Platte River Auto Insurance Review

Drivers or business owners who are looking for a stable company to purchase commercial auto insurance, inland marine insurance or other insurance products from should consider Platte River Auto Insurance.

Formerly known as Underwriters Insurance Company, Platte River insurance company was purchased by Alleghany Insurance Holdings, LLC in 2002, a subsidiary of Alleghany Corporation, and is run under their Capitol Insurance Companies group. Alleghany has been in business since 1929 and has a strong financial history.

Capitol Insurance Companies is licensed to offer insurance products in all fifty of the United States as well as the District of Columbia. The products are sold through a network of independent insurance agents as well as various insurance brokers who offer auto insurance discounts from various companies.

Insurance Products

Capitol Insurance offers cheap auto insurance and a variety of other insurance and financial products forindividuals and businesses. The products they offer include:

• Inland marine insurance
• Commercial auto insurance
• Identity theft insurance
• Umbrella and general liability insurance
• Workers compensation insurance
• Professional liability insurance
• Workers compensation insurance
• Employee practices liability insurance
• Health and accident insurance
• Commercial surety and fidelity insurance
• Liquor liability insurance

Customers may purchase any of these types of insurance from Platte River Auto Insurance and may receive a substantial discount if they purchase several different policies at the same time. Potential customers should contact a Capitol Insurance Company agent or a broker who sells insurance products from Capitol Insurance Company and Platte River Auto Insurance.

Non-Insurance Products

Platte River Auto Insurance and Capitol Insurance Company offer their customers a variety of financial products in addition to their insurance offerings. Among these products are security bonds including:

• Permit and license bonds
• Fiduciary and probate court bonds
• Sweepstakes bonds
• Mortgage broker bonds
• Utility Bonds
• Notary public official bonds
• Mortgage lender bonds
• Telemarketing bonds
• Sales tax bonds
• Motor vehicle bonds

They also offer fidelity bonds including commercial crime bonds, ERISA bonds, business services bonds and crime protection bonds. Customers should talk to an agent who sells products from Capitol Insurance Company to find out which products will fit their individual needs and financial goals.

Agents

Platte River Auto Insurance and Capitol Insurance Company only allow insurance agents who meet their stringent requirements to sell their insurance products. To be approved to sell casualty and general property insurance for Capitol Insurance Company, an agency must;

• Have a limited number of shareholders
• Produce a minimum of one million dollars in premiums within two years of being appointed
• Have strong underwriting skills
• Meet geographic requirements

These stringent requirements mean that only very experienced agents with strong financial histories are able to sell insurance policies through Capitol Insurance. The company is very stable and highly rated by its customers as well as rating agencies such as A.M. Best Company.

Ratings and Awards

Capitol Insurance Company and Platte River Auto Insurance have achieved an A.M. Best rating of A. This means that the company is considered stable and financially strong. These companies have shown that their ability to meet their financial obligations is excellent and their outlook is stable.

On August 9, 2011, Capitol Insurance Company announced that their parent company, Alleghany Corporation, had been recognized as being among the property-casualty insurance companies in the United States who met the requirements to be included in Ward’s 50 Benchmark Group in 2011.

This is the second year in a row that Alleghany Corporation has been included in this exclusive group. More than 3,000 companies are examined to find the fifty companies that have shown the best performance in areas such as five year revenue growth, five year combined ration and five year average equity return. Each company’s performance is measured against a set of standards as well as the performance of other companies in the insurance industry.

Customer Service

Comparing Platte River Auto InsurancePlatte River Auto Insurance is known for only allowing the best agents to sell their products. This means that the agents have unparalleled knowledge of the insurance industry. Their agents and brokers are independent, so they will only recommend a policy through Platte River Auto Insurance to their customers if it will truly meet the customer’s needs and help them grow their business.

The insurance policies and financial products offered by Platte River Auto Insurance and Capitol Insurance Company meet the needs of many customers, but they may not be the best deal available to you. It is important to review quotes from several insurance companies to determine the policy that meets your needs.

A company may save money by bundling different types of insurance policies through the same company, but they may also benefit from purchasing insurance policies through several different companies. Each company should review their insurance policies a couple of times per year to ensure that their current policies meet their ever-changing insurance needs.