American Modern Insurance Wiki | Reviews | Claims | Quotes | Rating

American Modern Insurance Wiki | Reviews | Claims | Quotes | Rating:  Hello…Folks in this article I’m going to talk about one of the most popular choices in the field of insurance i.e American Modern.

So, if you are planning or puzzled whether to purchase insurance from American Modern or not?

Then this article is surely for you…

So, Keep reading ahead American Modern Insurance Wiki | Reviews | Claims | Quotes | Rating.

American Modern Insurance Wiki

American Modern Insurance is an American Modern Insurance brand and is the holding company for the number of subsidiary property and casualty insurance companies.

They provide special products for owners of a variety of speciality dwellings such as seasonal homes and mobile homes, and a collectable or recreational vehicle such as watercraft, snowmobiles, and motorcycles & more.

They even provide travel and pet insurance.

Among its company is American Family Home Insurance Company, but it is not affiliated with any mutual insurance company American Family Insurance.

History

Now, talking about the history of the company The group’s primary insurance was founded in 1965.

But it all started in 1938 when Midland discount corporation was founded in Cincinnati as an automobile financing company. automobile financing company during the time when the United States was working its way out of the Great Depression.

In 1949, Midland identified an emerging market in the mobile home industry and became one of the first company to specialize in the mobile finance business at both the retail and wholesale sector.

In February 1961, Midland made an initial public offering of stock to help finance expansion.

In 1965, it entered the manufactured home insurance marketplace with the establishment of Morden Home Insurance company and American family Home Insurance company, which remain to this day as the primary subsidiaries of American Morden Insurance group.

In 1990, Midland’s insurance subsidiary, American Morden Insurance group, began an important diversification into lines of beyond manufactured homes, starting with the watercraft insurance and then collector vehicle insurance a few years later.

The company expanded into the motorcycle, ATV and snowmobile markets in 2000 with purchase of guide of one Motorsport’s book of business.

In 2008, Midland and its subsidiary were purchased by Munich Re, an international company with over 47000 employees they have a business in over more than 40 countries.

Products

The company offers a wide variety of insurance products like:

  • Collector Car
  • Boat
  • Motor Cycle
  • ATV & UTV
  • Snowmobile
  • Commercial Auto Rental
  • Yacht
  • PWC
  • Pet
  • Landlord
  • Vacation Home
  • Vacant Property
  • Full-time Home
  • Mobile Home

 

Quotes

As I have already told you about their product.

You can easily place your quote with the company you’ll simply need to contact them via mail or you can simply call them at 866-484-BOAT (2628).

You need to tell your requirements and according to that, they’ll provide the suggest quote for you.

American Modern Insurance Reviews


Well, by now I have told you a lot about American Modern Insurance, but now the question arises is it actually worth?

In nutshell, American Modern Insurance is an American Modern Insurance brand, is the holding company for the number of subsidiary property and casualty insurance companies.

They provide speciality products for owners of a variety of speciality dwellings such as seasonal homes and mobile homes, and a collectable or recreational vehicle such as watercraft, snowmobiles, and motorcycles.

According to my research, I found that the company overall rating is average for its customer service.

The company has a rating of 1.17 from NAIC, which means the company has an average performance in processing & paying out claims.

But, let me clear you this it doesn’t indicate that this company is bad or average.

Infact, The Smaller & other small niche companies are known for having a poor record in processing & paying out claims.

Good news is that the company has received an A+ rating from A.M Best, which means the company has strong financial practices and that customer should not be concerned or afraid about the company’s ability to payout the future claims.

In case you don’t know what is A.M Best, it is an independent opinion of financial strength and ability to meet it’s ongoing insurance policies & obligations.

Now, let’s talk about company Pros & cons.

Pros:

  • It is one of the oldest and Trusted Insurance companies.
  • They have an excellent Financial rating. They have an A+ from A.M Best, which indicates they have strong financial practices.
  • Customer support is excellent.

Cons:

  • Annual Premium Cost of American Morden Insurance is higher than any other companies.

Overall

If we evaluate the pros and cons of the company this company is pretty good but the only problem is the annual rates provided by them.

The They have an A+ from A.M Best, which indicates they have strong financial practices so, yes, it’s a good company.

Rating

8.5/10

Winding Up

I have told almost everything about American Modern Insurance.

By now you must have understood the concept of American Modern Insurance Wiki, American Modern Insurance Reviews, American Modern Insurance Claims, American Modern Insurance Quotes, American Modern Insurance Rating.

I hope this article was helpful to you but if still, any question persists feel to ask via comment or check down the FAQ section below.

 

Source: Ambetter Insurance Company Reviews | Wiki | Florida | Plans | Claims

FAQ

1. Who owns American Modern Insurance?

Ans:   Munich Rae

2. How much is American Family Insurance Worth?

Ans: The assets of American Family Insurance is worth over $10 Billion.

3. Is American Family Insurance Legit?

Ans: Yes, It’s 100% Legit. In fact, the company has received an A+ rating from A.M Best, which means the company has strong financial practices and that customer should not be concerned about the company’s ability to payout the future claims.

4. How do I cancel American Modern Insurance?

Ans: You can cancel it by clicking on the policy number to access it and click on Click on Cancel policy from the actions menu.

5.  Is American Modern Insurance Good?

Ans: The Company has 1.17 NAIC ratings plus it has received an A+ rating from A.M Best which means it is financially strong & has the ability to payout the future claims. So, yes it’s good company.

6. When was American Morden Insurance Established?

Ans: The group’s primary insurance was founded in 1965.

In 1965, it entered the manufactured home insurance marketplace with the establishment of Morden Home Insurance company and American family Home Insurance company, which remain to this day as the primary subsidiaries of American Morden Insurance group.

7. How Can I contact American Modern Home Insurance? 

Ans: You can contact them via:[email protected] or call them at OH 45201-5323.

I hope this article was really helpful I have tried my best but still, if any problem persists you can comment below…

Read Next: Hiscox Insurance Wiki | Reviews | Ratings | Claims | Quotes

 

Was this post helpful to you?
Sending
User Review
5 (1 vote)

Subham Sahuwala

Hello, Everyone, I am Subham and I am an Online Entrepreneur & Blogger Since 2015. I did have a Keen Interest in Finance Industry. So I decided to write Blog for you and I hope you'll are loving it. If you've any questions you can ask me at [email protected]

One thought on “American Modern Insurance Wiki | Reviews | Claims | Quotes | Rating

Leave a Reply

Your email address will not be published. Required fields are marked *