GEICO Corporation was founded in 1936. Since then, it has become a leading insurance company that offers a variety of insurance coverage, including car insurance, motorcycle insurance, home insurance, life insurance, and renters insurance.
GEICO strongly believes in providing outstanding customer service to its policyholders and strives to give back to communities everywhere.
GEICO's renters insurance covers the basics. Three standard coverages come with every renters policy:
The loss of use and two types of liability coverage are common offerings in the industry. Additionally, GEICO's renters insurance covers personal property and personal liability.
However, customers can change the amount depending on their coverage needs. Keep in mind changing the amounts will affect your insurance cost.
Tenants who want a bit more coverage can browse through GEICO's add-on policies for the following coverage:
If you have valuable personal property, like jewelry, you can use GEICO to purchase personal property coverage for these items separately.
Purchasing additional insurance coverage can offer further protection beyond your renters insurance policy.
GEICO allows you to view insurance rate quotes and coverage options from multiple insurers. This quick ability to comparison shop helps you find the best deals on policies and find a good renters insurance company.
As you look at renters insurance rates, consider the coverage offered. In some cases, it can be worth paying a higher premium for more comprehensive coverage.
GEICO offers several ways to save on renters insurance:
These discounts are common for the industry, which makes GEICO competitive.
Whether you buy a GEICO policy or purchase a policy from another insurer through GEICO, you can manage your insurance policy online.
GEICO's facilitation of communication between policyholders and their insurers makes using GEICO helpful through the research, application, purchase, and use stages.
According to the GEICO website, the company has some of the highest ratings in the industry for financial strength and claims-paying ability. GEICO has earned high financial strength ratings from A.M. Best.
Choose an insurance company with high financial strength because high financial strength ratings indicate an insurer's ability to meet claims obligations.
Insurance companies with lower ratings are more likely to encounter issues paying their clients' claims.
Although GEICO has high financial strength ratings, it does not underwrite every policy it sells. Some of the policies it sells are underwritten by other insurers.
If you apply for an insurance product from another insurer through GEICO, double-check the insurance carrier's financial strength ratings before you become a policyholder.
While GEICO is a well-known brand with a good reputation, it doesn't have many customer reviews on BestCompany.com.
This lack of reviews makes it difficult to make a recommendation based on the customer experience.
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