- Check out a company’s ratings: What is the quality rating of the insurance company, as published by the main rating agencies in comparison with their peers?
- The paying ability, financial strength, asset, etc of the company matters
- Find out if the insurer is a specialist in this area of insurance coverage
- Will it be possible to meet or speak with any of the insurance company's agent and will you be working from time to time with the same person (agent)?
- Will the company be able to provide an insurance coverage that is adequate enough for your needs?
- Is the insurance company's policy premium cost effective when compared to similar/other insurance companies?
- What are the deductibles you are to pay?
- What is the process and procedures for payment of claims?
- Does the insurer give family discounts on premiums for multiple policies?
- If closeness is going to be an issue, is there a local office nearby that will attend to you?
- Complaints made against the insurance company: Consider the company's record for claim refusal. Your State's Insurance Commission may have a record of complaint.
- The size and life span of the insurance company
- Seek assistance from a seasoned insurance professional
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