __________________ Freed at 49. You only live once - live it

08-09-2006, 11:50 AM	#10
astromeria Moderator Emeritus Join Date: Aug 2005 Posts: 1,375	Re: Insurance woes..... any GOOD company out there? Amica gives you some money back every year--IIRC they call it a dividend. We typically get 20% of our premium back so it isn't as expensive as it seems, but still more than most. They provided better earthquake coverage than my friends got from other co's in the Bay Area (a lower deductible before the coverage kicked in)--I suppose Amica had less exposure in CA than other major co's. We're grandfathered in here in SC--they haven't offered homeowner policies here for a few years, not along the coast anyway. To lower our premiums, we increased our deductible when I retired. We may do that again when DH retires: it's generally easier to lower your expenses than to increase your income __________________ You can't always get what you want, but if you try sometimes, you might find you get what you need.

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