The real test of an insurance company is how they respond when you have a claim…The cheaper the rates, the less money they usually want to pay on claims…So they might give your claimants a “rough ride” and you end up looking like the bad guy…
Also, all insurance policies have a “reporting” provision…Some cheap insurers try to rate you on claims reported versus actually paid…And you must report anything that might give rise to a claim or if it comes back years later they will claim they have been “prejudiced” and deny coverage…
A local broker may end up being higher but because they live in your community and have a good book of local business they usually go to bat for you…
The purchase of insurance requires careful attention and a lot of research…Not all insurers or policies are the same…
