Insurance Companies

I know there’s lots of variations depending on where you live, experience etc, but generally speaking, which insurance companies pay their claims adjusters the best out of the ones listed below?

- State Farm
- Allstate
- Liberty Mutual
- Nationwide
- Farmer’s
- Chubbs
- Safe Auto
- Progressive
- Erie

…and any other of the big companies you can think of.

Also, what fields that are more lucrative than claims adjusting, can a claims adjuster potentially parlay into, inside or outside of working for a big insurance company?

Erie isn’t a big company, IMO. But they’re all about the same.

Any independent claims adjuster who’s established (read, who can get the work) makes more than a company one.

Sales is the highest paying job, just like in any other industry – but it’s commission based, not salary based. So if you don’t sell, you don’t eat. Great salespeople will ALWAYS make more money than just about any other position.

Did you know that no matter how new your vehicle is if you go over 99,000 miles they will only pay for used parts on your claim? If they can’t get used parts they will pay only for the cheapest brand. We pay for the policy that covers everything and they never told us they only pay for used parts!! Anyone know of a good insurance company for Massachusetts?

No, I don’t have Liberty Mutual. But check your policy, with my policy there is an "Original Parts" order on my newer car. So if it is damaged, they will get new parts from the factory. Then if only no new parts are available (not produced anymore) they will get aftermarket parts. Some autos this may cost a little bit more, but it varies with year, make, model.

I am using my grandmother’s car for the summer. Our licenses in new York have different addresses on them. The insurance company is allstate, and since we have different addresses, I don’t need to be under their insurance policy.
However, I am under the insurance policy for my mom’s car and my dad’s car. The insurance company is liberty mutual.

If I get pulled over (for a moving violation) in my grandmother’s car, will the liberty mutual insurance go up? Besides points, any other affects that will happen?

Yes, The liberty insurance MAY go up because it does not matter who’s car you were stopped in but it matters that it is on your driving record

You can try the online yellow pages and if that branch is not listed, maybe the main office is

No claims have been made. My initial investment was $5,000. Now I get statements from the insurance company saying I must pay $6,500 if I pull out. I have repeatedly told him I was worried that this would happen. He says "no worries". What are my choices?

Doesn’t make sense! I can understand a penalty, I can also understand a poor performing mutual fund. 98% of all managed mutual funds are down for the year. Read your policy, it will state what your early withdrawl penalty will be. If your mutual fund has gone down more than 40%, your rep really sucks. If you find their is fraud, you will have to get with your attorney general.

I am a graduate in Sociology. I have been an equity trader for the past 2 years. I have also been trading in commodities for the past one year. I am 27 years old. I have an year of experience in selling insurance policies. How can i get a job in Insurance companies, prefarably life insurance companies, mutual fund companies, or in banks?Is it okay if i trade for 2 more years and then try for a job?
How can I proceed?

The best way that I know of is to start with a temporary agency. That way you can get a feel for what is out there and what prospective employers of the field are looking for…..

Not only that, but they will literally place you in that area… The bank will not only train you, but within a year, you are likely to be hired with no formal training from the beginning….

That is what happened to me… I only had typing skills… I was placed with a temp agency and worked for the bank for a year before I was hired full time. I worked for that bank for 9 years having received benefits on the same day I was hired full time.

I now work for a different temp agency and will be hired full time with benefits within the next 2 months…..

Also, some temporary agencies offer benefits… so that’s a plus….

Go for an agency…. See what doors will open for you….

your sister,
Ginger

I got an Insurance Policy on myself June 27,1951, I turned 21 in Sept. of that year ..it was Pd.-up on 06/30/71, It was a 20 year Payment Life. I will be 76 Friday, Sept. 29 and would like to find out what the cash value is. It is with John Hancock Mutual Life Insurance Company Boston Mass. I have no other address nor a Phone #. to contact their office. I would appreciate any help…E-mail me at Jswem@blazenet.net Thank You Janice

John Hancock Group
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(a member of John Hancock Group)
A.M.Best #: 88052

Address: John Hancock Place
Boston, MA 02117
Phone: 617-572-6000
Fax: 617-572-1799

Loudoun Mutual Insurance Company
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A.M.Best #: 00664 NAIC #: 10329 FEIN #: 540313350

Address: P.O. Box 58
Waterford, VA 20197
Phone: 540-882-3232
Fax: 540-882-4785
Web: www.loudounmutual.com

I have a 1 month old daughter. I want to save regularly for my daughter’s education. I was wondering if I should go for a child insurance plan by any of the insurance companies (or) should I invest in any of the children mutual funds? Is there any other better way to invest?

It completely depends where you live. Different countries tax things differently and some countries have programs set up specifically for children’s education where the government matches what you put in.

I don’t know what you mean by a childs insurance plan, but the only type of insurance product that would be worth while to save for education would be universal Life policy where the investment portion would grow tax sheltered and then can be borrowed tax free out for the education. There are nay-sayers that say that U/L are a waste of money, but often times these people don’t fully understand how they work or use facts from a long time ago when U/L products were not as good as they are now, since it is a very complicated product. I know many people that have used them as an investment vehicle and have made great returns.

To the person that said mutual funds are risky: You are seriously uninformed. There are various types of mutual funds out there and some are very safe and don’t lose money. Also, given that the daughter is 1 month old it will be roughly 18 years before the money is needed…that is a HUGE amount of time to let the markets rise from their current low points. A mutual fund would provide a lower amount of risk than investing in stocks right now becuase they are well diversified.

You’re best bet is to contact a lisensed broker who deals with insurance and investments. They will be able to review your options and make a recommendation that will best help you acheive your goals.

I got great quotes for car and home insurance combined by colorado casualty insurance which is a member of liberty mutual ,any advice and experience with this company?

Reliable usually means, will they have money to pay my claim when claim time rolls around. For that, we go over to www.ambest.com to check the rating. Yes, it’s an A rated company. So they’re financially solvent, and likely admitted to do business in your state.

That’s my definition of reliable.