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Old 01-13-2008, 05:34 PM
 
Location: Virginia
239 posts, read 938,960 times
Reputation: 73

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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
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Old 01-13-2008, 05:58 PM
 
Location: Looking East and hoping!
28,227 posts, read 21,853,374 times
Reputation: 2000000995
If you have AAA for your car I would definitely check there. We did last year and saved big $$$.
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Old 01-13-2008, 06:04 PM
 
Location: Tucson
42,831 posts, read 88,170,643 times
Reputation: 22814
Quote:
Originally Posted by darkblue View Post
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:

Homeowners Insurance - Guaranteed Replacement

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
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Old 01-13-2008, 09:40 PM
 
Location: Charlotte, North Carolina
5,137 posts, read 16,589,971 times
Reputation: 1009
Eerie is the best for insurance....not many ppl qualify.

Try with your car insurance company first....they may give you multiple discounts
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Old 01-13-2008, 10:10 PM
 
Location: Tucson
42,831 posts, read 88,170,643 times
Reputation: 22814
Quote:
Originally Posted by banker0679 View Post
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
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Old 01-13-2008, 10:12 PM
 
Location: Charlotte, North Carolina
5,137 posts, read 16,589,971 times
Reputation: 1009
didnt know that.....didnt even know Amica was at the top.

good post
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Old 01-14-2008, 09:28 AM
 
Location: Tucson
42,831 posts, read 88,170,643 times
Reputation: 22814
Quote:
Originally Posted by banker0679 View Post
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!
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Old 01-14-2008, 05:28 PM
 
2,068 posts, read 4,337,807 times
Reputation: 1992
Best thing is to go with big names.
Which ever gives you the better quote of course.
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Old 01-14-2008, 06:15 PM
 
Location: NE Florida
17,833 posts, read 33,122,669 times
Reputation: 43378
darkblue
If you are military check on USAA
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Old 01-14-2008, 08:13 PM
 
Location: Tucson
42,831 posts, read 88,170,643 times
Reputation: 22814
Quote:
Originally Posted by recuerdeme View Post
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!
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