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Maison Insurance in Baton Rouge
Posted on 1/7/14 at 8:37 pm
Posted on 1/7/14 at 8:37 pm
Anybody here know if this is a decent company to use for homeowners insurance?
LINK /
Formed in 2012, so I'm a little skeptical, but they have the best price.
LINK /
Formed in 2012, so I'm a little skeptical, but they have the best price.
7
Posted on 1/7/14 at 8:51 pm to urinetrouble
Its holding company has a market cap of only $64 million.
Look it up under the stock symbol KFS. Its price closed today at $3.91 which means it is considered a penny stock.
It has lost money every year for the past 4 years.
Be careful.
Look it up under the stock symbol KFS. Its price closed today at $3.91 which means it is considered a penny stock.
It has lost money every year for the past 4 years.
Be careful.
Posted on 1/7/14 at 9:11 pm to LSURussian
Check a.m.best. but you would be covered by the guarantee fund in Louisiana if they go insolvent I believe. Someone confirm this please
Posted on 1/8/14 at 12:52 pm to urinetrouble
I use them. Havent had any issues thus far and their price was way better than everyone else
Posted on 1/8/14 at 1:47 pm to Delacroix
Since they formed in 2012 they are buying their way into the market by offering low rates. More than likely you'll receive some sizeable rate changes in the future which will bring you're premium up to market standard.
Posted on 1/8/14 at 4:33 pm to urinetrouble
Every time I do some comparison shopping on policies I run into the huge discount I get for bundling auto and home with my present insurer and find it's not really worth changing. This company doesn't seem to offer auto insurance, just homeowner's.
Posted on 1/8/14 at 7:01 pm to Mr.Perfect
quote:
Check a.m.best.
Their financial strength rating is NR - not rated.
Seems a bit risky. I don't think I could pull the trigger.
Posted on 1/8/14 at 8:07 pm to Skin
Is there a demotech rating? LIGA backs up $250,000 if the company is insolvent.
Posted on 1/9/14 at 12:34 pm to urinetrouble
They are a takeout company, only here for the tax incentives they receive for depopulating Citizens.
They come in, get a tax break, obtain a lump of Citizens policies, write a bunch of business really cheap, and a make significant profits.
They, nor the other takeout companies, have no intention on being in Louisiana after the next major storm. When that happens you'll be dealing with third party adjusters and claims settlers out of state that are representing a company that is on the verge of collapse.
They are backed by LIGA, so you'll likely get paid if you have a catastrophic claim, but when, how much, and how much stress you'll have to deal with is uncertain.
They come in, get a tax break, obtain a lump of Citizens policies, write a bunch of business really cheap, and a make significant profits.
They, nor the other takeout companies, have no intention on being in Louisiana after the next major storm. When that happens you'll be dealing with third party adjusters and claims settlers out of state that are representing a company that is on the verge of collapse.
They are backed by LIGA, so you'll likely get paid if you have a catastrophic claim, but when, how much, and how much stress you'll have to deal with is uncertain.
Posted on 1/10/14 at 9:47 pm to Slickback
quote:
They are a takeout company, only here for the tax incentives they receive for depopulating Citizens.
They come in, get a tax break, obtain a lump of Citizens policies, write a bunch of business really cheap, and a make significant profits.
They, nor the other takeout companies, have no intention on being in Louisiana after the next major storm. When that happens you'll be dealing with third party adjusters and claims settlers out of state that are representing a company that is on the verge of collapse.
Is this the plan from the start?
Posted on 1/10/14 at 9:55 pm to urinetrouble
Thanks for the advice guys.
One more: anybody know about Family Security Insurance? LINK
Seems like another small group.
I currently use ASI Lloyds and the cost of the policy has increased damn near 50% in a matter of three years.
One more: anybody know about Family Security Insurance? LINK
Seems like another small group.
I currently use ASI Lloyds and the cost of the policy has increased damn near 50% in a matter of three years.
Posted on 3/5/14 at 9:05 pm to urinetrouble
I work with Bourg Insurance in Baton Rouge. I tell my customers and prospects to shop both their home and auto every couple of years. You can never tell what the rates are going to do. One thing to look out for is the deductible increase some companies are taking. If you have over a 2% hurricane deductible, you're better off looking elsewhere. A few are up to 5% or more basically leaving you self insuring your roof.
Urinetrouble: Some of these buyout companies are fine. Most of them reinsure through other AM Best A rated companies, but it's never a bad idea to do a little research. Ask your insurance company what their customer service experience has been with the company. I can easily tell which of our companies are solid and which ones are a little more difficult to deal with.
Urinetrouble: Some of these buyout companies are fine. Most of them reinsure through other AM Best A rated companies, but it's never a bad idea to do a little research. Ask your insurance company what their customer service experience has been with the company. I can easily tell which of our companies are solid and which ones are a little more difficult to deal with.
This post was edited on 3/5/14 at 9:10 pm
Posted on 3/5/14 at 10:39 pm to Cameron Cooke
What exactly does an insurance consultant do?
Posted on 3/6/14 at 8:12 am to Slickback
quote:
They, nor the other takeout companies, have no intention on being in Louisiana after the next major storm. When that happens you'll be dealing with third party adjusters
This happens with every company, even on small storms in many cases...
Posted on 3/6/14 at 8:42 am to urinetrouble
After the last hurricane the wife and I were recommended to The Bierman Group here in Baton Rouge. The coverage and prices have been far better than what we experienced before we used them.
Posted on 5/30/14 at 8:02 pm to urinetrouble
urine, who did you end up going with? We were able to get a quote from Family Security also ... need to check them out. (It's for a home purchase)
Posted on 8/14/14 at 7:00 pm to urinetrouble
Bump. Also recently got a quote with this company that is very low comparative to other companies. The DemoTech rating is A but certainly am a little bit skeptical. Anyone else have experiences with them?
Posted on 8/15/14 at 12:25 am to Bonjourno
I switched to them from Bankers in July. My bankers policy was going to go from 3700 to 5100. Their policy, although not as good, was around 2800. A couple weeks after I got my policy In the mail, I got a cancellation notice effective august 25. The reason given was because a portion of my roof is low sloped. I was also told by an agent that they will cancel you if there are large cracks in your sidewalk as well. I am in the process of getting a new policy with Southern Fidelity. It's around 3400 and includes replacement cost, which the Maison policy did not.
Posted on 8/15/14 at 7:17 am to cdl2006
quote:
It's around 3400 and includes replacement cost
You bought an ACV policy on your dwelling?
Posted on 8/15/14 at 8:26 am to wickowick
quote:
This happens with every company, even on small storms in many cases...
All independent adjusters are terrible.
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