Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Sep 22, 2020

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Key takeaways...

  • Alamance Insurance Company is registered as a Fire & Casualty insurance company and was incorporated in Florida in 1998
  • Alamance is part of the Burlington Insurance Group, Inc. and Guilford Specialty Group
  • Alamance’s two-car insurance plans are Commercial General Liability and Garage Liability

Alamance Insurance Company has not specialized in a particular type of insurance.

It provides general insurance including auto insurance, health insurance, home insurance, boat insurance, airplane insurance, and business insurance.

Read through this review of Alamance car insurance and then be sure to enter your zip in above for a free car insurance comparison from many different car insurance companies online!

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Table of Contents

History Alamance Car Insurance Company

Alamance Insurance Company is registered as a Fire & Casualty insurance company and was incorporated in Florida in 1998.

The company’s headquarters are in Burlington, NC. Alamance is part of the Burlington Insurance Group, Inc. and Guilford Specialty Group.

Other members of the two Groups include First Financial Insurance Company, Guilford Insurance Company, and The Burlington Insurance Company.

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Alamance Car Insurance Plans

The main insurance plans offered by Alamance include:

Alamance’s two-car insurance plans are Commercial General Liability and Garage Liability.

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Commercial General Liability is mainly targeted at:

  • Apartment owners
  • Homeowners
  • Townhouse and condominium associations
  • Manufacturers
  • Mercantile services providers
  • Restaurants
  • Sales and consulting businesses
  • Most classes of services
  • Vacant lands and buildings owners

The company offers competitive premiums based on an in-house risk assessment analysis that considers factors such as depreciation, the value of the product among others.

The client gets tailored premiums based on their requirements.

Features of Commercial General Liability

Alamance Insurance Company offers its customers a variety of options with their insurance coverage, which includes:

  • Packaged credits
  • Deductible liability – per occurrence or per claim
  • Low payroll amounts for executive officers, corporate or co-partners
  • Medical payments of up to $5,000
  • Damage cover to premises rented to you up to a limit of $300,000
  • Hired and non-owned auto liability coverage
  • Buy-back of contract liability amendment
  • Flat charges for additional parties to be insured
  • Automatic endorsement of additional parties to be insured
  • Waiver of subrogation
  • Primary and non-contributory coverage
  • Various options for customized coverage
  • Limits of up to $1,000,000/$2,000,000 are available
  • Fully developer rates for those classifications within the client’s binding authority
  • Over 9,000 classifications

Garage Liability coverage is mainly targeted at used car dealers and non-dealer garage service businesses. This plan is however not available in all jurisdictions.

The target group for this plan includes owners of motorcycles, recreational vehicles (RVs), heavy trucks, sports utility vehicles (SUVs), private passenger cars and dealer pick-up trucks.

The plan also targets non-dealer auto services including:

  • Tires shops
  • Recreational vehicle repair shops
  • Motorcycle repair
  • Heavy truck repair
  • Full-service car washes
  • Body and paint shops
  • Auto repair shops

Alamance Financial Stability

Alamance Insurance Company is rated A (Excellent) by AM Best. The company is ranked among those in the $250 million to $500 million financial category.

Alamance has not been in the insurance industry for a long time and hence it is not widely known. It is also yet to identify a specific insurance product niche to provide to customers.

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Review of Alamance Insurance Products

Alamance provides general insurance coverage that similar to that provided by many insurers and also offers tailor-made premiums to customers.

However, its lack of a national reach seems to be stifling its growth.

Make sure that you compare any Alamance car insurance quotes with quotes from other companies. Enter your zip code below to get started for FREE!

References:

  1. https://www.healthcare.gov/
  2. https://www.shelterinsurance.com/insurance/farminsurance/farmliabilityinsurance/
  3. https://www.irmi.com/term/insurance-definitions/inland-marine-coverage
  4. https://www.travelers.com/
  5. https://www.hiscox.com/small-business-insurance/business-owner-insurance/non-owned-auto-liability
  6. https://www.progressivecommercial.com/business-insurance/general-liability-insurance/