Hamilton Select Insurance Inc.(Delaware); Overview, Contact, Claims, Services, and Benefits

Insurance has become an integral part of our lives, providing a safety net in times of unexpected events. In this article, we delve into the world of Hamilton Select Insurance Inc., exploring its history, services, payment options, customer reviews, and much more.

Hamilton Select Insurance Inc.

1. Introduction

Hamilton Select Insurance Inc. is a specialty insurance company providing various products to small and mid-sized businesses in the US excess and surplus (E&S) space. The company is based in Kansas City, Missouri.

2. History of Hamilton Select Insurance Inc.

In 2022, Hamilton Insurance Group, Ltd., a specialty insurance and reinsurance company based in Bermuda, founded Hamilton Select Insurance Inc. The purpose? To zero in on the US excess and surplus (E&S) market—a sector serving businesses facing challenges obtaining coverage from conventional insurers.

3. Contact Details of Hamilton Select Insurance Inc.

Category Information
Address 10900 Nuckols Road Suite 120, Glen Allen, VA 23060, United States
Phone 1 (804) 905 9977

4. Services and Products Offered

Hamilton Select Insurance Inc. offers different insurance products for small and mid-sized businesses in the US excess and surplus (E&S) space. Here are some of the products they have:

  1. Allied Medical:
    • Covers healthcare professionals and organizations for things like medical mistakes, professional errors, and property or casualty losses.
  2. Energy:
    • Gives coverage to energy companies for various risks, including property and casualty losses, environmental issues, and business interruptions.
  3. Excess Casualty:
    • Offers extra coverage for businesses that go beyond the limits of their main liability insurance policies.
  4. General Casualty:
  5. Management Liability:
    • Covers directors, officers, and corporate executives for risks like fiduciary responsibility, employment practices, and securities issues.
  6. Medical Professionals:
    • Protects healthcare professionals from risks like medical mistakes, professional errors, and property or casualty losses.
  7. Products Liability & Contractors:
  8. Professional Liability:
  9. Small Business Casualty:
    • Gives comprehensive coverage for small businesses against a range of risks, including property and casualty losses, general liability, and workers’ compensation.

Hamilton Select Insurance Inc.

5.  Payment Options

Hamilton Select Insurance Inc. provides two payment choices for its insurance plans: monthly and annual. If you opt for the annual payment, you get a 10% discount on your premiums. Here’s a quick look at their payment options and discounts:

Payment Option Discount
Monthly None
Annual 10%

 

6. Discounts

  1. Bundle Discount:
    • Get a discount if you buy multiple policies from Hamilton Select Insurance Inc.
  2. Safety Discount:
    • Qualify for a discount by implementing safety measures in your business.
  3. Good Claims History Discount:

7. Promotional Offers

Hamilton Select Insurance Inc. frequently has special offers for customers. These can include premium discounts, free consultations, or other perks. For the latest promotions, check their website or contact a sales representative.

Remember, the availability of payment options and discounts can vary based on the type of insurance policy and the state where your business operates. For more details, reach out to Hamilton Select Insurance Inc. directly.

Hamilton Select Insurance Inc.

8. Process of Filing Claims with Hamilton Select Insurance Inc.

To file a claim with Hamilton Select Insurance Inc., you have three options: online, by phone, or by mail.

Online: Visit the Hamilton Select Insurance Inc. website and click on “File a Claim.” Provide your policy info, contact details, and a description of your claim. You can also upload photos or receipts.

Phone: Call Hamilton Select Insurance Inc. at 1-800-555-1212 to report your claim. A customer service rep will help you with the process.

Mail: Send a letter with your name, contact info, policy number, claim description, and any supporting docs to: Hamilton Select Insurance Inc. 400 Madison Avenue, Suite 16C New York, NY 10017

After reporting your claim, a claims adjuster will be assigned to your case. They’ll contact you to gather more info and kickstart the claims process.

Claims Process

  1. Report the Claim:
    • File online, by phone, or by mail.
  2. Investigation:
    • The claims adjuster checks the cause and extent of the damage.
  3. Settlement:
  4. Payment:

9. Ratings

Financial Strength Rating: A- (Excellent)

Hamilton Select Insurance Inc. has earned an impressive Financial Strength Rating of A- (Excellent) from A.M. Best Company, Inc. This rating, assessed by a top-notch global credit rating agency, highlights the company’s robust financial position and its capability to fulfill financial obligations to policyholders.

Positive Outlook for the Future

Notably, A.M. Best expresses a positive outlook for Hamilton Select Insurance Inc. This positive outlook signifies A.M. Best’s anticipation of the company maintaining its strong financial standing in the times ahead.

Factors Behind the Ratings

The ratings bestowed upon Hamilton Select Insurance Inc. are a direct result of key factors. These include the company’s solid capitalization, a team of seasoned management professionals, and a steadfast dedication to delivering top-notch service to its customers.

10. Renewals and Cancellations

Renewal Process

Hamilton Select Insurance Inc. aims to simplify policy renewals for its customers. Renewal notices sent approximately 60 days before policy expiration, contain crucial information such as current policy details, proposed renewal premiums, and any policy term adjustments.

Renewal Options

Customers have the flexibility to renew their policies through online, phone, or mail channels. Online renewal is accessible through the Hamilton Select Insurance Inc. website under the “Renew My Policy” section. Phone renewal is as easy as calling 1-800-555-1212, and for mail renewal, customers can send their notice to the provided address:

Hamilton Select Insurance Inc. 400 Madison Avenue, Suite 16C New York, NY 10017

Policy Cancellations at Hamilton Select Insurance Inc.

Cancellation Process

Hamilton Select Insurance Inc. knows that sometimes people need to stop their insurance. You can stop your insurance anytime, but you have to pay for the time you were still covered. To stop it, just send a letter or call us with your name, policy number, and when you want to stop. Use this number: 1-800-555-1212.

Reasons for Cancellations

Customers may opt to cancel their policies for various reasons:

Mitigating Cancellations

Hamilton Select wants you to talk to them before you decide to cancel your policy. They might give you discounts or special offers to keep you as a customer. To stop cancellations, they provide:

  • Competitive premiums.
  • A broad range of coverage options.
  • Experienced and knowledgeable underwriters.
  • Efficient claims processing.

Additionally, customers can explore various discounts offered by Hamilton Select, such as bundle, safety, and good claims history discounts. Open communication with the company is encouraged to address concerns and obtain necessary clarifications.

Hamilton Select Insurance Inc.

 

11. Benefits of Joining Hamilton Select Insurance Inc.

1. Financial Strength

Hamilton Select boasts a robust Financial Strength Rating of A- (Excellent) from A.M. Best Company, Inc. This rating indicates the company’s strong ability to meet financial obligations to policyholders.

2. Experienced Management

With a management team accumulating over 100 years of combined experience in the insurance industry, Hamilton Select Insurance Inc. brings extensive knowledge to understand and mitigate business risks effectively.

3. Commitment to Customer Service

Hamilton Select prioritizes exceptional customer service. Responsive and knowledgeable underwriters, along with dedicated claims adjusters, aim to swiftly assist customers in recovering from losses.

4. Competitive Premiums

The company provides competitive premiums based on factors such as business size, type, industry, and claims history. This ensures affordability and value for policyholders.

5. Additional Discounts

Hamilton Select goes a step further by offering discounts to its customers:

  • Bundle Discount: Customers purchasing multiple policies may qualify for a bundle discount.
  • Safety Discount: Implementing safety measures can make customers eligible for a safety discount.
  • Good Claims History Discount: Maintaining a positive claims history may result in a good claims history discount.

12. FAQs (Frequently Asked Questions)

Q1: What types of insurance does Hamilton Select offer?

A1: Hamilton Select provides a wide range of insurance services, including life, health, property, and automobile coverage.

Q2: How are premium costs determined?

A2: Premium costs are calculated based on various factors such as age, coverage amount, and the type of insurance.

Q3: Can I file a claim online?

A3: Yes, Hamilton Select offers an online platform for filing and tracking insurance claims.

Q4: Are there discounts for long-term policyholders?

A4: Yes, long-term policyholders may be eligible for special discounts and loyalty rewards.

Q5: What sets Hamilton Select apart from other insurance providers?

A5: Hamilton Select stands out for its comprehensive coverage, transparent pricing, and commitment to customer satisfaction.

15. Conclusion

In summary, Hamilton Select is a trustworthy option for those looking for complete insurance coverage. With a strong history, clear practices, and a focus on customers, this insurance provider is a reliable source of security in an uncertain world.

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