Saturday, August 23, 2008
Berkshire risk aversion - a follow up
I really appreciate the confirm from my readers. Disagreements about facts should be easily sorted [provided of course I remain adequately circumspect about what constitutes knowledge]. I expect disagreements about interpretation to be much more difficult.
This is a follow up from my Berkshire risk aversion post.
I have received an email from a finance guy who has a homeowners insurance policy attached to his GEICO auto policy. In some states (notably Florida but also possibly other states) this policy may actually be written by Berkshire - but mostly it is a policy whereby GEICO acts as an agent.
Can people with umbrella and homeowners insurance policies from GEICO tell me who the underwriters are for the homeowners component - and what State they are in. Also useful would be the number of years that they were policy holders.
Thanks.
J
General disclaimer
The content contained in this blog represents the opinions of Mr. Hempton. You should assume Mr. Hempton and his affiliates have positions in the securities discussed in this blog, and such beneficial ownership can create a conflict of interest regarding the objectivity of this blog. Statements in the blog are not guarantees of future performance and are subject to certain risks, uncertainties and other factors. Certain information in this blog concerning economic trends and performance is based on or derived from information provided by third-party sources. Mr. Hempton does not guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. Such information may change after it is posted and Mr. Hempton is not obligated to, and may not, update it. The commentary in this blog in no way constitutes a solicitation of business, an offer of a security or a solicitation to purchase a security, or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author. In particular this blog is not directed for investment purposes at US Persons.
5 comments:
Directly from GEICO:"Through Insurance Counselors Inc., the GEICO Property Agency, we can help you secure homeowners insurance through a variety of established service-oriented companies in all states...Homeowners coverages are written through non-affiliated insurance companies and are secured through Insurance Counselors Inc., the GEICO Property Agency, doing business as GEICO Insurance Agency in CA, MA, MI, NJ, NY, OK, SD, UT."
Anon's comment looks pretty confirmatory to me...
J
Just bought a Travelers homeowners policy in TN thru GEICO.
jbr
I have Geico home ins in Chicago, IL. Travellers is the insurance co.
I have homeowners & flood insurance polices bought through GEICO but underwritten by Travelers and I'm in TX.
Post a Comment