The company also has offices in other areas, such as Scottsdale Insurance of Florida and Scottsdale Insurance of Columbus, Ohio. It is not allowed and is used to insure less common companies or companies with unusual coverage requirements, such as the liability of the electronic security industry, with its need to include coverage for errors & for omissions, which Scottsdale's admitted compensation cannot provide. For four decades, Scottsdale Insurance has been offering accident products for 26% of properties, mainly in the commercial arena. The NAIC also provides information on the losses of the Scottsdale Insurance Company, as well as on the status of incorporation of the Scottsdale Insurance Company.
Whereas unadmitted insurers can freely customize a policy to suit the characteristics and needs of less common customers or from the most exclusive industries, without first having to obtain a supplementary rate plan approved by the state Department of Insurance. For example, you can buy your car insurance policy and your life insurance from the same company if you want. Adding another driver to your car insurance policy means that your car will spend more time on the road, as it will be driven by several people. As you can see, it's always best to check with your insurance provider to see what insurance discounts are available to you.
In our example above, does this mean that customers of Scottsdale Indemnity Co., admitted, are less at risk of their insurer going bankrupt than customers of Scottsdale Insurance Co., which is not admitted? Not at all. Through this process, the insurer can determine your risk factors and decide if it wants to insure you and, if so, at what price. When it comes to personal lines, Scottsdale writes a variety of home insurance policies and liability options, and it also owns the pet health insurance company Veterinary Pet Insurance (VPI). This auto insurance review will look at operations both through the Scottsdale entity and its parent company, Nationwide.
Scottsdale Insurance is part of Nationwide Mutual Insurance Company's specialized E & S team.