Investor · Jacksonville , NC · Member since 2015 · 143 posts · 54 votes
Good morning.
I'm in the process of shopping insurance for my SFRs. In the past I've always had a big dog company (in this case USAA) underwrite the policy. However I got a competitive quote from a local company...and when I say local I mean a company that does its own underwriting, they are not agents for a big firm. This company has been around for many years so either they are good and are keeping their clients or they are bad and have a lot of new clients.
Is there a need to vet this company any further? Please note this is not some spidey-sense that has me worried. I've just never dealt with this company before.
Thanks in advance,
Ben
@Ben H. you still want to vet them as you would any other vendor you wot with.
I am assuming you are working with an independent agent who reps many companies. In this case, you want to research the agent and the insurance company they place you with.
Regarding the agent, you can contact your state commissioner to make sure they are licensed and do not have any complaints filed against
For the insurance carrier, check AM Best to get their financial info. You will want a company who has an A rating.