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re: Homeowners Insurance Question - Centauri

Posted on 11/10/22 at 3:55 pm to
Posted by bluemoons
the marsh
Member since Oct 2012
5523 posts
Posted on 11/10/22 at 3:55 pm to
Interesting, because I just received a Centauri quote that was significantly higher than others I got. Wound up going with Allstate. I'd recommend reaching out to them.

I don't know anything about Centauri's stability, but here is their Demotech rating: LINK /

For whatever reason, I can't pull them up on A.M. Best.
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41738 posts
Posted on 11/10/22 at 11:07 pm to
quote:

I don't know anything about Centauri's stability, but here is their Demotech rating: LINK / For whatever reason, I can't pull them up on A.M. Best.

That’s because companies that rely almost exclusively on reinsurance in order to pay claims are rated by Demotech. Those companies can’t meet eligibility criteria to be rated by AM Best because they don’t meet the financial requirements. This means that even A-rated Demotech companies are still subpar (in my opinion). Are there decent Demotech companies? Sure, but I wouldn’t want to have to trust my home to one if I didn’t have to. The problem in south Louisiana is that most of what you’re gonna get nowadays is Demotech companies.
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