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Came in 1876 as Central Mutual Insurance Company and started as fire insurer. The company has changed its name to Central Insurance Group that consists of two different entities including Central Mutual Insurance Company and All America Insurance Company with total assets of more than $1 billion. Its home office is in Van Wert Ohio, but it has written over 328,000 policies for customers in 19 different states. Representations of the company are spread all over the country by every customer’s independent agents. One thing that separates Central Insurance from most companies is the absence of captive agents. All customers have their independent agents handle the underwriting processes for the sake of transparent insurance policies. Unlike their captive counterparts, independent agents work on behalf of clients. The customers get the best coverage at the best price without sacrificing the level of protection for their assets. Central Insurance offers property and casualty coverage policies in three categories including home, auto, and business. 1. Homeowners Policy The company’s homeowners policy includes coverage for losses to your personal property, home, and other structures as long as they are an integral part of the house. Medical payment and personal liability are also available to complement the basic policy. While the basic policy offers enough protection for the most frequent losses, Central Insurance provides several endorsements for examples: • Additional coverage of up to $750 for food spoilage during power failure due to natural disasters such as storms. • Additional coverage of up to $1500 for legal obligations in case someone steals your credit or debit card. It is useful to cover all the expenses you did not make during the time the card is missing<./p> • Additional coverage of up to $1000 for debris removal in case winds or other natural causes knocks down trees in your yard. Central Insurance has separate policies for renters, condo owners, and rental owners. For those who run business in private house’s property instead of an independent office building can find coverage in Home Business Plus policy. It is a different set of financial protection, focusing on operational business losses. Similar to primary home policy, several endorsements are available as well. 2. Auto Policy Personal Auto Policy from Central Insurance includes liability, medical payments, collision, comprehensive, and coverage or protection from a motorist who does not have insurance. There are also optional extras as follows: • Towing & Labor: coverage of up to $100 is available to tow your car from anywhere to a repair facility. • Hit & Run: it waives the deductible for Collision coverage in case you are a victim of hit & run when your vehicle is not moving. • Auto Plus Medical Payment: the essential medical payment provides up to $5,000 coverage. The optional extra adds another $5,000 to make a total of $10,000 to cover medical cost. Besides car insurance policy, the company offers separate coverage for different types of vehicles including Snowmobiles, Utility Trailers, Motorhomes, Classic & Antique Autos, Golf Carts, and Recreational Trailers. Another type of auto insurance from Central Mutual is Boatowner’s Insurance that provides protections not only for boats but also motor and trailers. Protection is available for the following perils: - Explosion, sinking, or standing. - Fire, lightning, and windstorm. - Collision and damage while launching, loading, or unloading - Theft - Highway collision or upset. - Vandalism 3. Business Insurance. The last policy category from Central Mutual Insurance Company is Business Insurance. There are specific programs for your explicit business fields. Business insurance programs are available for: • Contractors • Light Industrial • Building Owners • Service Businesses • Retailers • Wholesalers • Self Storage • Auto Service and Repair Shops • Offices • Builder is Risk • Vacant Property • Restaurant An independent agent can provide the estimate and see possible perils of your personal properties or business before making suggestions about the best type of coverage or if there is the need for additional protections. Central Mutual Insurance also has two helpful departments to assist with claims and losses. The company’s Loss Control Consultants conduct surveys to your business operation and recommend valuation estimates of your buildings or properties. Moreover, there is additional training to improve control and reduce hazards to the property and people in it. A separate Claims Services department handles claiming processes regardless of the complexity of the claims. Several companies or agencies in the country use similar names as Central Mutual Insurance Company, two of which are (CSI) Central States Insurance and NYCM. Central States Insurance is a team of insurance agents; it is an agency rather than a company. It does not sell insurance policies, but it can provide independent agents for your needs. The business works with a network of underwriting firms, and CSI’s home office is in Wisconsin. It has independent agents to cover all types of policies including auto, health, life, home, worker’s compensation, bonds, and Medicare advantage. NYCM stands for New York Central Mutual Fire Insurance Company, but also popular as NY Central Insurance [http://centralinsurance.net]. Although it has a similar name, this is a different company from Central Mutual Insurance. Its home and branch offices are all in New York. Sometimes, it leads to confusion because both companies offer the same types of policies including auto, homeownership, and business or commercial properties. Another important thing is that Central Mutual Insurance Company also has a branch office in New York as part of Northeast Regional Office along with other branches in Connecticut, Massachusetts, and New Hampshire. To avoid confusion, you can ask your independent agents about the companies and explain the difference.
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