Insurance company "Liberty Insurance": customer reviews and rating

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The Liberty Insurance Company specializes in direct insurance programs. This means that sales are made directly, without the participation of intermediaries. You can buy a policy not only by phone, but also through the organization's own website. Reviews about "Liberty Insurance" are positive primarily because it is very easy and convenient to use the services. The client can at any time go to the website of the organization and study the terms of service, without hurrying and without being nervous, and also immediately find out how much this or that package of services will cost.

Everything for everyone

"Liberty" - insurance for people traveling abroad, motorists, as well as programs to protect life, property, he alth. There are quite a lot of options presented, there are additional conditions that can be included in the program or save money by refusing them. The company has reasonable prices for everything. For example, the hull program of Liberty Insurance is almost two times cheaper than that of competitors. Yes, and insurance for tourists among the offers of the organization differ markedly from the largest insurers. In many ways, this is why Liberty Insurance has become so popular andsuccessful, and reviews are mostly positive.

About 61% of transactions are transport insurance programs, of which 14% of clients apply for OSAGO. Up to 23% of clients need personal insurance programs. Participation in it is a voluntary initiative. Another 12% of clients need property insurance programs (not including cars). Addresses of the insurance company and information on tariffs are detailed on the organization's website.

Historic milestones

The company first entered the insurance market in 1993. At that time there was no insurance company "Liberty Insurance", initially the services were provided under the name of IC "Class". Quite big changes in the structure of the organization took place in 1999 with the merger with Lenstroymaterialy. Nine years later, all shares were purchased from this legal entity. And the organization came under the control of KIT Finance. Reviews of insurance companies that Liberty managed to visit over the long years of its existence differ radically - there are users who are satisfied with the quality of services, but there were also those who said that the organization was a bunch of charlatans.

Under the management of an investment bank, the firm changed its name again - now it has become known as "KIT Finance Insurance". It was then that reviews of the insurance company began to be dominated by positive ones. Representatives of the board already then announced plans to invest in the direct insurance system. The situation did not develop in the best way - the global economic crisis came,brought the bank to the brink of bankruptcy. So the insurance company once again changed its big bosses, but managed to stay afloat.

New story

In our time, the abundance of addresses of insurance companies evokes the idea that this business is exceptionally promising and profitable. But in 2008, it was not yet so obvious, so the shares of the bank, which included the future Liberty, were sold for only a hundred rubles apiece. Almost half - 45% - were bought by Russian Railways, ALROS.

After some time, these same persons gained control over the insurance business. Kovalchuk soon acquired another 9% of the firm's securities. And in 2012, almost all shares (99.99%) came under the control of Liberty Mutual. Liberty is insurance for people traveling abroad, property, he alth, life, implemented in compliance with international standards, since the organization is currently part of an international corporation.

General parameters

Reviews on hull insurance for "Liberty Insurance" are mostly positive. However, the company is positively evaluated not only by customers, but also by major experts in the market. In particular, the official credit rating for 2017 is AA++. The specialists predict that the firm will be stable for the foreseeable future.

The level of creditworthiness of the insurer is considered high, so the company is financially reliable and stable. This positively distinguishes it from the background of many insurance organizations providing services in the territory of the Russian Federation. This means that reviews on "Liberty Insurance" in the future will not beworse than now. In general, the organization is close in its level to companies rated at AAA. Many analysts predict that the firm will be able to achieve this new level of reliability in the future.

Liberty insurance: moving forward

Reviews on hull insurance for "Liberty Insurance" are positive, the organization has a large client base and is actively developing it. Of the innovations designed to attract new participants and retain old ones, the following proposal turned out to be the most attractive to the public: the company is ready to extend the hull insurance policy without the payer's personal appearance in the office. You can increase the duration of insurance coverage by calling toll-free or through your personal account on the company's website.

From the reviews about "Liberty Insurance" it is clear that customers receive paid policies almost instantly: they are sent to them by mail. If the user has lost the letter - it does not matter. The site has a personal account in which the document is available at any time. The policy is signed strictly according to the law - with an electronic signature that has undergone enhanced encryption, which protects against counterfeiting. Documents are valid upon presentation in any instance.

For motorists: protection for all occasions

Reviews about "Liberty Insurance" among motorists indicate that customers are satisfied with both the program itself and its cost, as well as the company's fulfillment of its obligations.

The Casco program allows you to protect yourself from the unpleasant consequences of theft, theft of a car received inaccident damage. There are conditions in a situation where a motorist collided with a parked vehicle or ran into an object or even an animal. Insurance against theft of individual parts of the mechanism is provided.

Expanded options for those who are afraid of trouble

If desired, the program can be supplemented with protection against the risk of damage, loss of additional equipment. You can insure against an accident or request additional options.

The most popular accessibility features that motorists request from an insurance company:

• coverage of insured events abroad, especially in the Schengen area;
• protection against loss, theft, damage in an accident wheels;
• payment of the cost in the event of an insured event in full, excluding depreciation.

If the policy is issued in the office, the firm's specialist will inform about all these options and offer the most relevant for a particular client. But if the policyholder purchases the program via the Internet, then it is enough just to check the boxes next to the desired service, and it will be included in the price. By the way, it will immediately become clear what an increase in the price this or that opportunity gives.

Obligatory reinsurance

This program was available a few years ago but has since been discontinued. Not so long ago, the insurance company announced that the service is being provided again. Clients can purchase it on their property. It is supposed to cover the fire portfolio, andas well as installation and construction projects. You can insure your liability to other legal entities and individuals. If necessary, the program allows you to organize protection against a variety of engineering risks.

The venue for the arrangement is the Western reinsurance market. The leading party is Gen Re. Net line - 30 million US dollars. The capacity is automatically set at 15 million. At present, the authorized capital of the insurance company itself is 480.76 million

Travel insurance reviews

One of the main activities of an insurance organization (except for car owners) is the provision of tourist insurance services. Equally beneficial programs apply to those who travel in Russia and to people traveling abroad. Comparative price analysis shows that the company offers some of the best rates in the country.

As for the reviews about "Liberty Insurance" among tourists, the information available to the general public helps to form a positive image of the company. Of course, on a tourist trip (and having insurance is a prerequisite for many visas), situations that fall under the conditions of the program are not often encountered, but if they do occur, as people who find themselves in them report, the company successfully copes with the fulfillment of its obligations. However, it is worth noting that during the crisis, when the company changed owners about a decade ago, the quality of services wasat a much lower level.

Summing up

Liberty Insurance is one of the few insurance companies that offer their customers worldwide support, which is available at more than reasonable prices. Despite the fact that the company is part of an international corporation, it is focused on Russian clients of various levels. There are good offers for tourists, car owners and those who wish to insure their he alth and property. It is also beneficial to work with organizations and enterprises of various sizes.

If you believe the feedback on the work of the organization, presented in abundance on the World Wide Web, "Liberty Insurance" supports customers who find themselves in a difficult situation. Despite the fact that insurance is one of the most controversial types of business, where the client is almost always sure that the organization serving him is cheating, Liberty had practically no conflict situations. This clearly demonstrates that the organization is trustworthy, which means that trusting it with your money is a reasonable decision. The company's annual turnover shows that many people have already come to this conclusion.