Great Help in Lava Zone 2 Insurance

[Dan De Soto]

I think we came to resolution on this and thank Stillhope for her cooperation. The American Western Home insurance program was pretty new at the time the policy was written and I was not aware of the insurer's minimum premium requirement. In trying to save the most money possible for my customer the premium actually went below the insurers minimum premium threshold. This resulted in additional premium due after the policy was issued. I was able to provide more coverage that what was quoted since the cost was more. There are usually some bugs like this to work out when new insurance programs begin. I have not run into that problem since.



Dan De Soto
Mutual Underwriters
Insurance Agent
www.insurancehi.com
dan@mutualunderwriters.com
Tel: 808-961-3207
Fax: 808-969-1120
275 Ponahawai St., Ste#105
Hilo, HI 96720

[hotinhawaii]

I just saved $980 on my insurance by going with Dan DeSoto. Both my old policy and new are underwritten by Lloyd's. It pays to ask around.

[EightFingers]

quote:

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Originally posted by hotinhawaii

I just saved $980 on my insurance by going with Dan DeSoto. Both my old policy and new are underwritten by Lloyd's. It pays to ask around.

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What zone are you in?

[jdirgo]

And this is where a good insurance person comes in - I don't fault Dan for trying to work with a new insurer in the area if he sees that it might save his customer's some money. But history is also important. What is the company's track record? If they don't have one here, what's it like where they have been in business? Its great to see new insurers coming into our market, but we still have to be careful. Bad insurance is almost worse than no insurance. It sounds like Dan is working with this new insurer to make sure they live up to their promises. That's a good insurance person.

John Dirgo, R, BIC, EcoBroker, ABR, e-PRO
Aloha Coast Realty, LLC
808-987-9243 cell
http://www.alohacoastrealty.com

[Lucy]

I used to be a property casualty agent and this is the best company for your needs in finding out a insurance company's strength.
All the best to you, Lucy
http://www.ambest.com/
Best's Credit Ratings
A.M. Best Company is a global full-service credit rating agency dedicated to serving the financial and health-care service industries. It began assigning credit ratings in 1906, making it the first of today's rating agencies to use symbols to differentiate the relative creditworthiness of companies.

Best's Credit Ratings are independent opinions regarding the creditworthiness of an issuer or debt obligation. Best's Credit Ratings are based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile, or, where appropriate, the specific nature and details of a debt security. A complete list of Best's Credit Rating Methodologies is available.

A.M. Best assigns the following types of ratings:

•Best's Financial Strength Rating - Insurer - an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. This rating is assigned to insurance companies.
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•Best's Financial Strength Rating - Bank - an independent opinion of a bank's ability to meet its ongoing financial obligations to depositors. These ratings are assigned to banks.

Lucy

Having another Great day in Paradise, Wherever that Maybe!

[StillHope]

Just posted this in another thread but I belongs here.

I am using Dan 3-d time and he kept his promise-this year is even better.Lloyd - and cheaper than less known insurer last year.