Be sure you utilize highly rated insurance
companies when selecting any and all of your insurance products.
You want to be fairly certain that your
insurance provider will be there when you need them.
Therefore do your research on the front end to ensure that you are selecting a strong company that will be there when you need them.
For starters you can go to A.M. Best, Duff & Phelps, Moody’s, Standard & Poor, Weiss and other rating and consumer sites—to learn more about the insurer you are selecting.
The rating companies listed above also have the
“lowest three ratings” as well, however they are not included on this page.
If you are interested in the three lowest
rankings of the rating agencies listed above please visit their websites.
Use severe caution when considering any company
in the three lowest ratings as the potential for insufficient funds or future
solvency is a real concern.
Also realize that rating companies can and do make errors in ratings—therefore, use your common sense and other rationale—in conjunction with the rating data that you receive.
Other factors could include:
Also be sure to visit consumer and government
websites and watch groups as an additional check.
Remember it is your money that you will be paying so you want to be sure the insurer will be around in the time of need for you and your family.