What policy to buy?

Most of you already have an insurance policy and pretty happy with your current agent or insurance company~~at least until you have a claim.

That’s when the insurance company really shines, or really stinks! 

The mendacious claims process!  Who do you call? What do you do?  How long does it take?

WHY ME!!! 

I actually heard of an insurance company whose claims adjuster came out, assessed the damage and wrote a check. Now THAT was amazing!  

That is not your everyday insurance company.  

When you are shopping the best thing to do is to check into how many insurance department complaints it has had.  Check into what others are saying about claims service and make sure you find out if it has enough money set aside to pay the claims. This would be their surplus.

Let’s talk about Surplus for a second; The definition of surplus=assets that outweigh liabilities.  This does not mean its “extra” money sitting around. You might ask if this should be returned to you.  If it is more than a certain amount of “surplus”, they elect to give it back to you in “dividends”.  That doesn’t always happen because insurance companies do not want to give that up. They know that when it comes to claims service, THIS IS WHAT DEFINES THEM. And it they can’t pay their claims, they are no good.

Most insurance companies provide the same policy and coverage. It is better for them to be easy and go along with what everyone else does.  Some have a different coverage here or there, for example, diminishing deductibles, coverage for your pet if  he’s in the car & dies from an accident, overseas rental car coverage or mechanics coverage for newer cars.  You just have to decide then and there if that is something that is beneficial to you.

I would suggest you go with the service you will be provided, because after all, we don’t need our insurance company until we have a claim. 

Let me know your thoughts or ideas!  Post comments!