American Risk Insurance
American Risk Insurance

Welcome to our in-depth examination of American Risk Insurance Company and its products. You’ve come to the perfect site if you’re seeking dependable homeowners insurance. In this article, we will delve into giving reviews on key topics such as the American Risk Insurance coverage options, its commitment to personalized service, its availability, claims, and what the American risk management risk retention group is about. Let’s get to it.

Who is American Risk Insurance Company?

American Risk Insurance (“ARI”) specializes in offering low-cost home insurance to residents of Texas, Oklahoma, and Louisiana. They also provide business insurance to clients in Texas. ARI operates via a network of independent agents.

Existing clients can use the company’s website to find an agent, obtain answers to their queries, examine their policy, or file a claim, which can save them time.

If you aren’t currently a customer, you can use the website to learn about the many types of property coverage available, find the property address and hours of your local agent, and contact them via email.

A Brief Overview of American Risk Insurance Company

  • Founded in 2007
  • Rated “A” (Exceptional) by Demotech
  • Not rated by the Better Business Bureau (BBB)
  • Coverage available in three states
  • Reporting claims 24 hours a day, seven days a week

American Risk Insurance Company, founded in 2007, now provides coverage in three states: Oklahoma, Texas, and Louisiana. The insurance company provides a variety of personal coverages, such as home insurance, renters’ and condo owners’ insurance, and commercial property insurance.

ARI is a for-profit insurance firm. According to their LinkedIn profile, they have fewer than 50 employees. The insurance firm takes pleasure in being available whenever consumers need to make claims, offering claims services 24 hours a day, seven days a week.

ARI has established a reputation as a dependable insurance firm with a promising future. ARI receives an overall “A” rating from Demotech, suggesting that the company is an excellent choice for insurance clients. Customers who receive high ratings are assured that ARI provides guaranteed, dependable coverage.

Use our national insurance company directory to find the best business to fit your needs while looking for insurance in your state. You can choose insurance firms that specialize in your unique coverage requirements and be linked to a local agent.

American Risk Insurance Company Reviews its Products

American Risk Insurance provides both personal and commercial insurance.

Owners of rental homes and apartment complexes can benefit from their business lines of insurance. They also provide insurance certificates to their corporate clients.

ARI’s personal homeowner’s insurance plans include the following:

  • Home Structure Coverage. This policy only covers your home and any immediate attachments, such as the garage or patio. Coverage is only available if the harm is caused by particular circumstances. This could include anything from fire and lightning to hail and tornadoes. Texas has the most number of tornadoes in the country.
  • Personal Belongings Coverage. This covers any damage or theft to your personal possessions, as well as vandalism. Falling objects, frozen pipes, and water damage could all cause harm.
  • Special Form Policy. This sort of coverage includes medical payments and additional living expense liability if someone is hurt in the home. This type of plan covers the majority of the risks, including foundation concerns and pet damage.

ARI also provides its customers with a number of add-ons. Here are some optional extras you can include in your policy:

  • Upgrade to energy-efficient appliances: partial coverage
  • Coverage for structures not related to your home, such as a shed
  • Insurance for faulty items such as air conditioners and water heaters
  • Vandalism and theft protection for new residences still under construction
  • Features of American Risk Insurance Company’s Website

American Risk Insurance features a well-designed website with few capabilities for its customers. You can pay your bill online by entering your policy number, last name, and ZIP code. You can also create an account to gain access to basic account management features.

ARI provides an online agent resource portal for managing customer information and portfolios as an agent. There is currently no online app for ARI.

American Risk Insurance Company Contact Information

On its website, the corporation provides a wealth of contact information, including direct lines to several departments. The main phone number for American Risk Insurance is (866) 711-1979.

They also feature a payment remittance center if you want to pay your bill using a check or money order:

Payment Remittance Center of American Risk Insurance Company P.O. Box 270604 Houston, Texas 77277-0604

Customer Service Reviews for American Risk Insurance Company

The following is a list of ARI’s customer service choices and availability.

  • Online bill pay
  • Phone contact option
  • Fax contact option
  • Email contact option
  • 24/7/365 claims reporting
  • Customer service hours are unknown.

Collaborate with an independent insurance agent to provide excellent client service. Independent insurance agents can handle claims and other issues on your behalf, allowing you to relax and enjoy your coverage.

What is the Claims Process at American Risk Insurance Company?

The official website of American Risk Insurance Company gives the following information on the carrier’s claims process.

#1. What details will my American Risk Insurance Claims Representative require?

Your name, contact information, insurance policy number, and a detailed description of the loss.

#2. What should I do if I suffer a loss?

Get everyone to a safe place. If assistance is required, contact the police or fire departments. Photograph or videotape the damage. Please make interim repairs to your property to prevent more damage, and retain all receipts for your American Risk Insurance business claims adjuster. Please do not throw away any damaged items, equipment, or parts that were involved in the cause of your loss. In order to thoroughly investigate your claim, the claims adjuster at American Risk Insurance will need to visually inspect and collect these things.

What are the American Risk Insurance Company’s discounts?

ARI does not make precise discount information readily available. However, an independent insurance agent can assist you in locating any discounts you may be eligible for through the carrier. Independent insurance brokers work hard to get you the most cost-effective coverage that does the job correctly.

Reviews of American Risk Insurance’s Financial Strength

American Risk Insurance does not have an A.M. Best rating, however, they have been rated by Demotech. Demotech is a company that assesses insurance companies’ financial viability. They are not as well-known as A.M. Best, but they have been examined and accepted by Fannie Mae, Freddie Mac, and HUD as independent financial analysis firms.

Demotech has been in business since 1985 and has grown to be a huge, trustworthy financial firm.

Demotech has rated American Risk Insurance’s financial stability as “A,” which is extraordinary. This rating was issued in November 2021 for their operations in Texas.

ARI has had a net surplus that has risen steadily over the last three years. The financial strength of an insurance company is critical since it might indicate whether or not the company will pay out client claims.

Reviews of American Risk Insurance Complaints

Examining a company’s confirmed complaints might help provide a more accurate picture of its performance.

In 2021, ARI received a complaint index score of 11. This is significantly higher than the average complaint index score of one. The National Association of Insurance Commissioners compiles the complaint index score.

The ARI complaint index has grown year after year. They received three complaints in 2019. They had 7 complaints in 2020. Then, they received 11 complaints in 2021. When choosing ARI for your homeowner’s insurance, consider the following factors: multiple unfavorable customer reviews and a very high complaint index score.

Overall American Risk Insurance Reviews

Although ARI’s financial strength has earned the highest rating obtainable from Demotech, consumer feedback is mixed.

Their average rating is around 2.2 stars based on approximately 400 online evaluations written by customers. This rating is below the national average for home insurance companies.

Customers’ most common criticism is that the company is unresponsive. Many customers have reported having to leave multiple messages in order to reach a live person, and many have reported being unable to reach anyone at the company at all.

Customers have stated that the claims process is a difficult effort for the organization, and many customers have had claims denied. Clients have given positive feedback. Many consumers have had excellent service from the organization, and while the claims procedure is lengthy, it is completed on time.

It might be difficult to judge an insurance business based on internet customer reviews because most people submit reviews when they have had a terrible experience.

What is the American Risk Insurance average claims response time frame?

Although American Risk Insurance provides plenty of information on how to file claims, they can not guarantee a certain claims response time period.

What is ARI’s customer service availability?

ARI’s customer care phone number does not mention business hours, however, their claims department is open 24 hours a day, seven days a week.

Is ARI a good insurance company?

ARI is one of the market’s youngest carriers, yet it has a good Demotech rating. The BBB has not rated the carrier. Customer feedback appears to be quite mixed, making it difficult to establish whether ARI is a good insurance business.

What Is Risk in Insurance Terms?

In insurance, risk is defined as the “uncertainty of the occurrence of an event that can cause economic losses.”

How Does Risk Insurance Work?

Risk insurance operates on the idea of risk pooling, in which policyholders pay premiums to the insurance company, which then utilizes those funds to compensate policyholders for covered losses in accordance with the terms and conditions of the insurance policy.

What Is Time on Risk Insurance?

When an insurance policy is canceled, the insurer utilizes this time period to compute the premium owing for coverage granted up until the date of cancellation.

What Does an All-Risk Insurance Policy Cover?

“All risks” insurance (also known as open peril insurance) is a type of insurance that automatically covers any risk that the contract does not expressly exclude. All risk insurance is available in a range of businesses. Agriculture, business, machinery, and real estate are among the examples.

What Are the Four Types of Risk Management in Insurance?

Risk management is divided into four categories that encompass a wide range of circumstances. They are as follows:

  • Risk Avoidance.
  • Risk Reduction.
  • Risk Transfer.
  • Risk Retention.

Is Risk Management a Good Job?

Risk management provides excellent job security. This subject is frequently appealing to folks who appreciate problem-solving and putting their quantitative and analytical talents to the test. A good work-life balance for a finance job, with decent pay to match.

What Is an Example of a Particular Risk in Insurance?

In contrast to fundamental risk, particular risk refers to dangers that affect an individual, such as a fire that destroys a family home, automobile theft, or robbery. Certain dangers can be covered.

In conclusion

ARI is a medium-sized insurance firm that promotes individualized customer care and low pricing. However, looking at consumer complaints and unfavorable reviews, one has to wonder if this is a fact.

ARI has an excellent financial grade, which bodes well for the company’s future and demonstrates a solid ability to pay out client claims. Because they only operate in three states: Texas, Louisiana, and Oklahoma, their coverage area is quite limited.

ARI provides regular homeowner’s insurance products to its consumers as well as commercial insurance coverage. There are several ways to contact ARI, including phone, email, and mail. Customers and agents can use their website to access basic tools. If you believe it will work for you, go for it.


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