Insurance Company Ratings – Homeowners Insurance Melbourne, Florida Insurance Center of Central Florida www.theinsurancecenter.us Get FREE information about Insurance Rates and Insurance Company Ratings, AM Best, Demotech. Log on to www.TheInsuranceCenter.us for complete details. Frank: One of things to consider when buying insurance is the strength of the company. There’s basically two different rating agencies. There’s a company called AM Best, and there’s a second company called Demotech. AM Best is the one most often used on a national basis. They require five years of business before they’ll give you a rating. Kevin: Right. And it’s extremely important that you understand what the rating of your company is or that you have an insurance agent who is willing to explain to you the importance of your insurance company’s rating and why that matters is because when you have widespread damage, catastrophic losses like we have in Florida when hurricanes come through. These are not isolated incidents. This is not one house getting blown down. This is damage across counties, across communities that can add up to be millions and millions and millions of dollars worth of damage. And when that potential is there, you need to be sure that you’ve got an insurance company that is financially strong enough and has the infrastructure to be able to handle that many claims at once and to be able to pay you what you think you’re supposed to be getting when you buy the insurance from them …