American Modern Insurance Review: Home Insurance Customer Complaint Statistics & Ratings

This American Modern Insurance review will evaluate, for the most recent five year period where reliable statistics are available (2010, 2011, 2012, 2013 & 2014), the home insurance (mobile home & homeowners) complaint ratings for the subsidiary companies of American Modern Insurance Group, to determine whether each subsidiary, such as American Family Home Insurance Company, has a better-than-average, average, or worse-than-average customer complaint record. American Modern Insurance Group insures mainly mobile homes, homes in need of repair, trailers, vacant homes, homes with a recent claims history, and other properties many other insurance companies won’t insure. I’ll compare the home insurance complaint records for the American Modern subsidiary companies, with its major competitor offering specialty home insurance, Foremost Insurance. Continue reading

Virginia Home Insurance Reviews: Complaint Ratings for 50 Top Companies

Does your home insurance company have many customer complaints? Will you have problems placing a claim, or have a valid claim delayed or denied? Is your property (renters, home, condo, dwelling, or mobile home) insurance company good or bad? Most consumers fail to check the complaint records of their insurance companies. This blog post provides complaint information for the fifty largest insurance companies insuring residential property in Virginia and ranks them from best to worst, based on their 2010 national homeowners insurance complaint records (Accurate 2011 complaint records are not available yet). Continue reading

Finding Home Insurance for Older Homes

If you have an older home, you may find some home insurance companies unwilling to insure you. Due to the recent severe tornado season, Alfa insurance will no longer sell homeowners insurance covering homes built before 2001 in Alabama. If you buy a home built in 2000, will you have a hard time finding an insurance company willing to insure your home? Not likely, unless you are near the coast or in tornado alley, but the older your home is, the more likely you are to find some insurance companies unwilling to offer you home insurance. Continue reading

Arkansas Home Insurance Reviews: Complaint Ratings for 20 Major Companies

Does your homeowners insurance company have a large amount of customer complaints? Will you have problems placing a claim, or have a valid claim delayed or denied? Are you insured with a good or bad company? Most consumers fail to check the complaint records of their insurance companies. This blog post provides complaint information for the 20 largest Arkansas home insurance companies, covering 86% of the 2010 Arkansas home insurance market, and rates them based on their 2010 national complaint record (Accurate 2011 complaint records are not available yet). I also include a list of the 5 homeowners insurance companies with the most confirmed complaints in 2010, made by customers in Arkansas. Sort out the best companies from the worst companies. Continue reading

American Modern Insurance Reviews, Complaint Ratings & Alternatives When Your Home Insurance is Canceled

I have blogged before about your best option, when your home insurance is being canceled by your insurance company, is to appeal your homeowners insurance cancellation, and see if your insurance company will reinstate your home insurance coverage. Continue reading

Replacement Cost Guarantee or Extended Replacement Cost Homeowners Insurance

I have mentioned before, unlike auto insurance, there can be a huge difference in the home insurance coverage offered by insurance companies. One major difference is whether an insurance company offers a guarantee to rebuild your home, no matter what the cost to rebuild it.

For example, you buy homeowners insurance, and the insurance company determines you need $200,000 to rebuild your home. 6 months later, your house burns to the ground. The actual cost to rebuild your home is $280,000. Depending on the insurance company you chose, and the coverage options they offer, you may get only $200,000 for your claim, or $240,000, if you have an extended replacement cost option, or the full $280,00 it takes to rebuild, if you have a replacement cost guarantee.

If you have the replacement cost guarantee, you will get whatever it costs to rebuild — even if it costs $500,000 — to have your house rebuilt to the same size and quality of the house before it was damaged.

So, if you have 1,200 square foot, 2 bed room, tract home, the insurance company will rebuild you a 1,200 square foot, 2 bedroom tract home, no matter what the cost, but they won’t pay more to upgrade your kitchen, give you a third bedroom, or more square footage.

I’m blogging today to explain homeowners insurance replacement cost options to rebuild your home, why they are so important, and how to find insurance companies with the best home insurance coverage options for you. Continue reading

Home Insurance Canceled due to Claims? Here’s How to Appeal

Did you know having more than one home insurance claim in 5 years can get your homeowners insurance canceled? In fact, if allowed by state law, ONE claim can get your home insurance canceled, if your insurance company is concerned the nature of the claim makes you a higher risk of having another, or large insurance claim. Buying home, condo, mobile home, or any other type of property insurance, only to have it canceled when you use it, makes many people feel insurance is a rip off. Continue reading

Renters Insurance: A Landlord’s Guide

Many landlords understand the importance of requiring their tenants to have renters insurance. However, many landlords fail to implement a program to make sure their tenants have an active renter’s insurance policy when a claim occurs. This can be a very expensive mistake! I will explain what you need to do to make sure your tenant has renters insurance when you most need it, but first I will list a few reasons why it is so important for landlords to require their tenants to have renters insurance. Continue reading