Like most people, I was fully insured with what I thought was good health and auto insurance. Then I was hit by a car. Everything seemed fine, until I got a letter in the mail saying I was being taken to collections for nearly $100,000 of medical bills that insurance companies weren’t paying.
After a lengthy process of recovering the money, I vowed to fix this problem. I vowed to apply my technology background to make sure no other family ever experience the same thing my family went through.
Fortunately, I have a technology, business and mathematics background. That’s the right background for figuring out how to analyze insurance from a consumer perspective. First we had to get the data. Next we had to figure out how to analyze the data. Lastly, we had make the data easy to understand. All this was challenging. However, it was also fun.
The development of the grading system seems like it was ages ago now. Since launching the grading system we’ve had dozens of insurance company executives review both what we do and the results. We’ve also shown the results to hundreds of independent agents. The most common response has been “You nailed it. This system works!”
What does this mean for you?
It means you can now find out before something bad happens if you are with a good insurance company. That’s information I wish I had before my accident.
ValChoice has been a full-time effort for over seven years. I’m thrilled that consumers can finally find out, for free, if they’re with a good auto and homeowners insurance company. Click the links on this page for a free rating on your insurance company. Be sure to get both reports. Companies can vary significantly by type of insurance.
Why I Founded ValChoice
My work to help people buying insurance began with a book, “Injured Money.” I wrote and published “Injured Money” to help consumers better understand the challenges you may face when dealing with difficult insurance claims. Here’s what one reader wrote to me in a thank you note after reading the book, “every driver should not only read Injured Money, but should stow a copy in the glovebox when they’re done.” Getting that thank you note made my day! More information about “Injured Money” can be found on another website, Wish2Know.
The press coverage of ValChoice has been excellent. The reason we get such good press coverage is simple. Just look around. How many companies/people do you see dedicated to bringing transparency to the insurance industry? Yes, we’re rather unique here at ValChoice. For a good summary of how my life evolved from Silicon Valley technology executive to analyst of insurance companies for consumers, read this story published in the San Jose Mercury News.