ARCOA Risk Retention Group Nevada(NV): Contact, Claims, Reviews, Advantages

Are you looking for a reliable and affordable insurance company that can protect your business from various risks?

Learn about Arcoa Risk Retention Group, a car insurance company that provides liability coverage for the moving and storage industry.
Learn about Arcoa Risk Retention Group, a car insurance company that provides liability coverage for the moving and storage industry.

If so, you may want to consider ARCOA Risk Retention Group, Inc., a Nevada-based company that specializes in providing liability coverage for the moving and storage industry.

In this article, we will introduce you to ARCOA Risk Retention Group, its history, its products, and its benefits.

We will also share some customer reviews and ratings to help you make an informed decision.

Read on to find out more about this unique and innovative insurance company.

ARCOA Risk Retention Group Nevada contact

Information Value
Phone Number (800) 813-5682
Address 5555 Kietzke Lane, Suite 100, Reno, NV, 89511
Customer Service contact (800) 813-5682 or anthem.life@anthem.com
Policy details Liability coverage for the moving and storage industry
Email address anthem.life@anthem.com
Fax number (800) 813-5682
Operating hours Not specified, try normal business hours or leave a message

What does a risk retention group do?

Learn about Arcoa Risk Retention Group
Learn about Arcoa Risk Retention Group
  • A risk retention group (RRG) is a state-chartered insurance company that provides liability protection to its members, who must be engaged in similar businesses or activities.
  • RRGs are owned by their insureds and operate under the federal Liability Risk Retention Act, which allows them to avoid multistate licensing laws.
  • RRGs are mostly formed as captives and must be domiciled onshore.
  • RRGs can write liability lines of coverage for various industries, such as medical, transportation, or hospitality.
  • RRGs offer many benefits to their members, such as program control, long-term rate stability, customized loss control and risk management practices, dividends for good loss experience, access to reinsurance markets, and stable source of liability coverage at affordable rates.

ARCOA Risk Retention Group Nevada Claims

  • Claim process: You can file a car insurance claim with ARCOA online, by email, or by phone. You need to provide your personal information, policy number, and details of the incident. You may also need to attach supporting documents such as police report, photos, or repair estimates.
  • Claim status: You can check the status of your claim online by logging in to your account. You can also call the toll-free number 800-813-5682 or email anthem.life@anthem.com for any inquiries.
  • Required documents for claims: The documents you need to submit depend on the type of incident and the extent of the damage. For example, for a collision claim, you need to provide a copy of the police report, photos of the damage, and repair estimates from a certified mechanic. For a theft claim, you need to provide a copy of the police report, proof of ownership, and a list of stolen items. You can find more information on the claim forms in their website.

ARCOA Risk Retention Group Nevada reviews

  • ARCOA Risk Retention Group Nevada is a car insurance company that provides liability coverage for the moving and storage industry.
  • The company has been in business for over 20 years and has a reputation for reliability and trustworthiness.
  • The company offers a range of coverage options and services, such as online claims, customer support, and discounts.
  • The company has received positive customer reviews on various websites, with policyholders praising its exceptional service, professionalism, and claims resolution.
  • The company has a low rating of 1.06 out of 5 stars from the Better Business Bureau, based on 617 customer reviews and 2,097 ratings. The company has also faced some complaints and lawsuits related to its business conduct.

Advantages of Choosing Arcoa Risk Retention Group

  • Retained profits: As RRGs are owned by their members, profits are kept by policyholders rather than being passed to a commercial insurer.
  • Exemption from state laws: The Liability Risk Retention Act allows RRGs to be formed and to be exempt from state laws, which reduces regulatory costs and increases flexibility.
  • Stability of cover: RRGs provide more stability of insurance as they allow members to know their insurance costs in advance and plan accordingly.
  • Scope of cover: RRGs offer broader coverage than what is available in the regular insurance market, as they can address the specific exposures of their members.
  • Insurable interest: RRGs encourage members to implement loss control measures that will improve losses and reduce premiums, as they have a vested interest in reducing risks.
  • Shared interests: RRGs foster a sense of community among members, who can share information and best practices about their businesses.

FAQs

Factors That Influence the Cost of Car Insurance Premiums at Arcoa Risk Retention Group

The company uses various factors to determine your premium, such as your driving history, age, location, and type of vehicle.

  • Your driving history includes your history of accidents and traffic violations. The more incidents you have, the higher your premium will be.
  • Your age and driving experience affect your premium because younger and less experienced drivers are considered more risky than older and more experienced drivers.
  • Your location affects your premium because different states have different laws and regulations regarding car insurance. Some states also have higher rates of theft, vandalism, and natural disasters, which increase the risk of claims

Available Discounts for Arcoa Risk Retention Group Inc’s Policyholders

Arcoa Risk Retention Group Inc rewards its policyholders with various discounts to help lower their insurance premiums. These discounts may include:

    • Safe Driver Discount: If you have a clean driving record with no at-fault accidents or traffic violations, you could qualify for this discount.
    • Good Student Discount: If you are a full-time student with a good academic record, you could qualify for this discount.
    • Multi-Policy Discount: If you have more than one policy with Arcoa Risk Retention Group Inc, such as home and auto, you could qualify for this discount.
    • Low Mileage Discount: If you drive less than the average miles per year, you could qualify for this discount.
    • Anti-Theft Device Discount: If you have an anti-theft device installed in your vehicle, such as an alarm or a tracker, you could qualify for this discount.
Spread the love