Golden Bear Insurance Company is a leading provider of commercial and residential insurance in 37 states of the United States.
The company was founded in 1978 and is headquartered in Stockton, California.
Golden Bear Insurance Company offers a wide range of products and services, such as property, liability, workers’ compensation, earthquake, flood, inland marine, and specialty lines.
The company is committed to delivering quality, value, and service to its customers and agents.
Golden Bear Insurance Company History
Golden Bear Insurance Company was founded in 1978 by Michael J. Hall in Stockton, California. Hall’s vision was to create an insurance company that was dedicated to providing quality products and services to its customers and agents.
Golden Bear Insurance Company quickly grew and became a leading provider of commercial and residential insurance in California.
The company is known for its wide range of products and services, competitive rates, and strong financial foundation.
Golden Bear Insurance Company offers a variety of products to meet the needs of its commercial and residential customers.
Its a trusted provider of commercial and residential insurance with a long history of serving its customers and agents. The company is committed to providing quality products and services at competitive rates, and it is backed by a strong financial foundation.
Golden Bear Insurance Company contacts
|Customer Service Contact
|1550 W. Fremont Street Stockton, CA 95203
|Contact Us Form
|Commercial & Residential Policies
|Monday-Friday, 8:00 AM – 5:00 PM (PST)
Golden Bear Insurance Company claim process
You can check the status of your claim by contacting the Claims Services at (209) 948-8191 or by filling out the Contact Us Form on their website. You will need to provide your policy number and date of loss.
Required Documents for Claims
The documents required for claims may vary depending on the type and nature of the claim. However, some common documents include:
- A copy of your policy
- Proof of loss (such as a police report, photos of the damage, or receipts for repairs or replacements)
- Any other relevant information
Average Claim Approval Time
The average claim approval time may depend on several factors, such as the complexity of the claim, the availability of evidence, the cooperation of the parties involved, and the workload of the claims consultants. However, the company strives to resolve claims as quickly and fairly as possible.
Why choose Golden Bear Insurance Company?
- Family-owned and operated: Golden Bear is a family-owned and operated company with a strong commitment to its customers and employees.
- “People First” ethos: Golden Bear believes that its people are its most valuable asset. The company is committed to providing its employees with a supportive and rewarding work environment.
- Wide range of products and services: Golden Bear offers a wide range of products and services to meet the needs of both commercial and residential customers.
- Innovative and flexible: Golden Bear is known for its innovative and flexible approach to insurance. The company works closely with its brokers and customers to create tailored solutions to meet their unique and emerging risks.
- Strong financial foundation: Golden Bear has a strong financial foundation and a reputation for reliable service and prompt claims response.
Golden Bear Insurance lines
Commercial lines : Golden Bear Insurance Company offers a variety of commercial lines products, including property coverage, primary casualty coverage, and excess casualty coverage, to its wholesale brokers on an admitted basis in California and on a non-admitted basis through surplus lines brokers in other states.
Professional lines: Golden Bear Insurance Company offers unique professional liability products, including coverage for analytical and environmental testing laboratories and a comprehensive lawyers liability program that can be customized to law firms of all sizes.
Tools and resources: Golden Bear Insurance Company offers a professional liability program for analytical and environmental testing laboratories and lawyers.
The program offers comprehensive coverage for a variety of exposures, including contingent bodily injury and property damage, defense of licensing proceedings, and special pollution liability. The program is also customizable to meet the specific needs of individual law firms and medium to large firms.
Golden Bear Insurance Agent and Broker Information
Local Agent Listings You can find a list of local agents and brokers who offer Golden Bear Insurance products and services on the company’s website. You can also use the online form to request a quote or more information from a local agent or broker.
Agent Qualifications and Reviews Golden Bear Insurance values its relationships with qualified wholesale brokers and personal lines agents and brokers.
The company requires its agents and brokers to be properly licensed, knowledgeable, experienced, ethical, and financially responsible. The company also provides training and support to its agents and brokers to help them grow their business.
Broker Partnerships Golden Bear Insurance partners with various brokers and agencies across the country to offer its products and services to a diverse range of customers.
The company also creates tailored solutions for unique and emerging risks in partnership with its brokers and customers.
Policy renewal and cancellation
Policy Renewal Process
- The company will send a renewal notice to the policyholder before the expiration date of the policy.
- The notice will include the renewal premium and any changes in the policy terms and conditions.
- The policyholder can choose to accept, decline, or modify the renewal offer.
- The policyholder must pay the renewal premium by the due date to avoid a lapse in coverage.
Cancellation Policy and Fees
- The policyholder can cancel the policy at any time by sending a written notice to the company or agent.
- The company may also cancel the policy for certain reasons, such as non-payment of premium, fraud, misrepresentation, or violation of policy conditions.
- The company will refund any unearned premium to the policyholder, based on the pro-rata or short-rate method.
- The company does not charge any cancellation fees, but the policyholder may incur a penalty for early termination of the policy, depending on the type of policy and state laws and regulations.
- The grace period is the time period after the premium due date, during which the policyholder can pay the premium without losing coverage.
- The grace period may vary depending on the type and term of the policy, and state laws and regulations.
- Generally, the grace period is 10 days for monthly policies and 30 days for annual or semi-annual policies.
- If the policyholder fails to pay the premium within the grace period, the policy will lapse and the coverage will terminate.
Golden Bear Financial information
- Premium costs vary depending on the policy type, term, coverage limits, deductibles, risk factors, and state laws.
- Golden Bear Insurance does not provide online quotes. To request a quote, please contact a local agent or broker using the online form on the company’s website.
- Golden Bear Insurance accepts credit card payments (Visa, MasterCard, or Discover) through its online system.
- Installment payment plans are available for some policies, with monthly, quarterly, semi-annual, or annual options.
To avoid a lapse in coverage, pay your premiums by the due date.
Discounts and Promotional Offers
- Golden Bear Insurance offers various discounts and credits for its commercial and residential policies, such as:
- New house credit
- Protection device credit
- Gated community credit
- Tile roof credit
- Claims-free renewal credit
- The company also offers competitive rates and flexible terms for its specialty lines, such as:
- Cannabis multi-line package
- Management liability package
- Fire and allied lines
Claim Payout Ratio
- Golden Bear Insurance does not disclose its claim payout ratio.
- However, the company has a strong financial strength rating of A (Excellent) from AM Best, reflecting its balance sheet strength, operating performance, business profile, and enterprise risk management.
- Golden Bear Insurance also has a reputation for reliable service and a prompt claims response.
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