Comments on: Overwhelemed with Insurance http://www.livingalmostlarge.com/2008/07/12/overwhelemed-with-insurance/ Trying to live large ...one step at a time Mon, 15 Mar 2010 23:14:39 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: LivingAlmostLarge http://www.livingalmostlarge.com/2008/07/12/overwhelemed-with-insurance/comment-page-1/#comment-2106 LivingAlmostLarge Mon, 14 Jul 2008 13:53:33 +0000 http://www.livingalmostlarge.com/?p=785#comment-2106 When you figure it out let me know. When you figure it out let me know.

]]> By: chris http://www.livingalmostlarge.com/2008/07/12/overwhelemed-with-insurance/comment-page-1/#comment-2105 chris Sun, 13 Jul 2008 22:34:23 +0000 http://www.livingalmostlarge.com/?p=785#comment-2105 Doing competitive analysis of insurance is a huge black hole. First you've got to compare prices in exchange for the coverage. But not all coverages are equal. Some companies more aggressively look at claims negatively than others. Some will be more forgiving . A low rate can quickly be overcome by some trigger event. Some will cancel sooner than others. It's harder to keep competitive costs if you've been canceled. Finally, you've got to check the financial strength of the company you're looking at. Nothing more fun than looking at an AM Best book. I've never found a good way or even a primer on how to best do the task of comparing insurance. Doing competitive analysis of insurance is a huge black hole. First you’ve got to compare prices in exchange for the coverage. But not all coverages are equal. Some companies more aggressively look at claims negatively than others. Some will be more forgiving . A low rate can quickly be overcome by some trigger event. Some will cancel sooner than others. It’s harder to keep competitive costs if you’ve been canceled.

Finally, you’ve got to check the financial strength of the company you’re looking at. Nothing more fun than looking at an AM Best book.

I’ve never found a good way or even a primer on how to best do the task of comparing insurance.

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