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Old Republic Health Insurance Company

An Old Republic Health Insurance Company review leads to Old Republic International Corporation. Old Republic International Corporation is one of the top 50 publicly held insurance agencies in the United States. They sell insurance to individuals, businesses, and public institutions through trusted practices and agents.

If you are looking for personal health insurance, you can enter your zip code in the free box now to receive rates and quotes from several top companies.

Old Republic works through a network of companies to provide general insurance, mortgage insurance, title insurance, life insurance, and health insurance. Started in 1923, Old Republic now runs more than 140 entities throughout all 50 states as well as Canada. A.M. Best has given the company a positive financial rating for many years in a row.

Old Republic International Corporation General Insurance

Within the unspecified insurance category, Old Republic offers many different types of coverage. Unspecified categories are categories that are not specific such as auto and home. Unspecified insurance combine accounts for over 93% of Old Republic’s policy writing and policy income.

The first group of unspecified insurance coverage is transportation. Transportation policies are written by Old Republic for:

  • Trucking
  • Aviation
  • GAP coverage
  • Auto warranty coverage
  • Travel insurance

Of this category, trucking accounts for the majority of policies written. Most of these policies are for long hauling trucking.

The second group of Old Republic unspecified insurance is Big Business. Big business coverage is for businesses that gross over ten million dollars a year in straight profit. The majority of policies in this category are written for Risk Management. The bigger a business is the more risk it undertakes making risk management coverage a necessity.

The final group of unspecified insurance policies provided by Old Republic is mid-size business policies. Although this category makes up 30% of the policies in the unspecified category, there are the most divisions. The seven divisions are:

  • Contractors
  • Gas & oil
  • Wholesalers
  • Manufacturing
  • Health care
  • Fidelity
  • Education

Old Republic International Corporation Mortgage Guaranty

Most Americans know the difficulties that the real estate market has brought over the last 10 years. This has caused many mortgage companies and real estate agents to face financial problems and even bankruptcies. This is where mortgage guaranty insurance coverage steps in and adds a layer of protection for mortgage companies and their agents.

This coverage is for loans taken out on homes that are higher than 80% of the value of the home. Having coverage for loans of this amount protect the mortgage company from a total loss should a default take place. Old Republic carries this type of coverage and even allows the mortgage company to decrease the percentage protecting against loans where less than 80% is borrowed.

With more and more people walking away from their homes, mortgage companies are left holding the bill. Even short sales, auctions, and law suits combine do not make up for the money that is lost. Mortgage Guaranty coverage is imperative in one of the rockiest mortgage environments ever and Old Republic provides the trustworthy coverage necessary to give mortgage companies and agents peace of mind.

Old Republic International Corporation Health and Life Insurance

Old Republic sells both health and life insurance policies but it is the smallest aspect of the company. All policies are sold through Old Republic Life Insurance Company in America and Reliable Life Insurance Company in Canada. The way that the life and health insurance policies are sold and run through Old Republic is quite different from other insurance companies.

First, the health and life insurance policies sold are sold exclusively to those who are in the transportation industry. Because of this, the policies are marketed through car dealers, travel agencies, and trucking risk assessment companies. These contracted agencies provide the marketing of Old Republic International Corporation policies in exchange for a small commission.

The types of policies sold are credit life and disability insurance, one type of life insurance and one type of health insurance. They are both specialized insurance coverage options that are ideal for those in the transportation industry. The likelihood of accidents is high so disability coverage makes sense. Traditional life insurance is not always approved for those in the travel industry so credit life makes sense as well.

If you are looking for personal health insurance, you can enter your zip code in the free box now to receive rates and quotes from several top companies.

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