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Edward H. Zebersky Insurance Law Blog on Lawyers.com
Picking an Insurance Company
Wednesday, January 28, 2009 by Edward H. Zebersky
In picking an insurance company it’s important that you check to see the track record of the company. It’s also significant to know how long the company has been in business and what the (AM Best) rating is, how much money it has in reserves and whether or not it’s able to withstand payment of a large number of claims if a hurricane does strike.
In, Florida there is FIGA (Florida Insurance Guarantee Association) which will only pay up to $300,000 worth of claims. Therefore, if your home is worth more than that and you have become insured by an insolvent or barely solvent insurance company the chances of you losing money on your insurance are greater.
Ed Zebersky a Fort Lauderdale Insurance Lawyer of Zebersky & Payne gives some insight and advice on picking a insurance company. In this article, Ed a Insurance Attorney in Ft Lauderdale explains what you should be aware of when selecting an insurance company.
Zebersky and Payne, LLP
(866) 675-5148
(954) 989-7781 - Fax
(954) 989-6333
(954) 989-7741 - Fax
Posted at 11:19 AM
Topic:
Insurance
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