Countrywide homeowners insurance info.?
Does anyone know where I can find reviews/ratings on countrywide insurance?
I cant seem to find anything but the countrywide site and I want to hear what real customers have to say about their experience with the company.
The only reviews I can find are on the loans, not the insurance.
Thanks in advance.
mbrcatz: then what is this site all about?
http://insurance.countrywide.com/pages/cishomepage.aspx?redirectpage=Homeowners_TheBasics
The mortgage is not through countrywide. I just want to know if they are reliable or not. Can ANYONE just answer that question?
Countrywide Financial Corporation, Countrywide Bank, FSB owns a subsidiary, Countrywide Insurance Services, Inc. Countrywide Insurance Services, Inc. is an independent insurance agency which is licensed to sell insurance in several states. They are an agency not a company. If you purchased insurance through them they would be acting as your agent and you would be insured by another "company". Therefore, you would have to check the ratings of the company they are offering to place your insurance with.
Even though they might be handling your mortgage, you are not required to purchase your insurance through them. There can also be cases where there are issues involving a claim where you will need your mortgage company to go to bat with your insurance company–do you think they will represent your best interests if they happen to handle both ends of the transaction? You can choose to purchase your insurance through another agent or company. Frankly in my personal opinion I would never purchase homeowners or any other type of insurance through my bank or my mortgage company. In fact part of our financial mess today is as a result of laws that were passed enabling the blurring of the lines between banks, investment houses and insurance.
My humble suggestion find a local independent agent in your neighborhood who will have no other interest in your account other than giving you good service.
I hope this helps. Good Luck!
July 17th, 2010 at 2:32 am
You can check with the Department of Insurance in your state. A link is below. Just click on your state.
References :
https://www.aipso.com/links.asp
July 17th, 2010 at 3:10 am
The only Countrywide Insurance, is a life insurance company that operates in the United Kingdom. Here in the USA, Countrywide is a BANK, not INSURANCE company. They don’t sell insurance here in the USA.
**That is an AGENCY. The name of the agency is, "Countrywide Insurance Services". They say, we are an agency. An agency, sells other companys’ policies. There is a website – http://www.ambest.com – which lists EVERY SINGLE INSURANCE COMPANY (and banks) licensed in the entire USA, and quite a few outside of the USA. I typed in "countrywide". There is no "countrywide" insurance COMPANY in the USA, according to AM Best.**
References :
July 17th, 2010 at 3:35 am
Countrywide Financial Corporation, Countrywide Bank, FSB owns a subsidiary, Countrywide Insurance Services, Inc. Countrywide Insurance Services, Inc. is an independent insurance agency which is licensed to sell insurance in several states. They are an agency not a company. If you purchased insurance through them they would be acting as your agent and you would be insured by another "company". Therefore, you would have to check the ratings of the company they are offering to place your insurance with.
Even though they might be handling your mortgage, you are not required to purchase your insurance through them. There can also be cases where there are issues involving a claim where you will need your mortgage company to go to bat with your insurance company–do you think they will represent your best interests if they happen to handle both ends of the transaction? You can choose to purchase your insurance through another agent or company. Frankly in my personal opinion I would never purchase homeowners or any other type of insurance through my bank or my mortgage company. In fact part of our financial mess today is as a result of laws that were passed enabling the blurring of the lines between banks, investment houses and insurance.
My humble suggestion find a local independent agent in your neighborhood who will have no other interest in your account other than giving you good service.
I hope this helps. Good Luck!
References :
Certified Insurance Counselor, Licensed Insurance Agent & Broker for over 29 years.