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Personal Insurance

How will you evaluate an insurance company’s reliability?

By January 4, 2022April 18th, 2024No Comments

Personal Insurance News


By the Insurance Experts

There are a lot of new insurance companies offering everything from auto insurance, home insurance, life insurance to business insurance that most people have never heard of before.

They offer great rates, great coverages, and easy-to-buy insurance, you see the youtube or Facebook ads where you can save hundreds a year, get cheap auto insurance, get your business policy in minutes, and the list goes on and on.

So, how do you know they are legitimate and you can trust they will be there when you need them?

Vantage Point Risk Partners has access to all of the insurance companies available on the market today and we evaluate each one to determine if they would be the right fit for us to represent to our clients. We check an insurance company’s financial stability by looking at its financial rating and rate increases, pay attention to a carrier’s customer service – starting with your’s and our first interaction.

All insurance companies are rated by AM Best, which has a mission to provide accurate, timely, and comprehensive information to anyone interested in the creditworthiness of insurance companies and insurance-linked securities.

The newer personal insurance companies you will see on the market like Openly, Hippo, Lemonade are all backed by major companies that are referred to as Reinsurance Companies. This provides these companies with the financial backing that is required by the industry to make sure the consumer is not left financially responsible.

On the commercial insurance side, you will see companies such as Next, Coterie, ReInsurePro, and others. They are also all backed by major companies that are referred to as Reinsurance Companies. This provides these companies with the financial backing that is required by the industry to make sure the consumer is not left financially responsible.

We are able to work with each insurance company and pick the one that fits your personal life as well as your business life, and while most of these companies offer insurance directly to the consumer you do not get the service of an independent agent that will make sure you always have the best insurance for the best price available.

We pride ourselves in finding the best insurance in Oregon for you, at the best rate with the best coverage, and not just the first time but every time your insurance renews. We will shop your insurance through multiple companies to find you the best option.

For more information please follow one of the links below.