Philadelphia Contributionship Insurance Company
in Flood Insurance from The Philadelphia ContributionshipUnaffiliated
Philadelphia Contributionship Insurance CompanyUnaffiliated
in Flood Insurance from The Philadelphia Contributionship
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Philadelphia Contributionship Insurance Company Review
Philadelphia Contributionship Insurance Company is an insurance carrier based in Philadelphia, PA. The company was founded in 1776 and offers flood insurance in 5 states in the USA. Flooding is the number one natural disaster in the United States. According to FEMA floods cost Americans more than a billion dollars a year. However, standard homeowners insurance policies don't cover flood damage.
What types of coverage does Philadelphia Contributionship Insurance Company offer?
Flood insurance includes a variety of coverages. One of the best ways to saving money on your home insurance is to only pay for the coverage you need. There are two main types of flood insurance: policies offered by the National Flood Insurance Program (NFIP) and those provided by private companies, also known as excess flood coverage. Philadelphia Contributionship Insurance Company offers both types.
NFIP Flood Coverage: Flood insurance through the National Flood Insurance Progam has two basic policies. One that covers the building property up to $250,000 and one that covers personal property up to $100,000.
Excess Flood Coverage: Some carriers offer this policy to homeowners who need more than the $250,000 of dwelling coverage offered by NFIP flood insurance. Excess flood coverage can also provide additional protection for valuables or expensive home upgrades not covered by standard flood insurance.
- Dwelling Coverage: Also called dwelling insurance. This is the part of your flood insurance policy that helps pay for the rebuilding or the repair of the physical structure of your home. Federal flood insurance has a maximum coverage of $250,000. If you have a mortgage, your lender may require you to apply for excess flood coverage.
- Personal Property Protection: This insurance protects the items in your home, like your furniture. If they're damaged or lost, personal property coverage could help you cover the cost of replacing them. Federal flood insurance through the National Flood Insurance Progam maxes out at $100,000. If that doesn't cover the value of your personal property, consider buying excess flood coverage.
Philadelphia Contributionship Insurance Company customers can also add the following riders or endorsements to their home insurance policies:
How can you save money on a Philadelphia Contributionship Insurance Company home insurance policy?
When you ask for a quote with Philadelphia Contributionship Insurance Company, make sure you ask for all the discounts you qualify for. These are the property-specific discounts currently available.
Want more discounts? Check the discounts tab for a full list of general policy discounts you can qualify for with Philadelphia Contributionship Insurance Company.
What additional benefits does Philadelphia Contributionship Insurance Company offer?
Philadelphia Contributionship Insurance Company offers the following benefits to its customers:
- Local Agents: Perfect for people who prefer the personal touch of a local insurance agent.
What is the financial strength rating of Philadelphia Contributionship Insurance Company?
The financial strength rating of an insurance company scores its ability to pay contracts and policies. Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy. There are five main rating agencies. SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.
Philadelphia Contributionship Insurance Company scores an A or excellent, which is SuperMoney's second highest available score.
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