Quote:
Originally Posted by villagetinker
If you have a financial advisor, have them check out this company on AM BEST, my understanding is that they currently do not have a rating. My concern is this is a new company, and they may not have the financial backing to withstand a major storm with lots of damage.
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In Florida, if a company is an admitted insuror state has a back up insurance called FIGA that would pay claims if the company goes belly up. Other category, surplus lines less protection. Purchaser's of insurance need to check this with their agent