Insurance Ratings: How to Compare Policies
- What is an Insurance Rating?: Ratings given by independent agencies (like A.M. Best, Moody’s) to assess the financial health and reliability of an insurer.
- Key Rating Factors:
- Financial Strength: The insurer’s ability to pay out claims.
- Claims Satisfaction: Customer feedback and history of claim resolution.
- Market Share: The insurer’s presence and stability in the market.
- How to Use Ratings: Use insurance ratings to choose a financially stable insurer that can reliably pay your claims when needed.
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