Are you looking for an insurance company that offers quality coverage, competitive prices, and excellent customer service? If so, you might want to consider LM Insurance Corporation, a leading provider of insurance solutions in Illinois and beyond.
In this blog post, we will give you an overview of LM Insurance Corporation, its history, products, services, financial details, coverage options, claim process, and customer experiences.
By the end of this post, you will have a better idea of why LM Insurance Corporation is a reliable choice for your insurance needs.
 LM Insurance Corporation Company Details
LM Corporation was incorporated in 1989 in Illinois and has been operating as a foreign for profit company since then.
The company is headquartered in Hoffman Estates, Illinois, and has offices in several other states.
LM Corporation has a market share of 0.17% in Illinois, ranking 35th among the top 50 insurers in the state.
The company has a total of 30000 shares of Class A stock issued and outstanding.
The company’s industry code is 30, which means it belongs to the insurance companies category.
LM Insurance Corporation Basic Information
Here is some basic information about LM Corporation that you might find useful:
| Category | Information |
|---|---|
| Phone Number | (847) 517-5600 |
| Address | 2815 Forbs Avenue, Suite 200, Hoffman Estates, IL 60192 |
| Customer Service Contact | (800) 225-2467 |
| Policy Details | Varies depending on the type of insurance product |
| Email Address | customerservice@libertymutual.com |
| Fax Number | (847) 517-5601 |
| Operating Hours | Monday to Friday, 8:00 AM to 6:00 PM (Central Time) |
LM Insurance Corporation Services & Products
LM Insurance Corporation offers a wide range of insurance products and services to meet the diverse needs of its customers.
Some of the types of insurance offered by the company are:
- Auto insurance: This covers your vehicle and its occupants in case of accidents, theft, vandalism, fire, or other damages. You can choose from different coverage levels and options, such as liability, collision, comprehensive, medical payments, uninsured/underinsured motorist, rental reimbursement, roadside assistance, and more.
- Home insurance: This protects your home and its contents from various perils, such as fire, smoke, windstorm, hail, lightning, theft, vandalism, or water damage. You can also add optional coverages for personal property replacement cost, identity fraud expense coverage, water backup and sump overflow coverage, valuable items coverage, and more.
- Life insurance: This provides financial security for your loved ones in case of your death. You can choose from different types of life insurance policies, such as term life, whole life, universal life, variable life, or annuities. You can also customize your policy with riders for accidental death benefit, disability waiver of premium, guaranteed insurability option, living benefits rider, and more.
- Business insurance: This covers your business and its assets from various risks, such as property damage, liability claims, business interruption, workers’ compensation, commercial auto, cyber liability, and more. You can also tailor your policy with endorsements for equipment breakdown, employment practices liability, business income extension, and more.
LM Insurance Corporation Financial Details
The corporation strives to offer competitive and affordable premium costs for its customers.
LM Insurance Corporation offers various payment options for its customers.
You can choose to pay your premium monthly, quarterly, semi-annually, or annually.
You can also choose to pay your premium online, by phone, by mail, or in person.
LM Insurance Corporation also offers various discounts and promotional offers for its customers.
Some of the discounts and offers are:
- Safe driver discount: You can save up to 30% on your auto insurance premium if you have a good driving record and no accidents or violations in the past five years.
- Homeowner discount: You can save up to 10% on your auto insurance premium if you own your home or condo.
- Good student discount: You can save up to 15% on your auto insurance premium if you are a full-time student with a grade point average of 3.0 or higher.
- New customer discount: You can save up to 10% on your first year’s premium if you switch to LM Insurance Corporation from another insurer.
- Loyalty discount: You can save up to 10% on your renewal premium if you stay with LM Insurance Corporation for at least three years.
- Online purchase discount: You can save up to 12% on your premium if you buy your policy online through the company’s website.
LM Insurance Corporation Coverage Details
LM Corporation offers comprehensive and flexible coverage options for its customers.
You can choose from different coverage levels and options depending on your needs and preferences.
However, you should also be aware of some policy exclusions and limitations that may apply to your coverage.
Some of the common policy exclusions are:
- Intentional acts: Your policy does not cover any losses or damages that are caused by intentional or fraudulent acts by you or anyone else acting on your behalf.
- War or terrorism: Your policy does not cover any losses or damages that are caused by war, civil war, insurrection, rebellion, revolution, nuclear radiation, or terrorism.
- Wear and tear: Your policy does not cover any losses or damages that are caused by normal wear and tear, deterioration, depreciation, or obsolescence of your property.
FAQs
How do I get a quote from LM Insurance Corporation?
You can get a quote from LM Corporation online, by phone, or in person.
How do I file a claim with LM Insurance Corporation?
You can file a claim with LM Corporation online, by phone, by mail, or in person.
How long does it take for LM Insurance Corporation to process my claim?
The time it takes for LM Corporation to process your claim depends on various factors, such as the type and severity of your loss, the availability of evidence and witnesses, the cooperation of other parties involved, and the complexity of your policy.
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I’m Jose, a business enthusiast and an expert in the insurance field. As a graduate of Eastern University in Business Administration, I have gained significant knowledge insurance. Join me as we delve into everything you need to know about insurance.