Nearly 70% of all consumer complaints submitted to the ten largest U.S. home and auto insurers involve claims, according to data from the National Association of Insurance Commissioners and reported by ValuePenguin.

"It's no surprise that claim issues got the most attention among consumers," writes Matt Timmons, technical writer at ValuePenguin. "Handling one of these covered events, such as a car accident or theft in the home, is stressful enough. But the promise of getting fair and prompt reimbursement after a loss is the reason you buy insurance in the first place."

ValuePenguin found that residents in some states experienced more problems involving claims. One-hundred percent of the complaints out of Vermont concerned claims, while claims accounted for more than 90% of insurance complaints in Missouri, West Virginia and Montana.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.