In the United States, standard line insurance companies are your "main stream" insurers. These are the companies that typically insure your auto, home or business. They use pattern or "cookie-cutter" policies without variation from one person to the next. They usually have lower premiums than excess lines and can sell directly to individuals.They are regulated by state laws that can restrict the amount they can charge for insurance policies.
The financial stability and strength of an insurance company should be a major consideration when purchasing an insurance contract. An insurance premium paid currently provides coverage for losses that might arise many years in the future. For that reason, the viability of the insurance carrier is very important. In recent years, a number of insurance companies have become insolvent, leaving their policyholders with no coverage (or coverage only from a government-backed insurance pool or other arrangement with less attractive payouts for losses).
Our InsuranceDirectoryUS.com is an insurance directory giving you more information on insurance directories, life & health, insurance associations, insurance employment, insurance consulting, worker's compensation, insurance software, reinsurance, insurance carriers, financial guaranty, consumer information, agent & marketers and much more.
If you have a suggestion on how we can improve this site we want to hear from you. Please give us your opinion. |
