One
of the things you would need to do when looking to buy an insurance policy is
checking the company’s track records and strength. To do this, you would have
to consider using one or a combination of these steps:
Ask Family and Friends
The
first ‘informal’ step to take is to discuss it with family and friends with
same insurance policy. It is best you ask relations that have the same kind of
policy you are seeking to get. These are people you are comfortable around and
should feel free in asking any question. Seek to know the ease of paying a
claim and the company’s payment policy. If one of them have filed for a claim
in the past, that is even a better way to assess the company.
Ask Your State Insurance Department
The
insurance industry is well regulated in most countries in the world. So it is
easy to have the same standard or policy binding on insurers in a country. Walk
into your state insurance department to inquire about the track records and
strengths of the company. They are usually formally equipped with the type of
information you want to have.
Check Customer’s Satisfaction
Like it was earlier
stated, if you have a family and friend that has filed a claim before with the
company, it helps give a better assess on how the company handles claim
payments. If you don’t have this, look it for customer satisfaction surveys or
contact customers to ask questions. Only do this, if their contact information
is readily available.
No comments:
Post a Comment