Liberty Mutual homeowners insurance company is one of the top companies in the insurance industry. As you shop for insurance for your home, you can expect to come across their products. Because of the great deal of competition for your business, you can benefit from shopping different homeowners insurance companies. If you are considering Liberty Mutual, take a few minutes to read this overview of their company and what they may be able to offer you.
Liberty Mutual Homeowners Insurance Company History
Liberty Mutual homeowners insurance company is a Boston based company that has been in the insurance industry since 1912. The original aim of the company was to provide workers compensation in the wake of a new Massachusetts state law requiring employers to provide workers compensation to employees. Today, they offer homeowners insurance as well as auto insurance, life insurance, workers compensation, disability insurance and commercial insurance products. Liberty Mutual acquired Safeco in 2008 to further diversify their products and services. Liberty Mutual is now the fifth largest insurer in the U.S. and is a Fortune 100 company.
Liberty Mutual Homeowners Insurance Company Policies
A Liberty Mutual homeowners insurance company policy will provide protection for your home and property from the standard perils. Where your home is located will determine the most important perils to be protected from. A quick examination of a prospective policy will show you whether it offers adequate protection or not, and policies can be manipulated to fit your needs and budget. In addition to standard perils, your policy can also provide protection from lawsuits and identity theft as well as insure additional structures on your property and personal possessions. You may also purchase government flood insurance through Liberty Mutual. Whether you rent or own, whether it is a home, a condo or an apartment, there are policies available to offer you financial protection.
Liberty Mutual Homeowners Insurance Company Added Features
In addition to standard features, your Liberty Mutual homeowners insurance company policy will come with other features. These features add value to your policy, though some may require additional premiums and may or may not be available in your area.
- 24-hour emergency repair service
- Catastrophe team
- Contractor referral network
- Inflation protection
- Lock replacement
- Loss forgiveness
- Multiple policy discounts
- Online policy management
You may also find other features in your area that streamline your customer experience or add value to your policy.
Liberty Mutual Homeowners Insurance Company Financial Stability
In addition to being a Fortune 100 company, Liberty Mutual holds over 109 billion dollars in assets and brought in over 31 billion in revenues in 2009. To help determine the financial outlook of a specific company, there are several objective ratings organizations that publish their findings. The top ratings organizations offered the following most recent financial stability ratings for Liberty Mutual.
- A.M. Best: A (Excellent)
- Moody’s: A2 (Good)
- Standard and Poor’s: A- (Strong)
Compare Liberty Mutual Homeowners Insurance Company Rates With Other Providers
When it comes to finding the best homeowners insurance, the ultimate cost of the policy is of a great concern. While the above items are important, the bottom line is the bottom line. The goal is to find a homeowners insurance company that will offer you the policies you need with nice added features along with a strong financial foundation and a price that fits snuggly within your budget.
To compare the rates of homeowners insurance companies in your area you can use online rate quotes. Use these quotes to compare the rates of Liberty Mutual homeowners insurance company to those to their competitors and you will find the best deal. It only takes a few minutes, your information is secure and the quotes are free. An unmatched deal that will have you laughing all the way to the bank as you save on homeowners insurance.