Meridian Security Insurance Company Issues

Meridian Security Insurance was an Indianapolis, Indiana-based fire and casualty insurance company. The company mainly distributed auto insurance and was later replaced by the State Auto Insurance company. Meridian Security Insurance is now just a holding company for a more significant business, and it no longer sells new insurance policies.

History of the Business

Meridian Security Insurance was founded in Indianapolis in 1967. Meridian Security Insurance was acquired by a larger corporation during the financial crisis of 2007-2008, strategically extending the new parent company's coverage area. Meridian Security Insurance had gross assets of over 61 million dollars and working capital of over 5 million dollars at their purchase.

Ratings for Businesses

Meridian Security Insurance is not rated as a financial entity in its own right. Instead, the company inherits the parent company's economic grade ranking from financial rating firms like the A.M. Best Company. State Auto Insurance was rated "A" (Excellent) in May 2012, with an "a" long-term outlook. The organization had previously earned an "A+" rating, which was now downgraded. Despite their recent downgrade, State Auto Insurance has more than 750 million dollars and is still considered a strong business.

Insurance Coverage Offered

Meridian Security Insurance provided coverage for automobiles, homes, and businesses. Meridian Security Insurance is currently owned by State Auto Insurance, which sells these and other forms of liability and casualty coverage. State Auto Insurance creates plans customized to your individual needs, whether you're insuring a home, a company, or a recreational vehicle.

Don't Make Assumptions.

Experts decide many insurance claims. Don't assume whether you know if something is covered or not. Although some instances involving are covered by insurance, there are various factors why the insurance company might try to get out of paying you. It is essential to realize that the insurance provider could try to convince you that the cost of fixing the damages is less than the deductible. Don't let the insurance provider take a free ride in rejecting your legitimate claim. Get an experienced home insurance attorney to help.

Get An Acceptable Insurance Policy.

One of the most critical roles of an insurance attorney is to advise their clients of the insurance carriers inclined to keep their promises. That's why we made this list.

If your insurance carrier is on this list, please review the score. If it is failing, we recommend you contact your insurance agent and consider switching companies. We recommend buying insurance from one of the following market carriers:

• Allied Trust
• Universal North America
• American National Lloyds

The insurance industry in the united states makes brilliant trillion dollars annually from rates, according to studies. Sure, that may be a lot of greenbacks. We have compiled a listing of the worst property coverage companies in Texas, with the aid of inspecting lots of information about these groups consisting of courtroom documents, facts, and interviews from insurance personnel.

In case you've had property damage and your insurance carrier is not adequately paying your claim, you need to recognize that they may be now not to your side. They use demonstrated strategies to get you to accept a tiny fraction of what you want to recover financially out of your insurance policy. We combat these companies each day, and we win. Our clients can relax knowing we're dealing with each detail of their claim and are aggressively pursuing the compensation they deserve. Call us for free to discover if you have a case.

YOU CAN OBTAIN A HIGHLY SKILLED INSURANCE LAWYER

If your insurance company has refused to honor your policy despite having a valid claim, you can recover damages based on "bad faith." At Dick Law Firm, PLLC, we are committed to fighting for the total compensation you deserve. When you retain our services, we fight to protect your rights as a policyholder.

Hiring a highly skilled property insurance attorney will help by:

• Significantly increases the value of your claim
• Learning all of the ins and outs of your policy
• Helping you navigate the claims process and negotiations
• Validating the cause and extent of the damage
• Informing you if a claim denial is valid
• Notifying you of all relevant insurance laws

If you have been mistreated or wronged by your insurance company, you can count on us to do everything possible to rectify the situation. We aim to resolve a claim as efficiently and effectively as possible.

Please speak with our team at 833-7RIGHTS today! Consultations are FREE.