selective insurance reviews
Welcome to our blog, find there the best selective insurance reviews.
Consider the positives and negatives of each insurance company before choosing one. When you’re in a bind and need to use your insurance, factors such as types of coverage, how to make a claim, and how to contact the company can make all the difference.
You might find what you need at Selective Insurance, which provides personal and commercial insurance for auto, home, business, and flood insurance. Selective Insurance reviews, pricing information, and how you can contact and claim with them will all be covered in this review. You can then determine if Selective Insurance is a good fit for you efficiently and correctly.
The Selective Insurance program is available in 25 states and the District of Columbia. Daniel L.B. Smith founded it in Branchville, New Jersey, in 1926 after becoming dissatisfied with local insurance companies. Smith set up Selective Risks Insurance Company with an initial investment of $20,000.
By 1946, the Selective Insurance company had 45,000 policies from 25,000 policyholders across eight states. To keep up with the growth of technology, Selective Insurance added new types of insurance, and in 1986 changed its name to Selective Insurance Company of America.
Currently, Selective Insurance operates in 15 states for personal coverage and 25 states for business coverage, including: AZ, CO, CT, DE, GA, IL, IN, IA, KY, MD, MA, MI, MN, MO, NH, NJ, NY, NC, OH, PA, RI, SC, TN, VA, WI, and the District of Columbia.
Reviews of Select Insurance indicate a high level of financial strength, such as an A+ rating from A.M. Best, an A rating from Standard & Poor’s, a financial strength rating of A2 from Moody’s, as well as another A+ rating from Fitch. Also, Selective Insurance has managed to maintain a financial strength rating of A or better from A.M. Best for over 90 years, making it unlikely that Selective Insurance’s rating will decline in the future.
They also report that as of late 2020, they had a strong capital base of $2.7 billion and a debt-to-capital ratio of 16.7%. In addition, they manage an investment portfolio of $7.5 billion with an average fixed income portfolio rating of A+, demonstrating a high level of financial stability.
A number of subsidiaries and affiliates of Selective Insurance are also present. There are many Selective Insurance subsidiaries, including Selective Insurance Company of New York, Selective Insurance Company of South Carolina, Selective Insurance Company of the Southeast, Selective Fire and Casualty Insurance Company, and Selective Auto Insurance Company of New Jersey.
In general, Selective Insurance is a well-established and trustworthy company with years of experience, consistently rated highly for financial stability by different companies. Various methods are available to make claims all day, every day. There is, however, a state-based limit, as they do not provide nationwide coverage. selective insurance reviews.
With Select Insurance, you can choose from a wide range of personal and business insurance options. Among the personal coverage options are:
- Insurance for personal vehicles
- Insurance for homeowners
- Insurance for rental properties
- Condominiums / townhomes
- Commercial umbrella policy
- coverage for flooding
In terms of business insurance, they offer:
- Policy for Business Owners
- Coverage for Cyber Liability
- Products Recalls
- Managed Liability
- Errors and Omissions
- for Commercial Flooding
They also offer a wide variety of different types of insurance that can be used by a variety of different companies, including:
- Service to the Aging
- Automobile Care and Service
- Early Learning and Child Care
- Community Organizations and Clubs
- Commercial Property
- Emergency Services
- Exceeding and Surplus Lines
- in the Golf Industry
- School Private
- Business Offices
- Food Services
- Senior Living Facilities
- Service Businesses
- Social Service Organizations
Selective Insurance specializes in flood insurance – they provide flood insurance guides to simplify the process of claiming flood damage.
Support for Customers
It’s frustrating when you’re unable to reach your insurance company during an emergency. The Business Intelligence Group recognized Selective Insurance with an Excellence in Customer Service Award in 2021, showing a reliable and effective customer service team.
Selective Insurance has a form on their website that sends an email when completed for issues that do not claim. Additionally, you can contact Selective Insurance’s phone number, although there are different numbers for different districts in the US.
The Better Business Bureau has not accredited Selective Insurance, and it has a score of just 1.33 out of 5. Additionally, they have closed 15 complaints in the last three years, with seven of those in the past year. There seems to be a disagreement about what is and isn’t insured, so you should read and establish the terms of your insurance agreement carefully.
Selective Insurance: How to Make a Claim
Selective Insurance’s website provides a secure portal for customers and those affected by customers to file car insurance claims. The sophisticated design guides users through several questions to help them understand the nature of their claim and create a report. As soon as a claim is submitted, a member of the Selective Insurance team contacts the individual, either by phone or email. Users can also contact the service center to speak with a representative one-on-one when filing a claim.
selective insurance reviews – TOP 10
“Selective is a nice company to work with and they gave me great pricing. Flexible payment options. Hopefully I’ll never need them but I’ve heard they are good with claims too”
“Highly recommend reading the reviews with claims vs the reviews offering only information on great prices on bundles. The reviews on their pricing are all stellar, however, the reviews on claims are horrible. Every single review I read on 3 different sites says they are horrible about paying out on claims or reimbursing on towing fees, etc.. Company must be owned by Warren Buffet. Our agent is always out of the office when we call and we have to talk to an assistant who often says our question isn’t answered by her and we have to wait for someone to call us back. By often I would say 9 of the 12 calls we have made over the years we had to wait for someone to get back to us. When we had roof damage they charged us to have a claims agent come out and look at the roof. They do not cover basic wear and tear which sounds fair, but, somehow they don’t cover golf ball sized hail pocks, missing shingles, or damage gutters either. I would have to say this is the worst company out there for paying out on claims. Who cares how great the rates are if they don’t pay out on claims. My advice would be to spend a couple extra dollars and get a company that will be reasonable and fair on claims.”
“The benefits are easy to explain and the prices are fair. I feel good knowing that my new home is insurance and backed by this company.”
“Company was overall OK. My one issue with them was their harshness when it came to quarterly payments. They refused to grat even a small grace period of a day or two, when I was expecting the funds to be available within that time frame”
“Very easy to work with and offer many discounts. Ive never had a claim but my rates are amazing for both home and auto.”
“Was formerly with a very well known company for years. Once my policy doubled in premium for the same coverage I switched. My Selective policy was half the cost for the same coverage.”
“their prices are competitive and I am able to pay online….but their website could use some revamping.”
“Selective has the benefits of a large company with a small company feel. They offer comprehensive coverage at a fair price with great customer service. I highly recommend this company!”
“I have had no major problems with this company. I had to go through a broker, because my roof isn’t new. They had no problem insuring me.”
“Full coverage for a very reasonable price…switched to Selective when my prior carrier doubled the premium for the same coverage”