Homeowner’s insurance in the state of Florida is uniquely different from most other states. Luckily, we can help! We have a high risk for catastrophic loss every year, mainly due to hurricanes. Because of this, the Florida homeowner’s market is now driven by many independent companies. Most of the larger name brand companies have left the Florida market all together. Our office works with 12 financially sound carriers to find you the best price and product combination. For many people, their home is their most valuable asset, and should be protected accordingly. One important thing to keep in mind when shopping homeowner’s insurance, the lowest price isn’t always the best choice. Our agency represents several preferred homeowner’s insurance carriers in the state of Florida. Having said that, we only represent those companies with at least an ‘A’ Exceptional Financial Stability Rating or better through Demotech, Inc and/or AM Best. Below is some information to help you learn more...
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Virginia Insurers ‘Actively Preparing’ for Florence; State’s Top 10 Home Insurers The Virginia Bureau of Insurance says it is “confident that insurers are actively preparing for this storm” as the potential impact of Hurricane Florence is anticipated in the state. “The Bureau’s focus is first – to encourage everyone to prepare – and second – to deal with matters regarding damage after the storm,” a Virginia Bureau of Insurance spokesperson told Insurance Journal. Indeed, as the top carrier of homeowners insurance in Virginia, a State Farm spokesperson told Insurance Journal its focus is the same. Its claims operation has been trained to handle catastrophe claims and is prepared to go anywhere in the country within hours of being notified, the spokesperson said. “Catastrophes routinely cause heavy damage to a community’s infrastructure and often leave the area without power, phone service and navigational landmarks such as street signs,” the spokesperson...
RiverSource Life Insurance Company Review Share Pin Email ••• No one likes to think about a time when they will not be around for their family's future.Purchasing life insurance can give you the peace of mind in knowing that your family's future is financially secure. For a decision as important as your family's future, you want a company that is financially stable and offers a life insurance product you can trust. RiverSource Life Insurance is one such company. It is the 18th largest life insurance company in the nation. RiverSource Life Insurance has been in business for more than 100 years and is a fully owned subsidiary of Ameriprise Financial Inc. Ameriprise Financial was founded in 1894 by John Tappan and is headquartered in Minneapolis, Minnesota. Earlier names for the company include Investors Syndicate Life Insurance and Annuity Company and IDS Life Insurance Company. American Express Co. purchased IDS in 1984. The comp...
In insurance , the insurance policy is a contract (generally a standard form contract ) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language. Insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Since insurance policies are standard forms, they feature boilerplate language which is similar across a wide variety of different types of insurance policies. The insurance policy is generally an integrated contract, meaning that it includes all forms associated with the agreement between the insured and insurer. In some cases, however, supplementary writings such as letters sent after the final agreement can mak...
Homeowner and Renters Insurance How Does a Homeowners Insurance Policy Work and What's Covered? Share Pin Email Homeowners insurance is a contract designed to protect you as a homeowner against sudden and accidental losses. The home insurance policy is a contract between the homeowner, also known as the insured, and the insurance company. The contract creates an agreement that, in exchange for the premium paid by the home owner, the insurance company will compensate the homeowner for unexpected, sudden, and/or accidental damage or disasters that occur to the home, and/or the contents of the home, as agreed upon in the policy wording. Homeowners insurance protects a homeowner's assets and ensures that a covered loss, risk or disaster will not leave them in financial distress. Whether you are looking to buy insurance as a first time homeowner, referencing information to make sure you are getting the best value for your money, or looking for help t...