hazard insurance/home owners insurance - which company? (financial, Cary, complaints)

[darkblue]

I need to buy insurance for my home I am going to buy.Do you have any preference regarding the company? Which company is better? What are the things I need to consider?I live in Virginia BEach,Virginia.

Thanks in advance

[LaceyEx]

If you have AAA for your car I would definitely check there. We did last year and saved big $$$.

[sierraAZ]

Originally Posted by darkblue

I need to buy insurance for my home I am going to buy.Do you have any preference regarding the company? Which company is better? What are the things I need to consider?I live in Virginia BEach,Virginia.

Thanks in advance

See my last post here:

http://www.city-data.com/forum/house...placement.html

When I say the 2nd runner-up, I mean on the list of good-faith insurance companies I posted earlier on that thread - FBIC Ranks Insurers Payment And Non-Payment Of Claims Records And Bad Faith Practices

[renriq02]

Eerie is the best for insurance....not many ppl qualify.

Try with your car insurance company first....they may give you multiple discounts

[sierraAZ]

Originally Posted by banker0679

Eerie is the best for insurance....not many ppl qualify.

I wouldn't argue if you'd said Erie is ONE of the best (which it is), but it's not THE best. It only closely follows Amica. Also, it sells insurance in only 12 states. I'm not saying it's a bad thing... it's just not available everywhere.

Homeowners Insurance Company Ratings | J.D. Power (8 years in a row)

Amica Insurance Review and Ratings

Company Rating:
Best Insurance Reports: A++
Url of page rating was collected: Amica Insurance - About Amica
Best Rating: A.M. Best has consistently given Amica Mutual Insurance Company it's highest ratings. This rating is assigned to companies which have on balance superior financial strength, operating performance, and market profile when compared to A.M. Best's established standards.

Erie Insurance Review and Ratings

Company Rating:
Best Insurance Reports: A+
Url of page rating was collected: RedirectorPage
Best Rating: A.M. Best rating: A+ (superior)

Believe me I've spent a lot of time on this research! I was actually surprised that Chubb has quite a few more unhappy customers, even though they cater only to 500K+ homes.

Chubb Insurance Review and Ratings

[renriq02]

didnt know that.....didnt even know Amica was at the top.

good post

[sierraAZ]

Originally Posted by banker0679

didnt know that.....didnt even know Amica was at the top.

good post

This research cost me quite a bit of headache and I wanna make sure at least it benefits other people as well. I haven't posted everything, but there are consistent good reviews on Amica on many sites. Erie is also a very decent company. If one lives in the serviced states, it's a good choice. Of course, there are complaints even about companies like these... I just hope to be one of the fortunate customers.

Last time I researched the topic I was less paranoid , I guess, and went with Nationwide (still lesser of the evils, but hardly ideal). What surprised me the most is that I hadn't heard about most of the best insurance companies. The claim handling of the "household names" is scary to look at!

[recuerdeme]

Best thing is to go with big names.
Which ever gives you the better quote of course.

[Karla with a K]

darkblue
If you are military check on USAA

[sierraAZ]

Originally Posted by recuerdeme

Best thing is to go with big names.
Which ever gives you the better quote of course.

Good luck with that! Hope nothing bad happens to your house!