I am going to build a new home in Brevard County, Melbourne area or over on the barrier island (Satellite Beach, Indian Harbor Beach, Indialantic or Melbourne Beach). Everybody I talk to say to get insurance with a company with an "A" Rating what does this mean?

After a detailed analysis of insurers financial situation companies, such as Demotech, assign a letter rating based on the financial stability of each individual company.

For Example:

A" (A Double Prime) P&C insurers earning an FSR of A" (A Double Prime) have Unsurpassed ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels.

A’ (A Prime) P&C insurers earning an FSR of A’ (A Prime) have Unsurpassed ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels.

The distinction between an FSR of A" and A’ may be related to the magnitude of policyholders’ surplus, market share, national presence or other objective determinants.

A P&C insurers earning an FSR of A have Exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels.

Our Melbourne Home Insurance Agency is centrally located in Brevard County, enabling us to locally serve Viera, Cocoa Beach and Palm Bay.

Questions And Answers about Florida Insurance

TERMS AND CONDITIONS OF USE

Information contained within this site is the property of Hoffman and Associates Insurance Company and is provided for consumers looking to purchase insurance. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is required. Please contact Hoffman Insurance Company at 321-751-2511 before making any purchase decisions based on information contained on this web site to check for validity. This content is copyrighted by Hoffman and Associates Insurance Company and will bring legal action on to anyone who copies the information contained here.