Home insurance is a fixed cost and better property management always looks to lower your bills. Here's how you can judge a good company and compare prices and find a good agent to represent you. All the while saving money!
Your Property Path has done some research into how to choose a good insurance company and a good agent.
How to Find a Good Agent
Be sure you have choices There are two kinds of agents. A captive agent will only represent one company. All his solutions to your problem will be solved by recommendations from his company. Since No company has a product line that is the best in every area you use an agent or agency that can represent a variety of companies. You are likely to find better price and product with more choice
. Your Property Path has developed a simple procedure that will help you find the best product mix at a good price.
Interview a few agents and ask some basic questions.
1. How long have you been in this business
2. Can you represent many companies
3. How do you get paid
4. Has your license ever been suspended
The Your Property Path Procedure
1. Insurance premiums can vary greatly. Use the Shop Rates quote button on quote page to get Insurance Agents to compete for your business. When agents compete for your business you win! Then follow this process to assure you are getting a good price with a strong home insurance company that you can trust.
2. Use the response list of insurance company's from your competitive quotes at to begin to find your best price and strongest company available.
3. Verify agent or Brokers license. The License Registry is an affiliate of the National Association of Insurance Commissioners (NAIC). All complaints, suspensions arbitrations and other issues are here. Be sure to get your agents Insurance license number, it is often on business cards or letterhead
4. Check for Consumer Complaints. Your Insurance Company is as good as its ability and its willingness to pay. Don't find out about how your Insurance Company does business after you need it to perform. Check for Insurance Company Complaints
b. Check your local Better Business Bureau
They have an area where you can check out an organization. Too many complaints and you should go elsewhere, even if you like the agent.
6. Check the Company's Financial Ratings. Your Insurance Companies ability to pay is everything. Shop wisely and you will be better protected if disaster strikes.
When you use the comparison shopping tool at www.yourpropertypath.com. You can get four to six competitive bids from agents working for different companies in a matter of minutes at no cost to you. Comparison shop the offers and let agents really compete for your business. Shop for good rates and strong financial s and then check the company's business practices.
How to Find a Good Insurance Company
The financial score. All insurance policy's are a promise to pay based on the assets of the insurance company. Thats why a good financial rating is so important.
AAA: This is the highest rating given and the company's ability to pay is very strong.
AA: Standard and Poors tells us the difference between AAA and AA is slight
A: The company is subject to economic swings, perhaps it carries high debt or has made some riskier insurance bets. The company ability to meet obligations is still strong
BBB: This rating is reserved for "adequate". The company is more likely to run into difficulty during hard times.
Its easy to see that the financial ratings of a companies ability to pay under some circumstances could translate into a longer time before you see a check or really narrow definitions applied to problems you have. Stay with the higher ratings. Compare similar coverage using a AAA company (likely the most expensive) against AA and single A company.
