Traits to Look for in an Insurance Company

Traits to Look for in an Insurance CompanyWhile there are many insurance companies to choose from, finding the one that suits your needs best is the ideal fit. When contemplating Insurance Companies Connecticut, consider these tips to weigh your options.

Financial Health- The insurance industry can be financially demanding. A longstanding company can serve as a good indicator that the company understands the complexities and are able to meet their financial obligations should the need arise. While the law requires that insurance companies maintain large reserves to guarantee they can meet their future obligations to their customers, it’s always smart to do some homework before completing a purchase with a potential insurance company, says Life Happens.

Ratings- In order to get a better understanding of the health of the company, experts recommend checking their ratings. Bear in mind, however, that not all sites use the same rating system to measure a company’s success. While companies are typically graded on an A-F scale, consider the pricing and the availability of policies as well before settling on a company.

Complaints- Issues reported by other consumers can provide insight on the downfalls of the insurance company. The National Association of Insurance Commissioner’s database can provide a searchable platform to look for complaints against a certain company you are considering.

Seek Professional Advice- Brokers and agents can provide helpful advice on what type of coverage you need, how much coverage is necessary, and pricing options. A thorough analysis of risk exposures and policy recommendations can be beneficial for finding a new insurance company.

In short, the best company is one that is in good financial standing, maintains high customer satisfaction rankings, and provides the appropriate coverage options that suit your needs. At Byrnes Agency, we have over 80 years of experience in the industry. We provide a variety of products and coverages in order to safeguard your personal and professional needs. To learn more, contact us today at one of our three locations.

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Dayville Office

Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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