|
Frequently Asked Questions
About The GMAC Insurance Homeowners
Program*
Q. Who are
you?
A. The GMAC Insurance Homeowners Program was formed in 2000
through a long term partnership between GMAC Insurnace and Homesite
Insurance. Homesite is a national provider of home insurance products.
The partnership calls for Homesite to be the exclusive underwriter
of homeowners insurance for GMAC’s direct auto and home insurance
customer base including, General Motors employees and retirees in
the U.S., the members of GMAC Insurance’s affinity and worksite
relationships, and all other GMAC Insurance direct marketing
initiatives. We focus on the
needs of homeowners, renters, and condominium owners. It’s all we do. Our commitment to you gives
us the ability to tailor all aspects of our operations to your
needs, resulting in greater efficiency and improved customer
service. We understand your needs, and we have the resources to
make our expertise work for you.
Q. How long have you been in
business?
A. Homesite Insurance was founded in 1997 and began selling
policies in mid-1999.
Focusing exclusively on the
homeowners market, Homesite has concentrated on addressing problems
long associated with the homeowners insurance business: high fixed costs, limited
distribution channels, and minimal technological innovation.
Homesite continues to bring cutting-edge technology, innovative
marketing and distribution strategies, and expertise in catastrophe
management to the home insurance business. As a result, Homesite can provide consumers across the
country with quality insurance products and outstanding customer
service.
Q. What is your
financial rating?
A. Homesite has
received an initial rating of 'A' (Exceptional) from Ohio-based
Demotech. This Financial Stability Rating® indicates that
Homesite's balance sheet reflects excellent liquidity, an acceptable
level of financial leverage as measured by total liabilities to
statutory net worth and a balanced portfolio of insurance products.
Demotech is a national independent actuarial service firm that rates
the financial stability of all P&C insurance providers within
the United States. Demotech’s Financial Stability Analysis Model,
which determines the financial stability of P&C insurers, has
been accepted by the Federal National Mortgage Association (Fannie
Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac),
since 1989. For further information about our financial stability,
please contact Demotech directly at (614) 761-8602, or visit their
website at www.demotech.com
for more information.
Q. Why is the GMAC Insurance Homeowners Program the
smart choice for my insurance needs?
A. Our goal is to provide quality service and products at
competitive prices. Customers can enjoy a full array of discounts, including
discounts for new homeowners and retirees. Homesite also provides
discounts to consumers who have safety and protective devices such
as fire and burglar alarms, sprinkler systems, and dead bolts
installed in their homes.
Q. Can I speak to a home insurance
representative about my home insurance needs?
A. Yes, our team of
licensed Insurance Specialists will work with you every step of the
way, making sure you get the right policy for your unique needs.
Contact an Insurance Specialist at 1-866-675-3669 and get
personalized assistance with:
- Determining
the right amount of coverage needed to rebuild your home and
replace your valuables if they are ever damaged or
stolen.
- Custom-designing a policy with the options and features you
want and need.
- Determining
your eligibility for special discounts, like our new homeowner and
home security discounts, for additional savings on your
coverage.
Our licensed Insurance Specialists
are available to provide you with a free home replacement cost
analysis, free no obligation quotes or to answer any of
your questions.
*The GMAC Insurance Homeowners Program is underwritten by
member companies of the Homesite Insurance group, a leading provider
of homeowners, renters and condominium insurance. Member companies
include: Homesite Insurance Company, Homesite Indemnity Company,
Homesite Insurance Company of California, Homesite Insurance Company
of Florida, Homesite Insurance Company of Illinois, Homesite
Insurance Company of the Midwest, Homesite Insurance Company of New
York, Homesite Insurance Company of Pennsylvania, and Homesite
Lloyd's of Texas.
back
|
