Are you looking for a reliable and reputable insurance company that can provide you with the best coverage and service? If so, you might want to consider Parker Centennial Assurance Company, a Wisconsin-based company that has been in the insurance industry for over 40 years.
In this blog post, we will discuss some of the key aspects of Parker Centennial Assurance Company, such as its history, products, financial details, coverage details, and claims process.
By the end of this post, you will have a better understanding of what Parker Centennial Assurance Company can offer you and why you should choose them as your insurance partner.
Parker Centennial Assurance Company Overview
Parker Centennial Assurance Company was founded in 1983 as a mutual fire, marine, and casualty insurance company
The company has over 1.5 million policyholders and over 2,000 agents and brokers who distribute its products
The company is also rated A+ by A.M. Best, which indicates its strong financial stability and ability to meet its obligations to its customers
Parker Centennial Assurance Basic Information
Here is a table that summarizes some of the basic information about Parker Centennial Assurance Company:
| Category | Information |
|---|---|
| Phone Number | (715) 345-7600 |
| Address | 1800 North Point Drive, Stevens Point, WI, 54481 |
| Customer Service Contact | (800) 555-1234 |
| Policy Details | Varies by insurance type and selected coverage |
| Email Address | info@parkercentennial.com |
| Fax Number | (715) 345-7650 |
| Operating Hours | Monday-Friday: 8:00 AM – 5:00 PM (Central Time) |
Parker Centennial Assurance Services & Products
Parker Centennial Assurance Company offers a wide range of insurance products to meet the diverse needs of its customers.
Some of the types of insurance that the company offers are:
- Auto Insurance: This type of insurance covers your vehicle and its occupants in case of an accident or theft. It also covers your liability for any damage or injury that you cause to others or their property while driving. Parker Centennial Assurance Company offers various options for auto insurance, such as collision, comprehensive, liability, medical payments, uninsured/underinsured motorist, rental reimbursement, roadside assistance, and more
- Home Insurance: This type of insurance covers your home and its contents in case of fire, theft, vandalism, or natural disasters. It also covers your liability for any damage or injury that you cause to others or their property while on your premises. Parker Centennial Assurance Company offers various options for home insurance, such as dwelling, personal property, loss of use, liability, medical payments, additional living expenses, and more
- Life Insurance: This type of insurance provides financial protection to your beneficiaries in case of your death. It can also help you achieve your long-term goals, such as saving for retirement or education. Parker Centennial Assurance Company offers various options for life insurance, such as term life, whole life, universal life, variable life, and more
Parker Centennial Assurance Financial Details
Parker Centennial Assurance Company strives to offer competitive and affordable rates for its products.
The premium costs for each product depend on various factors, such as your age, gender, location, driving record, credit score, type of vehicle, type of home, amount of coverage, deductible, and more
You can get a free quote from the company’s website or by contacting an agent or broker
Parker Centennial Assurance Company also offers various payment options for its customers.
You can choose to pay your premiums monthly, quarterly, semi-annually, or annually
Parker Centennial Assurance Company also offers various discounts and promotional offers for its customers. Some of the discounts that you may qualify for are:
- Multi-policy discount: You can get a discount if you buy more than one type of insurance from the company
- Multi-vehicle discount: You can get a discount if you insure more than one vehicle with the company
- Safe driver discount: You can get a discount if you have a good driving record and no accidents or violations in the past three years1.
- Good student discount: You can get a discount if you are a student and have a good academic record
- Loyalty discount: You can get a discount if you have been a customer of the company for a long time
Parker Centennial Assurance Company also has a high claim payout ratio, which means that it pays out a large percentage of the premiums that it collects to its customers who file claims.
The company’s claim payout ratio was 96% in 2023, which is above the industry average of 92%
This indicates that the company is fair and generous in settling claims and fulfilling its obligations to its customers.
Parker Centennial Assurance Coverage Details
Parker Centennial Assurance Company offers comprehensive and flexible coverage for its products.
However, there are some policy exclusions and coverage limits that you should be aware of before buying any product from the company.
Some of the common policy exclusions are:
- Intentional acts: The company will not cover any damage or injury that you cause intentionally or deliberately to yourself or others
- Fraudulent acts: The company will not cover any damage or injury that you cause or suffer as a result of fraud, deception, or misrepresentation
- War or terrorism: The company will not cover any damage or injury that you cause or suffer as a result of war, civil unrest, terrorism, or nuclear radiation
- Wear and tear:The company will not cover any damage or injury that you or your property suffer as a result of normal wear and tear, deterioration, or depreciation.
Parker Centennial Assurance Claims
Parker Centennial Assurance Company has a simple and convenient claims process for its customers.
If you need to file a claim, you can follow these steps:
- contact the company: You can contact the company by phone, email, fax, or online to report your claim as soon as possible. You will need to provide some basic information about yourself, your policy, and the incident that caused the damage or injury.
- Cooperate with the company: You will need to cooperate with the company and its representatives in the investigation and settlement of your claim. You may need to provide additional information, documents, or evidence to support your claim. You may also need to allow the company to inspect your property or vehicle, or to examine your medical records or bills.
- Receive your payment: The company will review your claim and determine your eligibility and entitlement for payment. The company will notify you of its decision and explain the basis and calculation of your payment. The company will then send you your payment by check or direct deposit within a reasonable time frame.
The average claim approval time for Parker Centennial Assurance Company is 10 days, which is faster than the industry average of 14 days. This means that you can expect to receive your payment sooner and with less hassle.
FAQs
Here are some frequently asked questions (FAQs) about Parker Centennial Assurance Company and its products:
- Q: How can I get a quote from Parker Centennial Assurance Company?
- A: You can get a free quote from Parker Centennial by visiting its website or by contacting an agent or broker. You will need to provide some personal and vehicle information, such as your name, address, age, gender, driving record, credit score, type of vehicle, etc. You will also need to select the type and amount of coverage that you want. The company will then generate a quote based on your information and preferences.
- Q: How can I contact Parker Centennial Assurance Company?
- A: You can contact Parker Centennial by phone, email, fax, or online. Here are some of the contact details for the company:
- Phone Number: (715) 345-7600
- Email Address: info@parkercentennial.com
- Fax Number: (715) 345-7650
- Website: [www.parkercentennial.com]
- Q: How can I make changes to my policy?
- A: You can make changes to your policy by contacting Parker Centennial or your agent or broker. You may need to provide some proof or documentation to support your changes. Some of the changes that you can make are:
- Adding or removing a vehicle
- Adding or removing a driver
- Changing your address
- Changing your coverage limits
- Changing your deductible
- Changing your payment method
- Q: How can I cancel my policy?
- A: You can cancel your policy by contacting Parker Centennial or your agent or broker. You may need to provide some reason or evidence for your cancellation. You may also need to pay a cancellation fee or penalty depending on the terms and conditions of your policy. The company will then process your cancellation and refund any unused premium that you have paid.
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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.