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Home > Insurance Company’s Ratings Explained

Insurance Company’s Ratings Explained

May 16th, 2011 at 02:06 pm

It is no secret that when you go to buy car, life, home, or other insurance the insurance company is going to ask you a lot of questions. Why? They want to know what kind of risk you are.

Knowing the amount of risk you represent helps them first determine if they want to insure you, and secondly, what price to charge you for the insurance. However, have you thought that you should also be assessing your risk in buying insurance from a particular company?

Continue reading at: http://www.livingrichlyonabudget.com/insurance-companys-rati...

3 Responses to “Insurance Company’s Ratings Explained”

  1. patientsaver Says:

    Sure. If the insurer goes out of business, your investment is gonzo. The guarantee that many insurers offer is only as good as their company stability. You should also check their Moody's S&P ratings before doing business with them.

  2. Jerry Says:

    This is a great point about insurance companies... a fly-by-night insurer (or one that sells a crappy policy) is worse than having no insurance at all, and can really lead to a lot of headaches. The background checks should be done on both sides!

  3. Fanny Says:

    There are so many insurance companies popping up nowadays with commercials on TV. It's good to check them out before investing your hard earned money on what seems like a good deal.

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