INScompanies Blog

Shelter Insurance Companies is lowering rates for automobile insurance for the majority of policyholders.

The size of the decrease for individual customers will vary by state and is based on policy coverages, geography, and the individual’s profile and loss experience. Customers who carry collision and comprehensive coverages will see the largest rate decreases.

The rate reduction is due in part to improved company performance during the past three years.

Shelter has introduced rate reductions in Arkansas, Colorado, Indiana, Iowa, Kansas, Kentucky, Louisiana, Missouri,Nebraska, Oklahoma, Tennessee, Mississippi and Illinois.

Shelter’s strong financial position will allow for the rate reduction while retaining the appropriate levels of premium reserves adequate to pay current claims and generate surplus dollars that can pay future claims from major storms or other disasters.

“We are continually attempting to fulfill our mission as a mutual insurance company responsible to the greater good of all customers,” said Don Duello, chairman of the board and CEO. “This means consistently attempting to provide the lowest possible rates and the best service in the industry.”

Shelter Insurance Companies is a multiple-lines insurance group with more than 3,260 licensed agents and claims representatives in 13 midwestern and southern states. The firm’s Home Office is in Columbia, Mo. Shelter is rated “A” Excellent by AM Best and Api by Standard & Poors.

Posting Date: 02/06/2006

Many of us consider our home our most important investment, both in terms of our budget and our time. It’s a good idea to work with your Shelter Insuranceâ agent to make sure that you’ve got the right coverage for your home and your belongings. Shelter’s homeowners insurance comes with the added benefit of including liability coverage, as well as optional coverage for special collections, jewelry and other hazards not specifically listed in your policy.

There are two steps you can take to help better protect your home. First, do a comprehensive home inventory. There are free software products available on the Internet that will help you with this inventory, including one from the Insurance Information Institute. This not-for-profit group helps share information about the insurance industry and offers this free software at a website called www.knowyourstuff.org. Having this detailed list and estimated value of your belongings will be a great asset should they be destroyed or stolen. It’s a good idea to keep one copy at home and then send another copy to a friend or relative’s home in case of a total loss.

The second step is to schedule an annual insurance protection review with your Shelter agent. During these reviews, you can discuss your current insurance coverage. You can update that coverage to reflect any improvements you’ve made to your home such as a new addition or if you’ve had an elderly parent move in with you.

Start the New Year off with a resolution to contact your Shelter Insuranceâ agent and schedule your insurance protection review. This is a free service we offer, so set your appointment and bring all of your questions in. Best wishes for a terrific 2006.

Posting Date: 02/01/2006
Ending Date: 05/01/2006