Insurance Companies in Lancaster, PA: A Coverage Guide

In the United States, around 9.2% of people don’t have health insurance, while 80% of small businesses don’t have small business insurance.

When life throws unexpected circumstances at you, having insurance can be your saving grace. Whether it be a car wreck, a medical emergency, or a business crisis, it’s crucial to have experienced insurance backing you.

Finding insurance can be difficult, there are many insurance companies in Lancaster, PA and you may not know how to choose the right one. Well, there are several factors you need to consider and be on the lookout for. Don’t sit back and wait until something terrible happens, because it might be too late.

Take action now. The first step is reading this article. Below, you’ll find everything you need to know about insurance shopping.

Reputation

When you’re searching around for the best insurance coverage, be sure to consider the company’s reputation. A simple google search can tell you if they’ve been in any public scandals or if there are damaging accusations flying around.

It’s highly unlikely that you’ll find a company that doesn’t have any bad customer reviews, so don’t put too much weight on those. However, they can come in handy, and if the majority are positive, that’s a good sign.

You can also learn a lot by looking at their website. Their mission statement, company history, and their team should all be listed on their site for you to check out. If there’s any information missing, be sure to call and ask.

Coverage

You may need insurance for several different areas. It can make life much easier if you can get all areas covered by the same company.

For example, if you need auto, homeowners, and business insurance, you should consider companies that offer all three. That way you won’t have to deal with multiple agents; everything will be more organized and simple.

Know before you start your research which types of insurance coverage you need. Some companies only offer limited services.

Price

Price isn’t everything, but it will play a role in your decision-making. A higher price usually means more coverage. However, when you’re comparing quotes from different insurance companies in Lancaster, PA, it’s important to look at the price breakdown.

If one quote is much higher or if you get a really low one, you’ll want to ask for more details. You wouldn’t want to opt for the lower insurance quote only to find out later, you aren’t completely covered.

You should also inquire about deals that the company may have. For example, many offer discounts if you have multiple cars or a new or updated home. If you have a student driver, you can also ask about good-grade discounts.

Services Offered

Working with an insurance agent, shouldn’t be frustrating or difficult. When you need to file a claim, it typically means something went wrong, which is never ideal, but communicating with your insurance company shouldn’t cause you any extra stress.

Look for services such as 24/7 customer service, online payment options, and online claim reporting. Pay attention to how long it takes the agent to get back to you when you have questions. If you’re inquiring about doing business with the company and it takes them several days to respond, it’s best to continue your search.

Financial Strength

Financial strength is one of the most important aspects that you need to consider. You invest in insurance for protection, but what if you submit a claim and the company is unable to pay because they don’t have the money?

You lose out on a lot, which is not what you want to happen. Choosing a company that has been going strong for years is the best place to go. An independent insurance agency that works with other companies will not only be able to provide you with options, but they will be financially secure and strong.

Comfortability

You should never feel pressured by any insurance company or agent. You should feel comfortable doing business and signing up with them. Make sure you feel confident that they are going to provide you with the best service possible.

Referrals

It’s beneficial to talk to your friends and family about insurance companies that they use too. If you’re looking for small business insurance, take the time to reach out to other owners in your area. Talk to them about their experience and who they recommend or don’t suggest.

Ask Questions

Don’t shy away from asking questions; the answers you receive can give you a lot of insight into the company. Ask about the different processes and what you can expect if you have to file a claim.

A timeline can help set expectations for the future. Be sure to know exactly how to file a claim and the fastest way to get in contact with an agent if needed.

Another important question to ask is about licensing. Find a company that is licensed in PA, this way you can reach out to the state department for backup in case something goes wrong.