 |
 |
 |
 |
 |
|
|
| Please click one of the following questions to see the answer or ask a question here. |
Questions:
• Why Gold Mountain versus Insurance Mutuals, like State Farm, Allstate, and Farmers?
• Why choose Gold Mountain versus a director writer, like Geico, for example?
|
| |
Why Gold Mountain versus Insurance Mutuals, like State Farm, Allstate, and Farmers?
A: A mutual insurance company is one whose capital is owned by its policyholders.
In the case of State Farm and Allstate, these two mutually owned insurance companies control approximately 1 out of of every 3 automobile policies written in America.
In order to accomplish this, they have captive agents operate out of local offices while offering insurance to a broad range of drivers, from the safest to some of the riskiest.
In this regard, the benefit to their policyholders is DILUTED, basically NEGATING the ADVANTAGES of a "mutually" owned company that might or might not pay dividends to their policyholders.
Devastating losses are playing out in a surreal way for them as of September, 2005. State Farm and Allstate's property and automobile insurance companies will be experiencing the adverse effects from Hurricane Katrina in New Orleans, and elsewhere. These losses will be passed onto current and future policyholders in one way or another.
On the other hand, companies like The Hartford, for example, who sell insurance through Gold Mountain Insurance Services, Inc., and other independent agents, pay a portion of their premiums called commission to their independent agents.
At Gold Mountain Insurance Services, our independent agents can be a wealth of information on deals in your market, and if you have a troubled record, our agents can sometimes be the best way to find coverage at a reasonable rate.
We like to refer to our ability to search the marketplace, as the "fresh look" concept. At any snapshot in time, our search comes up with the most "cost effective," fresh insurance companies.
Some examples: You can be the right sort of risk — a nonsmoker in your 40s with a clean driving record, two cars and a home you own — and lose out because you share that home with a teenager. Many companies will refuse to add a teenager to the parents' policy.
In order to get out of the business, some companies will simply quadruple the rates for teens if they're the principal user of the car. Our knowledgeable agents at Gold Mountain Insurance know the markets, and can help you find a better deal.
If you live in smaller rural areas, you may be better off with a local mutual company.
However, for most people who live in largely populated, dense areas, choosing an entity like Gold Mountain Insurance Services Inc., in order to search out the "mass market" of carriers vying for your business, is majorily the best alternative, especially in the "commoditized" insurance market that is being experienced in America today.
|
Why choose Gold Mountain versus a director writer, like Geico, for example?
A: At Gold Mountain Insurance Services, our agents are not employees of, nor controlled by, insurance companies like Geico, or other direct writers. Most importantly, when looking for various quotes, we can offer hundreds of quotes from multiple insurance companies because we represent and are appointed by the majority of the carriers. Allstate, Farmers, StateFarm and Auto Club AAA can only offer one quote , their own. As you can see, this is a major market advantage Gold Mountain Insurance Services offers and extends to our clients. |
|
 |
 |
 |
 |
|
|
 |
