Cincinnati Insurance Homeowner s Policy Review

By Janet Hunt. Insurance Company Reviews Expert

Janet Hunt has been working in the insurance industry for over 15 years. She began her career as a customer service representative for a well-known insurance carrier.

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Cincinnati Insurance Company was founded in 1950 by four independent agents. The company is firmly rooted in its independent agent system with a network of independent agents in 39 states. The company is headquartered in Fairfield, Ohio and has over 3,000 employees nationwide. The CEO is Steven J. Johnston.

Financial Strength and Customer Satisfaction

A.M. Best has placed the financial strength ratings of Cincinnati Insurance as A (Superior). Fitch Ratings gives Cincinnati Insurance as A , Moody’s as A1 (Good) and Standard Poor’s gives the company an A (Strong) rating.

J.D Power Associates rated Cincinnati Insurance as a top performer in the area of overall customer satisfaction.

Homeowner s Policy

Cincinnati Insurance offers a variety of policy choices with its homeowner’s policy. In addition, you can also choose a condominium or tenants policy if needed. For all homeowner’s policies earthquake coverage is included (with the exception of Oregon). Golf carts are also covered on all policies. Here are the types of homeowner’s policies available:

• Executive Policy. The executive policy allows you to customize your coverage to fit your own unique living situation. The policy provides coverage for your home and other structures, personal property, legal liability for bodily injury or property damage to others and additional living expenses if you have to temporarily relocate because of a covered loss.

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• Executive Classic Policy. The executive classic policy is for homes of high-value. You get the same coverage as the executive policy with some additional benefits. This policy will pay for a survey to be completed to establish the cost of reconstructing your home at today’s prices. You will also get your home rebuilt using materials of the same construction as your current building materials. There is no deductible for depreciation of contents. If someone fraudulently uses your identity, you have $25,000 available to cover legal expenses, paperwork and other expenses for restoring your credit. The executive classic homeowner’s policy will also cover water losses caused by back-up of sewers or drains.

Additional Coverage

There are some additional types of coverage you can add to your homeowner’s policy including: