Month: January 2020

Is Farmer’s A Good Choice for Your Insurance Needs

Is Farmer’s A Good Choice for Your Insurance Needs

Is Farmers home insurance the cheapest policy for you? You will never know for sure unless you compare quotes from other companies. How long would it take? Just a couple of minutes to fill our simple online form. Then we do all the hard work and find the best quotes for you. Yes, its that simple. You save time, effort and above all – lots of money!homeowners insurance

Farmers Company Background

The Farmers Insurance Group is one of the largest insurance companies in the United States. They have a customer base of over ten million households, holding over twenty million individual insurance policies. Their insurance products are particularly popular in the west and southwest of the country. Their company headquarters are in Los Angeles and they employ over 25,000 people.
The company started, as the name suggests, by offering insurance policies to farmers. They have been operational since 1928. M ore information here @ https://falconins.com/

They are owned by Zurich Financial Services, a gigantic Swiss financial services group with subsidiaries all over the world. The British conglomerate B.A.T. Industries initially acquired Farmers Insurance Group in 1988. The B.A.T. financial services arm merged with Zurich A.G. in 1998 to form Zurich Financial Services.
In recent years Farmers Insurance Group has been almost untouched by the global economic downturn. Their financial strength has generally been very strong. Their only low point in recent years came in 2008 as a result of Hurricane Katrina.


Farmers Company Ratings

AM Best Company gives Famers Insurance Group a financial strength rating of A. This means their analysts believe that they have an excellent ability to meet their insurance obligations.
Farmers has a good rating
Moody’s categorized Farmers Insurance Group’s financial strength as A2. This meaning that their financial security is excellent. That puts Farmers Insurance Group in Moody’s group of “high-grade companies.” This favorable rating is based on good profitability and earnings over the last five years, as well as the support provided by the larger Zurich Financial Services group.
Standard and Poor’s have rated Farmers Insurance Group AA-, which they categorize as a very strong financial strength rating. Click on this link @ https://falconins.com/home-insurance/

Customer Satisfaction

The Farmers Insurance Group has generally fared quite badly on customer satisfaction surveys in recent years. Consumer Reports have found that the Farmers Insurance Group is very reluctant to pay out on claims. They gave Farmers Insurance Homeowners Insurance a “Worse” rating in both the “Problems with Claim” and “Delayed Payments” categories.
In the JD Power & Associates rankings of insurance companies in recent years, Farmers Insurance has had a mediocre score. They have generally scored average or under.
The American Association of Justice has listed Farmers Insurance as one of their top 10 Worst Insurance Companies. They claim that Farmers Insurance claim handling policies put profits above customer satisfaction. They also claim that there is a culture in the organization of delaying claims.
Kiplinger’s Personal Finance Magazine found that Farmers Insurance had the second worse complaint to claim ratio in the industry.
Obviously, it will be best if you can speak with customers of Farmers that you actually know – friends, family, co-workers. Ask them about their experience and would they recommend the company to you. A recommendation from a person you trust means much more than a high company rating on a corporate website.
Also, have a look at Farmer’s Facebook and Twitter pages.

Shop Around And Compare Home Insurance Quotes

You should definitely shop around before you buy Farmers Home Insurance. It’s the best way to be sure that you will get a good deal. You could save a significant amount on your monthly home insurance policy if you compare the options available on the marketplace.
When you’re thinking of taking out a home insurance policy, it’s wise to get at least three insurance quotes. Make sure to take into account not only the price, but also other factors such as reputation and customer service.

Falcon Insurance Services Inc.
6812 Bandera Rd #201,
San Antonio, TX 78238

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