Who Is A Good Homeowners Insurance Company?

  1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    A "good" homeowners insurance company is one who has it's financial house in order and knows how to handle claims in an efficient and compassionate manner.  Naturally, you should rely on your Insurance Professional with whom you should discuss your options, but you can check a company's financial ratings very easily by looking up the company.  Most company websites will publish their ratings from A.M.Best, Moody's etc which will give you a good idea as to their financial strength.  Consumer Reports and others also publish company ratings each year which also reflect the financials but includes customer relations and servicing.
    Answered on May 23, 2014
    flag this answer
  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    A company is only as good as its ability to stand by its promises.  Fortunately state insurance commissioners work hard to make sure that the companies admitted to doing business in their state can fulfill their promises.  You are relatively secure buying a homeowner’s policy from any licensed agent representing an insurance company that is admitted to your state.
    Answered on August 7, 2014
    flag this answer
  3. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! There are several really good companies out there that might qualify as "best" for you. My definition of best is lowest price for the highest, most comprehensive coverage with the lowest deductible and the best customer service and claims history. The financial stability and reputation of the company and its agents counts in a big way also. Go online, and check your State's Department of Insurance records and see if the BBB has any complaints on file for the companies that you consider. Find a good independent agent to help you compare coverage and costs. Do your homework, you are about to enter into a long term relationship with your insurer, you want to be sure you're compatible! Thanks for asking!
    Answered on August 8, 2014
    flag this answer
  4. 1844 POINTS
    David W. Clausen
    Chief Executive Officer, Coastal Homeowners Insurance Solutions, Rocky Point, NY 11778
    A good insurance company is one that pays claims quickly & efficiently. I'd recommend checking the AMbest rating of the insurance company as well as BBB for any complaints. You should also check with your local independent insurance agent to see how their experience is with that particular company.
    Answered on November 30, 2015
    flag this answer
    5. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>