No. of Recommendations: 1
JK
Go to AM Best and look up the company. It should give you a credit rating for the company and other info.

another way is to go online to your states Insurance Commissioner's office and look for some rating on this insurer. This will vary by state. You could certainly call the insurance commissioner's consumer protection help line and ask them.

There are several important coverages and limits on coverage within a given Homeowners (HO) Policy. It depends on the 'form'. For example, HO-3 policies cover replacement cost on dwelling but use the depreciated cost on personal property, while HO-5 policies will offer replacement cost on personal property. The important variables, as I recall, are...

- Amount of coverage on dwelling, other unattached structures and personal property
- Maximum liability coverage. This should cover injury not only on your property but anywhere in the world, except involving powered vehicles, which must have their own liability coverage
- Deductible on personal property. The higher this is, the lower the premium
- Replacement cost vs. Actual Cash Value (depreciated value) on personal property
- Exclusion of or limited coverage of high value items, such as jewelry, guns, artwork, bicycles, etc
- Exclusion or limits on damage from certain threats in high risk areas, such as hail in certain states
- Limits on loss of use, such as the costs of having to move out of your house while it is being repaired
- Medical payments to others. This limit will pay for medical costs to those injured on your property
- Limits or exclusions of coverage on wheeled or motorized vehicles, such as boats, autos, motorcycles


It might be best to get a copy of the coverage and exclusions for each and lay them down side-by-side for comparison

Most individuals do not know what any of these are on their own HO policy. But when we see the footage of those burned out homes/cars/boats/trailers in California, you can be that hundreds of homeowners are about to get an education on what losses are covered and what are either limited coverage or have no coverage.

BruceM
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