 I have a standard Homeowners Insurance on my house. My crystal bowl was broken when in use. Am I cover? |
Does a standard homeowners policy in the U.S. only cover loss suffered from perils only?
Additional Details
Wow, a lot of great answers! Well, from the majority of it it would appear ... |
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 Life insurance questions? |
| I was signed up for a life insurance policy with my previous job, but I no longer work there. My husband has no life insurance at all. We just had a baby, and I'm really wanting to get life ... |
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 Whole Life Insurance? |
| I am from overseas and as i was growing up my parents signed me up for an insurance where 10 or 20 years later we had the option of getting the money. Is there a such insurance in the United States. I... |
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 What Life Insurance Company will let you buy a policy for your parents and pay for it yourself? |
| What company will just require a paper filled out by the parent giving the child permission to get life insurance?... |
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 How can i get a copy of someone else's life insurance policy if they are not deceased? |
| i am trying to avoid taking my ex to court to have him produce a copy of his court ordered life insurance policy. is there a way to obtain a copy of the policy if I know the agency name?... |
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 House Insurance -- Big problem - need advice!? |
| My wife and I own a house and are trying to obtain a new Homeowners insurance policy. You see, we've lived here for 2 yrs and were robbed 2x in the first 13 months...We since installed a GOOD ... |
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 Health insurance for poor people in the USA? |
| Is there any health insurance available for people who cannot afford to spend at least $300/month?... |
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| If I include my daughter on my auto insurance if she getst into an accident with her car ? |
| If I include my daughter on my auto insurance if she getst into an accident with her car and the car is included on my policy too, would my insurance price go up for me or only for her car?... |
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| What do I do if I dont have health insurance but I really need to go to the dr.? |
| I have applied for assistance and was denied because my boyfriend makes too much money but we can't afford $900 a mo. for insurance because of a pre-existing condition. I have had problems with ... |
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 Can my parents take me off their health insurance? |
| I am 19 years old and am a college student. My dad has Aetna (health insurance) through his work at ConocoPhillips and due to a recent ridiculous argument, they are threatening to take me off their ... |
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 Cheaper Car Insurance For Teenage Drivers? |
Can you help. I priced car insurance for my 16 year old son, and my premium will almost triple.
I know all of you will post that he should just get a job, and that is fine, but I want him ... |
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 Will insurance cover claim if car was stolen and keys were hidden in car...full coverage insurance.? |
Additional Details
I have full coverage insurance. I've heard people say no it won't pay, but it's just something they assume....no one I've talked to who say no, AC... |
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 What are the possible ways of saving money? |
| I am working in Genpact and I am earning a salary less than 10,000. I can save 2000 per month. Can you pls suggest me the best possible and profitable ways of saving my money. Are insurance policies ... |
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STEPHEN J | How do you analyze an insurance company? |
Additional Details
The question relates to determining the financial strength of a company and where to get information. I like the suggestions re www.finysis.net and A.M. Best. The first looks good since it allows me to do my own analysis of an insurer.
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Peter J
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www.finysis.net provides excellent e-books and Excel-based software in this respect, which is really competitively-priced and of professional quality in my opinion.
A.M. Best provides some good ratings material, but it can be expensive and is specifically designed for business use. |
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Silke
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By whether they pay up or not when you have a claim. |
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datsleather
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start with word of mouth ask around everyone you know they go to the one of your choice and ask how long it takes them to file a claim? |
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kja63
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Analyze them for what?
Addition: Thank you for the extra information. Yes, you can use A.M. Best or Standard & Poors to evaluate an insurance company's financial strength. You will also want to investigate their claims paying procedures. |
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silent&alone
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good company background.. financially stable |
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fozz
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its pretty easy when your dads an underwriter |
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emma
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By its past performance.Its reserves with the Government.Total number of cases done in a particular period.Total number of claims paid.Who are its fund managers in case of ULIP(unit linked plans)etc. |
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chugalugs
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Figure out what you actually want in terms of insurance, what type of cover, what type of service, etc. and then ask questions and confirm the important answers by reading policy documents, etc. |
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ANDREW L
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Get the e-books and Excel-based software at www.finysis.net. The ratings agencies' analysis costs too much. Finysis.net's products, which are inexpensive, teach you how to analyze insurers yourself, and their software is excellent in producing relevant ratios, models and projections. The ratings agencies are selective in those insurers covered by their analysis, but if you have the knowledge and tools which Finysis.net provides, you can analyze ANY insurer well. |
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welcome news
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A good (but not always accurate guide) is to use AM Best or Standard & Poor (but remember that until a few weeks before the crash they were both giving Independent solid ratings).
I would look at how much cover they have i.e. assets/ claims and loss ratios i.e. how much do they pay out per money taken.
Then you have to look at the overall shareholders funds (assets Vs Liabilities) and also what they specialise in - for instance property insurance is much more steady than liability insurance.
Some factors you won't find easy to discover i.e. level of re-insurance - which can make a difference as it protects them from large claims - and also whether they are a subsidiary of another insurer - some small insurers are backed by larger insurers - which gives them far greater stability than you might think at first glance. |
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aaron p
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Check out VitalSigns by Ebix. They compile information on companies from various sources. My favorite way to describe the financial strength of a company is their Comdex rating which is a numeric average of AM Best, Moodys, S&P, etc. They will also supply you with a company snapshot on one page (debts, credits, profit, average investment returns, allocations and so on). Or more detailed information if you want it.
If you are a broker or agent, this may be available for free through your upline, otherwise, I think there is a nominal fee. |
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