Great Midwest Insurance Company is a trusted insurance provider, offering a wide range of cost-effective insurance solutions for auto, home, and life coverage.
Established more than a century ago, the company’s core objective is to offer cost-effective coverage while upholding top-notch quality standards, earning it a respected reputation within the industry.
If you are looking for a reliable insurance provider that offers comprehensive and affordable insurance products and services, you might want to consider Great Midwest Insurance Company.
In this article, we will give you an inside look at the company’s contacts, claims, reviews, owner, ratings, coverage details, surety bonds, financial details, and legal and compliance issues.
Great Midwest Insurance Company Contact Information
If you require communication with the Great Midwest Insurance Company for any reason, there are multiple channels available for you to contact them:
| Information | Details |
|---|---|
| Phone Number | 1-800-532-1436 |
| Address | 800 Gessner, Suite 600, Houston, TX 77024-1206 |
| Email Address | contactus@gmiec.com |
Great Midwest Insurance Company Products and Services
Some of the products and services that Great Midwest Insurance Company offers are:
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Auto Insurance
The company provides a range of auto insurance coverage choices, including liability, collision, comprehensive, medical payments, uninsured/underinsured motorist, rental reimbursement, and roadside assistance.
Additionally, they extend discounts for bundling policies, maintaining a pristine driving history, equipping vehicles with safety features, and achieving academic excellence as a student.
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Home Insurance
The company provides a range of home insurance coverage choices, including options for your dwelling, personal belongings, liability, loss of use, and additional living expenses.
Additionally, they extend discounts for bundling policies, having a security system in place, demonstrating customer loyalty, and owning a newer home.
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Life Insurance
The company provides a range of life insurance options, including term life, whole life, universal life, and variable life policies.
Additionally, they offer supplementary riders for added advantages, such as accidental death coverage, disability income protection, premium waiver benefit, and guaranteed insurability enhancement.
Great Midwest Insurance Company Claims
To initiate a claim with Great Midwest Insurance Company, you have the convenient option of submitting it through their website.
For this process, you’ll be required to furnish essential information, including your policy number, contact details, and a thorough account of the incident.
Furthermore, you can conveniently monitor the progress of your claim via their online platform or by reaching out to their toll-free helpline.
Great Midwest Insurance Company is known for its prompt and equitable claim settlements and is dedicated to delivering outstanding customer support.
Great Midwest Insurance Company Reviews
Great Midwest Insurance Company enjoys predominantly favorable feedback from both its clientele and industry professionals.
It holds an A- (Excellent) rating from A.M. Best, a prominent rating agency specializing in the assessment of insurance companies’ financial robustness and operational excellence.
Furthermore, the company boasts a minimal number of complaints as per the National Association of Insurance Commissioners, a regulatory authority responsible for supervising the U.S. insurance sector.
Great Midwest Insurance Company Owner
Great Midwest Insurance Company is a subsidiary of Great American Insurance Group, which, in turn, is under the ownership of American Financial Group, Inc.
American Financial Group, Inc. is a Fortune 500 corporation specializing in the provision of property and casualty insurance, annuities, as well as supplementary insurance products and services.
Established in 1872, the company’s headquarters are situated in Cincinnati, Ohio.
With a workforce exceeding 7,000 employees, the company conducts its operations across more than 40 countries.
Great Midwest Insurance Company Ratings
Great Midwest Insurance Company has garnered top-tier ratings from numerous rating agencies and institutions specializing in the assessment of insurance companies’ financial robustness and operational excellence.
Some of the ratings that the company has received are:
- A.M. Best Rating: A- (Excellent)
- Better Business Bureau Rating: A+
- NAIC Complaint Index: 0.00 (Low)
These assessments suggest that Great Midwest Insurance Company boasts a robust financial standing, a reputable image, and minimal customer grievances.
The company has consistently proven its capacity to fulfill its commitments to policyholders and deliver high-quality service.
Great Midwest Insurance Company Surety Bonds
Great Midwest Insurance Company also serves as a supplier of surety bonds, which are agreements assuring the fulfillment or compensation of a commitment from one party (the principal) to another party (the obligee).
The company offers a variety of surety bonds, such as:
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Contract Bonds
These bonds serve as assurances for the fulfillment of a contract, whether it pertains to a construction endeavor or a service arrangement.
Varieties of contract bonds include bid bonds, performance bonds, payment bonds, and maintenance bonds.
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Commercial Bonds
Commercial bonds serve as assurances that a business or an individual will adhere to specific laws, regulations, or standards.
Common types of commercial bonds include license and permit bonds, court bonds, fidelity bonds, and public official bonds.
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Miscellaneous Bonds
These are bonds that do not fit within the aforementioned categories and are customized to address particular situations or requirements.
Miscellaneous bonds may include lost instrument bonds, subdivision bonds, customs bonds, and lottery bonds, among others.
Great Midwest Insurance Company has a team of experienced surety professionals who can help you with your surety needs.
The company can provide you with competitive rates, flexible terms, and fast service.
The company can also handle large or complex surety accounts with its strong financial backing and industry expertise.
Great Midwest Insurance Company Financial Details
Great Midwest Insurance Company boasts a robust financial standing and outstanding performance.
According to its latest annual statement filed with the NAIC in 2020, the company had:
| Financial Metric | Amount (in millions) |
|---|---|
| Total Assets | $373.8 |
| Total Liabilities | $228.9 |
| Policyholders’ Surplus | $144.9 |
| Net Premiums Written | $115.4 |
| Net Income | $11.5 |
| Combined Ratio | 90.3% |
The combined ratio serves as a profitability metric, contrasting losses and expenses with earned premiums.
A combined ratio less than 100% signifies that the company is generating a profit from underwriting.
Great Midwest Insurance Company Coverage Details
Great Midwest Insurance Company offers a range of coverage options to its customers, including:
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Auto Insurance
The Great Midwest Insurance Company provides a range of insurance options for drivers, including liability, collision, and comprehensive coverage.
Additionally, they offer uninsured/underinsured motorist coverage, roadside assistance, and rental car coverage.
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Home Insurance
The Great Midwest Insurance Company provides homeowners insurance that encompasses protection against property damage, personal liability, and additional living expenses.
Furthermore, they offer the option to include coverage for events such as floods, earthquakes, and valuable personal belongings.
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Life Insurance
The Great Midwest Insurance Company provides term life and whole life insurance options, aimed at assisting individuals in safeguarding the financial well-being of their loved ones in the unfortunate event of their passing.
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Business Insurance
The Company provides a variety of insurance solutions tailored for businesses, encompassing liability insurance, property insurance, and workers’ compensation insurance.
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Farm Insurance
The Company provides tailored insurance solutions designed specifically for farms, encompassing protection for property damage, livestock, equipment, and liability.
The Great Midwest Insurance Company offers a wide range of coverage options tailored to address the distinct requirements of its clients.
Its strong reputation for exceptional customer service and prompt claim settlements establishes it as a trustworthy option for individuals in search of top-notch insurance protection.
Great Midwest Insurance Company Legal and Compliance
Here are some aspects of Great Midwest Insurance Company legal and compliance status:
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Licensing Information
Great Midwest possesses a certificate of authority granted by the Texas Department of Insurance, enabling it to engage in insurance-related activities as outlined in TEX. INS. CODE §§ 801.051-801.053.
Additionally, it has been registered as a foreign corporation in Virginia since August 26, 1996.
While there is a possibility that Great Midwest holds licenses or registrations in other states, my search did not yield any information on such additional authorizations.
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Privacy Policy
Great Midwest’s website lacks a privacy policy, but it could potentially fall under the jurisdiction of privacy laws and regulations in the states where it conducts business.
For instance, in Texas, Great Midwest must adhere to the Texas Insurance Code Chapter 601, which mandates insurance companies to safeguard the confidentiality and security of personal information collected from customers.
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Terms and Conditions
The Great Midwest website lacks a dedicated terms and conditions page, but it could still be subject to the terms and conditions stipulated in the insurance policies it provides to its clients.
The specific terms and conditions can differ based on the policy’s type, coverage, duration, and the relevant state laws and regulations.
Frequently Asked Questions (FAQs)
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What is the phone number and address of Great Midwest Insurance Company?
The phone number of Great Midwest Insurance Company is 1-800-532-1436 and the address is 800 Gessner, Suite 600, Houston, TX 77024-1206.
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What are the types of insurance products and services that Great Midwest Insurance Company offers?
The Company offers a wide range of insurance products and services, including auto, home, and life insurance.
Each type of insurance has various coverage options and discounts available for customers.
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How can I file a claim with Great Midwest Insurance Company?
You can file a claim with Great Midwest Insurance Company by submitting it through their website.
You will need to provide your policy number, contact details, and a detailed description of the incident.
You can also track the status of your claim online or by calling their toll-free number.
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What is the AM best rating for Great Midwest Insurance Company?
The AM best rating for Great Midwest Insurance Company is A- (Excellent).
Conclusion
I trust that this article provided you with both enjoyment and valuable insights as you delved into the operations of the Great Midwest Insurance Company.
If you’re looking for more articles akin to this one, make sure to explore our blog for further comprehensive content on subjects related to insurance.
Insurance Strategy Specialist
About
Howdy Robert is a seasoned Insurance Strategy Specialist known for his strategic acumen in devising tailored insurance solutions. With a focus on strategic planning, Howdy collaborates with individuals and businesses to develop customized insurance strategies that align seamlessly with their unique risk profiles and financial aspirations.
Education
Howdy earned his degree in Strategic Insurance Planning from Horizon University, providing him with a robust academic foundation in insurance principles, strategic management, and risk analysis. This educational background serves as the bedrock for Howdy’s ability to create dynamic and forward-thinking insurance strategies.
Expertise
In his role as an Insurance Strategy Specialist, Howdy excels in various insurance sectors, including:
- Property and Casualty Insurance
- Life and Annuities
- Commercial Liability Insurance
- Specialty Lines (e.g., Cyber Insurance)
- Employee Benefits and Group Coverage
Howdy’s expertise spans these diverse sectors, allowing him to design comprehensive insurance strategies that cater to the nuanced needs of each client.
Experience
With over a decade of practical experience, Howdy Robert has honed his skills as a trusted advisor in the insurance industry. His professional journey includes collaborating with a wide array of clients, from individuals seeking personal coverage to businesses navigating complex risk landscapes. Howdy’s experience extends beyond traditional coverage, incorporating strategic planning to ensure that clients not only have protection but also a roadmap for achieving their broader financial goals.
As an Insurance Strategy Specialist, Howdy Robert is dedicated to providing clients with strategic insights and customized solutions. His ability to navigate multiple insurance sectors and design tailored strategies sets him apart, offering clients a holistic approach to risk management and financial planning.
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