Is American Alternative Insurance a Good Company?

UPDATED: Jan 28, 2013

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UPDATED: Jan 28, 2013Fact Checked

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Asked January 28, 2013

1 Answer

American Alternative Insurance Corporation, also known as AAIC, is a highly rated commercial insurance provider. The company is based out of Princeton, New Jersey, and is licensed to provide insurance products throughout the country. The company has been in business for many years and shows no signs of financial or managerial problems.

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Financial Rating
American Alternative Insurance Corporation holds an "A+" (Superior) rating with the A.M. Best Company. This rating is only one grade below the best grade available and signifies that American Alternative Insurance Corporation is a financially strong company, further exemplified by their long term rating of "aa-" (Very Strong). The company has assets of more than 200 million dollars.

Customer Satisfaction
American Alternative Insurance Corporation is focused on niche, commercial markets. Their products are distributed by dedicated agents, and online access is limited. As a commercial insurer, AAIC is a well-liked name, building business by promoting good business practices.

Company Availability
American Alternative Insurance Corporation is based in Delaware but licensed to operate in all 50 states as well as the District of Columbia. Because insurance laws differ from one state to another, not all products will be available in all states. Contact the company or your state department of insurance to find out whether you can get a specific policy in your location.

Insurance Products Offered
American Alternative Insurance Corporation is a liability insurance company. Policies include property, casualty, professional and commercial insurance. They also provide marine and aviation coverage. American Alternative Insurance Corporation does not sell home or auto insurance, nor are they major underwriter of life insurance policies.

Answered January 28, 2013 by Anonymous

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