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Broome Co-operative Insurance Company | Regional Insurance Vestal, NY

Rating Plan

by sdavey@bcicny.com | Jan 31, 2013 | Term of the Day

The collection of rates, rules, definitions, discounts, surcharges and so forth used in applying the rates.

Leverage

by sdavey@bcicny.com | Jan 30, 2013 | Term of the Day

The relationship between what a business borrows and what it owes.

Pure Risk

by sdavey@bcicny.com | Jan 29, 2013 | Term of the Day

A risk for which there is no possibility of gain, such as getting your car stolen.

Scheduled Property

by sdavey@bcicny.com | Jan 24, 2013 | Term of the Day

A listing of  personal property for a specific stated insured value. Usually for valuable items that may be subject to limited coverage.

Loss Payable Clause

by sdavey@bcicny.com | Jan 15, 2013 | Term of the Day

A condition in a policy that states that an insured can direct an insurance company to pay any losses that are due to a third party.
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Contact Information

Broome Co-operative Insurance Company
1923 Vestal Parkway East
PO Box 1280
Vestal, NY 13851
Phone: (607) 321-2655
Toll Free: (866) 921-BCIC
Fax: (607) 321-2644

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Additional Information

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Financial Standing

Broome Co-operative is rated A′ (A Prime) Unsurpassed by Demotech, Inc.

Broome Co-operative is rated B++ (Good) by AM Best.

Broome Co-Operative Insurance Company BBB Business Review

Mission & Values

The mission of Broome Co-operative Insurance Company, on behalf of our Policyholders, is to provide protection and assurance to policyholders and agents by providing superior property/casualty products, combined with exceptional service and a financially sound company.

Customers
We value our relationships with both agents and policyholders. We maintain a strong interactive relationship listening to our customers and providing innovative solutions and extraordinary service.

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