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Beacon Underwriting Ltd.

2.7/5 (5 Reviewers)

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Beacon Underwriting offers:

• Commercial marine, pleasure boat, mobile home, and RV insurance
• Specialized coverage for the entire hospitality industry
• Homeowners insurance coverage for those who have problems getting approved

Beacon Underwriting’s Strengths

• Unique Niche Coverage – Beacon Underwriting Ltd. got its start underwriting insurance for rental boats, charter boats, and recreational watercraft. That pioneering spirit has driving the company to become on of the largest niche insurance underwriters in the country.
• Constantly Expanding Lines – Beacon Underwriting Ltd. is still in the process of growing, so consumers get a growing list of coverage options that are bound to fit their needs. Since the company is still in the process of establishing its product lines, there is plenty of room for custom solutions that could become widespread offerings over time.
• Quality Insurance Networks – Beacon Underwriting Ltd. has been associated with Lloyd’s for many years, and that has only helped to expand its network of quality insurance carriers to improve their product offerings. Beacon Underwriting Ltd. draws products and information from only the finest suppliers in the insurance industry.

Beacon Underwriting’s Insurance Products

• Commercial Marine – Clients can get coverage for everything from small recreational watercraft to their fleet of commercial fishing boats.
• Contents-In-Storage Insurance – Beacon Underwriting Ltd. offers low deductible policies to protect your items in storage. Coverage amounts are customized to fit the client’s needs.
• Mobile Home Program – Beacon Underwriting Ltd. offers comprehensive liability coverage for mobile homes 30 years of age and younger. You can get up to $2 million in liability coverage for your mobile home and surrounding lot.
• Recreational Vehicle Protection – You can get comprehensive coverage for your off road vehicle such as an ATV, dirt bike, snowmobile, and four-wheelers. Coverage includes replacing stolen riding gear, replace stolen locks, and an optional clause for medical rescue services.
• Pleasure Craft and Personal Watercraft Protection – All risk – agreed value policies that will offer up to $5 million in protection.
• Special Events – If you have an event or any kind of large gathering coming up, then Beacon Underwriting Ltd. can help protect you from any financial damage that could occur if a guest gets injured with event liability insurance.

Rating: 0.5 0.5 /5 stars

Will insure you for $90,000 – and then say it’s only worth less than half of that when you have a fire.

Rick on 2018-12-17 1:20:10

This is an incredibly predatory insurance company. We had a lightening strike; the loss was assessed at $63K, and we opted to have Beacon take care of the repairs.

They let the “emergency repairs” go on for FIVE months to do JUST the tear out. Two people could have done it in a weekend.

When the actual repairs were finally done under Beacon’s supervision, we ended up with two different thicknesses of gyprock butted up against each other, holes where the ceiling didn’t reach the walls covered up with strips of trim, ash and char still around the furnace, etc.

Ultimately sent pictures to the president of the company. Who named a new adjuster – who promptly halved the value of the claim. And Beacon then refused to pay the contractor who they had engaged to do the repairs – the contractor then went after us for the work they had done which Beacon hadn’t paid them for.

Oh, there’s more! Including the water that suddenly started coming out from under the new floor – which Beacon said was from a “long term leak around a window”. Supposedly the flooring company put the new floor down over plywood covered with water – really? It was actually bathroom water service fittings a contractor working on the house had forgotten to tighten.

In the end, we ultimately lost our house, had to pay the contractor because we couldn’t afford to fight either Beacon or the contractor in BC Supreme court.

To add insult to injury, they canceled our insurance policy when we complained.

If your insurance broker suggests Beacon Underwriting, run the hell in the other direction.

This company is the poster child for what makes people mistrust insurance companies.

Rating: 2 2 /5 stars

Bruno Fox on 2018-08-18 18:32:03

I had a insurance for my Sailboat, paid for 10 years, never had a claim and was refused this year. Saying Boat is over 50 Years old

Rating: 2 2 /5 stars

KIM MCFARLANE on 2018-05-27 0:05:57

Don’t have a claim or you’ll be looking for a new underwriter

Rating: 4 4 /5 stars

Awesome service

Dawn Critchey on 2018-04-25 14:22:08

Beacon offers awesome service and products and is fantastic in regards to handling claims

Rating: 5 5 /5 stars

Wonderful

Matt on 2017-09-27 2:37:38

I love these guys