How to Find the Best Illinois Homeowners Insurance Company

 

Getting the right homeowners insurance policy and the best homeowners insurance rate are important, but to do so you also have to find the best Illinois homeowners insurance company. Homeowners insurance is very important to your personal finances and if you ever have to use it you will find out just how important it is.

The right homeowners insurance company can make going through a disaster with your home either much easier or much more trying and difficult. Because of this it is important to consider the following issues when choosing your Illinois homeowners insurance company.

 

Licensed Insurance Companies

Make sure that any homeowners insurance company you are considering are licensed in the state of Illinois. If they are not licensed in Illinois and you purchase an Illinois homeowners insurance policy from them, you will get little help from the Illinois insurance department if you have a complaint or problem with this company.

 

Insurance Company Financial Stability Ratings

You will be paying premiums each month or at least once a year to your insurance company. Because of this you expect them to be there in case something does happen to your home. If you choose an Illinois homeowners insurance company that is not financially stable, then they may not be there when you need them, especially if there is a large disaster involving many of their insured homes. They could go bankrupt and leave you in a mess without any help.

You can check out the financial stability ratings of any prospective company online. There are a few ratings companies, such as A.M. Best, Fitch and Standard and Poor’s that give objective financial stability ratings for homeowners insurance companies. Go only with a company with excellent or better ratings.

 

Insurance Company Customer Service

Customer service is an incredibly important aspect of choosing your homeowners insurance. If you have an emergency and need the help of your homeowners insurance company, the last thing you want to deal with is poor customer service.

There are several ways to find out the customer service reputation of any prospective insurer. First of all, you can check with a national claims database to see if there is any information as to the complaint history of the company. You can also check with the Illinois insurance department to get information about service complaints and records as to claims satisfied versus amount of claims filed.

One of the best ways to learn about a company is to talk with those you know. Your friends and family can give you lots of information as to which companies have treated them right and which ones haven’t. You will probably learn more about the prospective  insurance companies through word of mouth than anywhere else.

 

Feeling Comfortable With a Company

One thing that can often be overlooked in this process is how you feel about the company. There is no mathematical formula to figure out if you are comfortable with an Illinois homeowners insurance company. However, there are a few things to keep in mind. Any prospective Illinois homeowners insurance company should be willing to do the following:

 

  • Answer any and all of your questions
  • Be easy to get in contact with
  • Make sure you understand your policy
  • Not pressure you into signing until you are sure

 

If you feel an agent is being evasive, using high pressure sales tactics or makes you feel stupid when you are trying to understand your policy, then you should move on. There are plenty of companies that will make you feel wanted.

 

Illinois Insurance Rates

The first thing many people think of when choosing a company is how much do they charge. Not only do different policies cost different amounts, but it may cost you hundreds of dollars more for the same policy from one company to another. This means you can save a lot of money by going with the company with the more favorable rates.

You can quickly compare rates by getting online quotes from multiple companies. This will help you to compare the costs from one company to another. Add this with the other information that you discover through your research on specific companies and you will be well-equipped to choose the right Illinois homeowners insurance company for you.

Homeowners Insurance Axis
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