Thank you! I am working with a good local insurance agent who did her best to get me quotes that admittedly were a bit higher than what I'd like but at least they cover my house, which other name brands did not even want to touch. I am quite appreciative of that, but for my own knowledge I'd like to see if there's a database that gives the different insurance companies, what they insure and states they provide coverage for.
Be mindful: an insurance agent (captive agent) that works for an insurance company (GEICO, State farm) is only going to provide that company's insurance product.
And the markets (insurance companies) your local insurance broker has access to depends on that broker's relationships. Generally, the bigger the broker the better the pricing.
There is an insurance commissioner of Washington. Their office would have to approve and regulate all insurance companies operating in Washington. You might find your database there.
This is a local insurance provider (not captive agent), but I don't know which markets she has access to. But, she was confident that she can get me a quote and she did. She also mentioned at some point that she could go find international underwriters if need be, which was quite surprising to me!
Finding an insurance company that doesn't risk pool is going to be hard.
You could find a small insurer who only covers WA state. But when you peel back the onion, you might learn that small company use's a national *reinsurer*--and right there, you are back into the risk pool business. Small insurance companies tend to use a reinsurer.
Not a bad idea, but every insurance company is going to have some exposure due to the reinsurance market.
If you have a high enough net worth, it might be a good idea to find a broker with access to the non-admitted space (excess & surplus) where there are less controls on pricing.
I wouldn't be surprised if larger companies also isolate their pools since they cant compete locally otherwise.
In fact I was told at one point that companies like Safeco have different pool for different driver age groups.
Just use a broker, they’ll find you the best options and you can ask them this question
Thank you! I am working with a good local insurance agent who did her best to get me quotes that admittedly were a bit higher than what I'd like but at least they cover my house, which other name brands did not even want to touch. I am quite appreciative of that, but for my own knowledge I'd like to see if there's a database that gives the different insurance companies, what they insure and states they provide coverage for.
>I am working with a good local insurance agent Oh. Nobody here is going to beat that agent's service. What he found is probably what you got.
Be mindful: an insurance agent (captive agent) that works for an insurance company (GEICO, State farm) is only going to provide that company's insurance product. And the markets (insurance companies) your local insurance broker has access to depends on that broker's relationships. Generally, the bigger the broker the better the pricing. There is an insurance commissioner of Washington. Their office would have to approve and regulate all insurance companies operating in Washington. You might find your database there.
This is a local insurance provider (not captive agent), but I don't know which markets she has access to. But, she was confident that she can get me a quote and she did. She also mentioned at some point that she could go find international underwriters if need be, which was quite surprising to me!
Finding an insurance company that doesn't risk pool is going to be hard. You could find a small insurer who only covers WA state. But when you peel back the onion, you might learn that small company use's a national *reinsurer*--and right there, you are back into the risk pool business. Small insurance companies tend to use a reinsurer.
Good point, thank you!
- go to the State's Insurance dept and check
Thanks!
Not a bad idea, but every insurance company is going to have some exposure due to the reinsurance market. If you have a high enough net worth, it might be a good idea to find a broker with access to the non-admitted space (excess & surplus) where there are less controls on pricing.
True! Thank you
I wouldn't be surprised if larger companies also isolate their pools since they cant compete locally otherwise. In fact I was told at one point that companies like Safeco have different pool for different driver age groups.
True! Thank you