 |
| Image Source: http://www.insuranceproviders.com/ |
Finding the perfect insurance provider is really a hard task. Especially now that investment scams are always on the news headlines. Which is a legit one? Which is really reliable and trust worthy? These are just some of the questions that hard to answer.
Every time you do a research, the question marks on head were not popped out (as what meant to be) but rather, new Qs are added. If you are feeling this, don’ worry, you are not alone. I felt the same way before. It’s hard, really hard. Top insurance companies in the Philippines for many are not affordable. But the idea is you pay for what you deserve. I’m not saying that always deal with the top brands but my point is, look for the best choice of insurance you need.
Here are the three essential tips you need to know if you are dealing with the right provider.
Company’s ratings – are they A+?
Check out their ratings. Internet is very handy now that you can simply ask Google about the background of the company. And the results are just seconds away.
By knowing their ratings, you can check their financial health, and according to experts, it is the best way! There are couples of private companies that conduct analysis or reviews of insurance companies and their reports are accessible online. Some are free and others are not (men these are businesses). Just keep in mind that not all agencies use the same ranking system. So better check all the data and be careful in comparing information.
Remember that a company’s rating is just one of the many factors to look when making a purchase. If you are evaluating two policies, and one is underwritten by a company with a rating of B+ and the other is from a company with an A rating, don’t automatically assume that the higher rating is the one you need. If the policy from the other company has more of the features you are looking for, it might be the better choice of purchase.
Size matters?
Does the company’s size matter? It is a Yes and a No. Most of the largest companies have been in business for decades and some at way back 1840’s. When a company has been in the business for that long, you can fairly assume that it understands the complexities of the insurance industry. They know how to manage risk and grow assets. They had a history meeting long-term financial obligations. But I’m not saying that you must not deal with small companies. There are hundreds of small to medium sized companies and may have been around meeting financial obligations just as long as their larger counterparts. Basically, size doesn’t matter.
Are there any complaints about them?
You may also want to check for complaints against a company. Insurance companies are regulated by government bodies of insurance, which track complaints filed by their clients and customers. Though complaints may vary differently, still it is another decision-factor you may want to consider. Hundreds of people are guided right by this factor so better not to miss this out in your notes.
Conclusion
Before making any purchase, make sure to ask for other’s opinion. You may also ask for friends’ recommendations, which for me is the first right thing to do. Remember that the “right company” is the one that provides you the appropriate recommendations, products and prices, has a record of outstanding customer service and financial capacity to meet its financial obligations.
Related Posts:
- How to Indemnify a Performer’s Talent and Life
- 4 Must know Facts Regarding Travel Insurance
- Cases where-in Your Travel Insurance will shoot you back
Walang komento:
Mag-post ng isang Komento