Shopping for property insurance

[Jacky Hung]

My AllState rental property insurance cost keeps going up at the average rate of 17% per year for the past two years in the row and no sign of going down and I have zero claim.  That forced me to shop around for better deal.  I got quotes from Hippo which I have never heard of.  Their overall price is cheaper than any other insurance companies (Farmers, SafeCo, etc.)  Does any one have Hippo insurance policy and can share pros and cons?  By the way, my properties are in California.  Thank you!

[John Mocker]

Jacky,
I have not heard of Hippo. I would suggest getting the full Insurance company name and checking with your state insurance department.

You can also check the following sites that rate the Insurance companies:
1. AM Best www.ambest.com
2. Moodys
3. Standard & Poors
These companies rate the Insurance companies for financial strength, claims paying ability, etc.