Where is GAINSCO available?
GAINSCO sells our insurance policies through a network of independent agent partners and web marketplaces in the states of Arizona, Florida, Georgia, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, Virginia, and Alabama. To get a fast, easy quote now, go to www.gainscoagency.com.
Is GAINSCO and MGA the same?
Our insurance operations are conducted through MGA Insurance Company, Inc. GAINSCO, Inc. was established in 1978 and has a regional office in Miami, Florida. In December 2020, State Farm Mutual Automobile Insurance Company acquired GAINSCO, Inc.
How long is GAINSCO grace period?
If the appropriate annual renewal payment is not mailed/postmarked (U.S. Postal Postmark) by the actual annual anniversary date, coverage will expire effective that date (there is no grace period). There is a 10-day late fee if you miss a day or two in making a payment.
What states does GAINSCO operate in?
The Company, through its insurance brand, GAINSCO Auto Insurance®, specializes in minimum-limits personal auto coverage and actively distributes its nonstandard personal auto products through independent retail agents in Arizona, Florida, Georgia, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, Virginia.
Does GAINSCO have an app?
More about Gainsco Mobile app: Similarly to its website, Gainsco’s mobile app allows users to get a quote, report a claim, request an agent and make a payment. The app is available for both Apple and Android devices.
What does MGA stand for in insurance?
managing general agent
Key takeaways. The managing general agent (MGA) model, in which specialised insurance agents or brokers underwrite on behalf of insurers or other capital providers with delegated authority, has grown rapidly over the past decade.
Does State Farm own GAINSCO?
BLOOMINGTON, Ill., December 31, 2020 – In September, State Farm Mutual Automobile Insurance Company announced an agreement to acquire non-standard auto insurer GAINSCO for approximately $400 million in cash.
What happens if you don’t pay your insurance premium?
A: If you fail to pay your premiums and exhaust the grace period for plans offered in a health insurance marketplace, you will lose your insurance coverage. In order to keep coverage in place past the end of the grace period, you have to be fully paid-up by the end of the grace period.
Is GAINSCO a stock company?
Biographical Information – Glenn Anderson GAINSCO is a publicly-traded property & casualty insurance company headquartered in Dallas, Texas. The company currently markets its nonstandard personal automobile products under the brand name GAINSCO Auto Insurance in the 15 states.
What is an insurance MGA?
Managing General Agent (MGA) — a specialized type of insurance agent/broker that, unlike traditional agents/brokers, is vested with underwriting authority from an insurer.
What is GAINSCO email address?
Management. Email us at [email protected].