GMAC homeowners insurance company is one of the many companies in your area that can offer you quality insurance for your home. Shopping for homeowners insurance involves scouting homeowners insurance companies and their policies and then comparing rates. Your home is your largest investment and it must be protected by a quality homeowners insurance policy. However, you don’t want to overpay for that quality. To help you with your shopping, here is an overview of GMAC homeowners insurance company.
GMAC Homeowners Insurance Company History
GMAC homeowners insurance company is a part of the General Motors Acceptance Corporation, which itself was born out of General Motors Corporation. GMAC was established in 1919 as a financial services organization and is probably better known for auto and home loans than homeowners insurance. GMAC is now one of the largest insurance underwriters in the world. GMAC also offers many financial products in addition to homeowners insurance. GMAC has considered itself an innovator in the finance and insurance industry over the years with many innovations that have been put to use in auto and homeowners insurance policies and claims service.
GMAC Homeowners Insurance Company Policies
Homeowners insurance policies through GMAC can offer primary protection for the following.
- Rented space
- Shared residence
- Vacation home
Whether a renter or owner, you can find the right policy to protect your investment and home. GMAC homeowners insurance company also offers the following additional coverage options.
- National Flood Insurance Program
- Specialized dwellings and structures
- Specially scheduled valuables
- Umbrella Coverage
- Earthquake Coverage
There are more options available, so you can consult with a local GMAC agent to determine all available options and how they can benefit you.
GMAC Homeowners Insurance Company Discounts
Possibly the largest discount you can qualify for is the multiple policy discount. GMAC also insures automobiles and other recreational equipment. You can bundle these policies to save as much as 10 percent in premiums. You can also save on your homeowners insurance by:
- Installing burglar alarms (especially monitored alarm systems)
- Installing deadbolts
- Installing smoke detectors
- Installing sprinkler system
Other discounts include savings for having a good claims history (both you and the home), age discounts (persons over 50) and any other protective devices that improve the security and safety of your home.
GMAC Homeowners Insurance Company Financial Stability
GMAC is one of the largest companies in the world. As part of General Motors Corporation, they are backed by the largest automobile company in the world in terms of revenue. The immense assets and policyholder equity of GMAC homeowners insurance company make GMAC a financially stable company. GMAC had to fight through the recent economic tough times just like other companies and have made it through to the other side. Recent financial ratings show GMAC’s strong performance and recovery. However, it is still recommended that you get the latest financial stability ratings for GMAC, and any other prospective companies, before making a purchase to ensure you are going with a strong organization.
Compare GMAC Homeowners Insurance Company Rates With Other Providers
To find the best deal on homeowners insurance, you need to shop around. It is now easier than ever before to compare costs of insurers such as GMAC homeowners insurance company. Online rate quotes allow you to gather multiple quotes from top companies such as GMAC to find the one that can offer you the best deal. Keep in mind that the lowest price is not always the best deal. You get what you pay for in many respects, so make sure you research prospective companies and their policies. Compare the homeowners insurance rates of the companies you feel most comfortable and then find the best rate among those companies.