Quote:
Originally Posted by BIC_BAWS
Does anyone have Economical Mutual Insurance as an underwriter? Experiences?
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Not sure if this is the same place you are referring to, but my parents' house uses "Economical Insurance" as the underwriter. They are a bit more expensive compared to other underwriters, but when my parents' place unfortunately got hit by a clogged / backed up sump pit, Economical Insurance took good care of us. The entire process, from assessment, to getting help, to approving our claim, to following up and following through, we really couldn't fault them for anything. They have been fair and reasonable. Our adjuster, Dennis, had been fantastic and extremely professional in every regard whenever we were in contact.
Our entire basement suffered from flood damage. A lot of our belongings were damaged and unrepairable, but a good bunch could be saved. The restoration required the gutting of nearly all the walls. It was distarous. From start to finish, I think the entire process took almost 5 months.
Economical brought on Belfor Property Restoration as their recommended restoration partner, and we accepted the recommendation as others have told us that it is almost always more troublesome to hire an external contractor on our own. Belfor had been very good even though they were not perfect. But really, I can't complain about that. I am happy they were the one that did the restoration work.
Compared to Canadian North Shield, Economical was ~15% more expensive. But because they took good care of us, it was only right that we support them in return.
Of course, YMMV. But according to my insurance agent, Economical is one of the better underwriters to deal with, although they are a bit more pricey as well.