National Ratings of Home Insurance Companies 2012.

In September 2012 both Consumer Report and J.D.Power came out with their separate annual homeowner insurance reports and ratings.

According to the national survey the greater the damages the more likely the homeowner received less than expected with almost 10% overall of the survey were in disagreement with the claim payment but when damages were over $25,000, 19% were in disagreement.

Both reports and ratings have Amica Insurance with the best reviews and with Erie Insurance and State Farm above industry standards. Both reports also have MetLife, Travelers, Farmers and Allstate below industry standards. To see how the customer satisfaction index was determined please visit each article.

If you are at an impasse with your claim you can hire a public adjuster who will negotiate with the insurance company for you usually at around a ten percent fee of your payout. To find a public adjuster go to the National Association of Public Insurance Adjusters and click on the link “find an adjuster”, look for one with experience, good reviews and your state license if needed.

Many insurance companies have been increasing their deductibles on severe weather events or all together not providing coverage in certain regions. As well in the past few years homeowners have seen an increases of 5 to 10 percent annually with some industry experts predicting up to a 12% increase this coming year.

Bundling your auto and home insurance package together under one insurer can save you up to 15% with some companies. Insurance companies are using more and more now your credit score to help determine rates, the higher your credit score (that is good) the lower rates you could get. Click here for 10 more tips on lowering your homeowners insurance.

Many states like Connecticut have Insurance Departments that provide valuable information, links and tips for homeowners. If your state does not then you next best bet is to find an independent local agent who can get you quotes from multiple insurers. To find an independent agent go to Independent Insurance Agents & Brokers Association.

 JD_Power_2012_Homeowner_Insurance_Study

Here are additional helpful links for homeowners and home buyers.

Title Insurance for Connecticut Real Estate.

Difference From Mortgage Broker & Mortgage Banker.

District & School Reports.

How to Find the Best Mortgage Rates.

For further information about homes in lower Fairfield County, Connecticut call David Popoff

at William Pitt Sotheby’s International Realty in Darien, Ct.

cell 203-228-0646

email DavidPopoffCT@hotmail.com

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Filed under Ct Real Estate Market, Homeowner Tips, Interesting Articles, Real Estate Posts, Uncategorized

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