Introducing Geico Insurance
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Posted by Insurance Advice on November 20th, 2007 at 08:21pm
Geico Insurance is one of the leading insurance companies in the United States that crossed the 5 million policyholder mark way back in 2002. As of 2007, Geico Insurance has more than 8 million policyholders.
The foundation for Geico Insurance was laid by Leo Goodwin in the mid 1930’s when the great depression was at its peak. One of the most important moments in the history of Geico Insurance is the joining of Warren Buffet, who is regarded as one of the richest men in the world today. Warren Buffet purchased his first Geico Stock in 1948 and since then Geico Insurance has never looked back.
Today Geico Insurance is the largest auto insurance company in Maryland, New York, Hawaii and the District of Columbia. There are almost 23,000 associates who work from 12 major locations in the United States. The total assets have climbed to $21.9 billion from $13 million in 1966. Today Geico Insurance can be summed up in three phrases:
- Excellent coverage
- Low prices
- Outstanding customer service
According to the company, they offer extremely competitive rates as well as discounts, which will help you to save around 15% on the premiums. Apart from this, Geico Insurance also provides the following on auto insurance:
- Multi-car discounts: If you take insurance for more than one car then you can avail of a good discount
- If you car has air bags and different safety features then you can avail of their various auto insurance discounts
- Geico Insurance has more than 250 organizations as their partners. If you are a member of any of the 250 organizations then you will automatically qualify for a discount
Geico auto insurance provides cover for cars, motorcycles, RV and ATV’s. A wholly-owned subsidiary of Berkshire Hathaway, Inc, Geico insurance provides different types of policies with different time periods and different benefits. Some of the policies include the 4-Pay Geico insurance policy, the 6-Pay Geico insurance policy, the 9-pay insurance policy, the 12-pay etc.
Geico insurance also provides homeowners insurance, renters insurance, condo/co-op Insurance, flood insurance, mobile home insurance, overseas insurance and life insurance etc. The standard home insurance policy by Geico will cover your home (the physical structure), any kind of permanent structures within your property, and any personal property that is a part of your home. Some of their home insurance policies also provide limited amount of cover for valuables inside your home like jewelry etc.
One of the Geico insurance trademark policies is their umbrella insurance policy under which you can have different types of policies like home, car and boat insurance. They also provide personal umbrella insurance policies with covers varying from $1 million to $10 million.
You can visit their website for a free quote and also help you to understand an insurance company that has always stood apart from the crowd.
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