Central Insurance: What You Need to Know About Protecting Your Finances

It’s important to protect your finances in case of unexpected events, and one way to do that is through insurance. Central Insurance is a company that specializes in providing coverage for individuals and businesses. Whether you need auto, home, life, or business insurance, Central Insurance has you covered. In this article, we will discuss what Central Insurance is, the products they offer, how to get a quote, and much more.

What is Central Insurance?

Central Insurance was established in 1876 in Van Wert, Ohio, and has since expanded to serve 24 states across the country. The company is committed to providing quality insurance products and excellent customer service. Central Insurance is a mutual insurance company, which means that it is owned by its policyholders rather than stockholders.

The company has a strong financial rating and a history of stability, making it a reliable choice for individuals and businesses looking for insurance coverage. In fact, Central Insurance has received an A rating from A.M. Best, which is the highest rating possible for financial strength and stability.

Central Insurance Products

Central Insurance offers a range of insurance products to meet the needs of individuals and businesses, including:

Central Insurance also offers specialty insurance products, such as farm insurance, antique auto insurance, and umbrella coverage, which provides additional liability protection above and beyond your other policies.

Auto Insurance

Central Insurance’s auto insurance policies provide coverage for personal vehicles, including cars, trucks, SUVs, and more. Their policies include liability coverage, which pays for damages and injuries you may cause to others in an accident, as well as collision coverage, which pays for damage to your own vehicle as a result of a collision. They also offer comprehensive coverage, which protects your vehicle from non-collision events, such as theft, vandalism, and weather-related damage.

Central Insurance’s policies also include a range of optional coverages, such as roadside assistance, rental reimbursement, and gap coverage, which pays the difference between the amount you owe on your vehicle and its current value in case of a total loss.

Home Insurance

Central Insurance’s home insurance policies protect your home and personal property from damage or loss due to various causes, such as fire, theft, and more. Their policies provide coverage for your dwelling, personal property, and other structures on your property, as well as liability coverage in case someone is injured on your property.

Their policies also include a range of optional coverages, such as identity theft protection, water backup coverage, and equipment breakdown coverage, which pays for the repair or replacement of household appliances and systems in case of mechanical breakdown.

Life Insurance

Central Insurance’s life insurance policies provide financial support to your loved ones in the event of your death. They offer term life insurance, which provides coverage for a specific period of time, as well as permanent life insurance, which provides coverage for your entire life.

Their policies also include a range of optional riders, such as accidental death and dismemberment coverage, which pays out an additional benefit if you die or are injured in an accident, and waiver of premium, which waives your premium payments if you become disabled and unable to work.

Business Insurance

Central Insurance’s business insurance policies offer coverage for businesses of all sizes, including liability, property, workers’ compensation, and more. Their policies are customizable to meet the specific needs of your business and industry.

Their policies also include a range of optional coverages, such as cyber liability, which protects your business from cyber-attacks and data breaches, and business interruption insurance, which provides financial support in case your business is forced to close temporarily due to a covered event.

How to Get a Quote

Getting a quote from Central Insurance is easy. You can visit their website and fill out a form with your personal and/or business information, and a member of their team will contact you to help you decide which products are right for you. Alternatively, you can contact a local agent to get a quote in person.

FAQs

What is a mutual insurance company?

A mutual insurance company is owned by its policyholders rather than stockholders. This means that any profits the company makes are returned to the policyholders in the form of dividends or used to lower premiums. Mutual insurance companies are often seen as more stable and reliable than stock insurance companies.

What is liability coverage?

Liability coverage pays for damages and injuries you may cause to others in an accident or incident. This includes property damage, medical bills, and legal fees.

What is comprehensive coverage?

Comprehensive coverage protects your vehicle from non-collision events, such as theft, vandalism, and weather-related damage.

What is a rider?

A rider is an optional addition to an insurance policy that provides additional coverage or benefits beyond what is included in the standard policy. Riders are often used to customize a policy to meet the specific needs of the policyholder.

What is business interruption insurance?

Business interruption insurance provides financial support in case your business is forced to close temporarily due to a covered event, such as a fire, flood, or natural disaster. This coverage can help cover lost income and other expenses during the closure.

Conclusion

Central Insurance is a reliable and reputable insurance company that offers a range of products to meet the needs of individuals and businesses. Whether you’re looking for auto, home, life, or business insurance, Central Insurance has you covered. Their policies are customizable to meet your specific needs, and their team of experienced agents are available to help you every step of the way. Contact Central Insurance today to get a quote and start protecting your finances.