United Fire Group Inc Review 2019: United Fire Group, Inc., through with its subsidiaries, provides property and casualty(P&C) insurance for individuals and businesses in the United States.
The company offers commercial and personal property and casualty insurance also assumed reinsurance products. Its commercial policies include fire, other liability, automobile, workers’ compensation, and surety coverage. Personal P&C insurance includes automobile, fire and allied lines coverage, including homeowners.
United Fire Group Inc Review 2019
Business insurance – UFG provides business insurance through various products. It is primarily focused on the commercial business and also has an inland marine insurance line. It offers contractors error and omission insurance. UFG also provides commercial umbrella insurance which covers multiple aspects of the business including theft and damage to property.
ARTISANPRO – This is a plan that was designed particularly for artisan contractors such as plumbers, electricians, and other skilled specialists. This insurance plan covers property and liability plans for contractors. The contractors can also choose to protect their income for a year.
GARAGE-PRO – This insurance policy is specially designed to benefit and protect garage owners. This policy covers losses occurring from the repair of vehicles and transmissions. The policy also covers crime and theft. Property damage cover is also offered for a charge.
PREMIER PRO – This is a policy designed for small businesses. This allows the business owner to comb multiple P&C insurances into one policy to suit their business needs. This has been offered all over the country and inland marine insurance is also provided in areas where it is applicable.
Personal Auto Insurance – The Company provides insurance on automobiles through various policies and has multiple cover options. The policy can also include 24-hour roadside assistance for an added charge on the policy. The company covers all types of road vehicles.
Homeowner insurance – UFG offers insurance protection for all residential properties from first apartments to starter condos to forever houses. The insurance policy covers both rented and owned properties. UFG also provides special policies to cover custom built houses to cover the entire property.
Umbrella insurance – This is a special insurance add-on for UFG policies that covers the policyholders against unusual liabilities up to 5 million dollars. These clauses are generally not covered under the P&C insurances. UFG makes a point in calling this an umbrella policy because that is exactly how this policy works. The policy covers the owner for liabilities not covered by any other policies.
Growth – The company has grown exceptionally in the last 50 years. Its history can be traced back 75 years but in recent year, it has gained many accolades. It has crossed the 1 billion-dollar revenues threshold. It has been acknowledged by Forbes magazine as one of USA’s 50 most trustworthy financial institutions five years in a row.
The United Fire Group, Inc. is one of America’s best insurance providers in the P&C sectors. It takes care of its customers and makes sure the investors are as happy as the customers. The company has traded on the NASDAQ for more than 30 years and has grown steadily over the years.