CNA Property Insurance Review: What to Know (2024)

CNA Insurance is a titan in the commercial insurance industry that has been in business for over 100 years. CNA insurance can keep you and your business protected from whatever comes your way through a wide range of insurance products. Keep reading this CNA insurance review to discover more about this company and learn if CNA is the best company for your needs.

What is CNA?

Founded in 1853, CNA is owned by the CNA Financial Corporation. It is one of the most prominent commercial property and casualty insurance companies in the United States. This company also has offices in Europe and Canada. CNA provides a wide range of commercial products that can provide protection for businesses of any size.

The head CNA office is located in Chicago, Illinois. You can contact a CNA customers service representative by calling 1-800-262-2000, or you can send an email to [email protected] if you need any assistance with your policy.

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What property coverage does CNA provide?

If you own a business of any size, you can turn to CNA to protect your building’s structure. CNA offers coverage for shared and layered placements as well as monoline placements.

If your company falls under a shared or layered placement, a maximum coverage capacity of $100 million is available to you. Now, suppose you’re interested in purchasing high hazard category coverage. In that case, you may be able to receive an extra $15 million in coverage. If your company is regarded as a monoline placement, you could purchase over $500 million in coverage.

What other insurance products does CNA sell?

You can purchase a wide range of insurance products from CNA to protect yourself and your business. Some of these insurance products include:

• General Liability
• Casualty
• Small Business Owners Policy
• Commercial Package
• Cyber
• Equipment Breakdown
• Workers’ Compensation
• Warranty & Alternative Risks
• Umbrella & Excess Casualty
• Surety
• Marine

In addition to all these coverage options, you can even purchase coverage for commercial auto policies as well. In short, whether you own a small bookstore or a large food delivery service, you can get the protection you need with coverage from CNA.

How can I file a claim with CNA?

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Can I purchase home insurance through CNA?

You can’t purchase personal lines of insurance like home or auto through CNA. However, if you would like to find a reliable insurance company that can supply coverage for your home, car, and business, you can do so easily with today’s technology.

As long as you have access to the internet, you can use your smartphone or tablet to shop online and get free quotes from major insurance companies like State Farm or Allstate.

When shopping online, you must be prepared to share details about yourself to get an accurate quote. For example, insurance companies will typically require you to share your age, full name, and occupation. You will also need to have information about your home’s construction style and the mileage on your vehicle easily accessible as well.

All of these details influence your rates, so you should also keep an eye out for any discounts that insurance companies offer, like a telematics program or a car safety feature discount. If you think your rates are too high even after applying discounts to your quote, you may want to review your credit score or driving history.

If your credit score is low, work to increase it. Insurance companies use your credit score to ascertain how much risk you pose to the company. So, the higher you can raise your credit score, the higher your chances of lower rates.

Does CNA sell life insurance?

While you can’t buy life insurance or a CNA long-term care insurance policy, you can purchase workers’ compensation plans for your employees.

A CNA workers’ compensation product provides medical expense coverage and wage replacement if any of your employees are hurt while on the job. In addition, CNA offers training courses to teach you how to keep your workplace safe. CNA also has trained professionals who can help your business implement health and safety programs.

How does CNA give back to the community?

On its website, CNA states that the company works to protect the environment by promoting resource efficiency in all its locations and reducing the amount of waste it produces.

The Human Rights Campaign also reported that the CNA Financial Corporation was one of the best places for LGBTQ+ individuals in 2022.

CNA also claims to be investing in science, technology, engineering, and mathematics (STEM) education to promote job security and equality within the insurance industry for the next generation.

How much does a CNA insurance policy cost?

You’ll need to request a quote from CNA to determine the cost of property insurance as sample rates aren’t provided on the company website. However, just like car insurance, your rates for such coverage will be heavily influenced by your home state, the amount of coverage you need, and your claims history.

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Is CNA Insurance highly rated?

Discerning consumers will be pleased to learn that the ratings for CNA are quite impressive. The Better Business Bureau awarded this company with an A+ rating. Such a high rating is a good indication that you can expect to receive top-notch customer care when working with this company.

CNA has also proven itself to be financially strong as it has an A rating from A.M. Best. With such a high rating, you can rest assured that CNA will be able to reimburse you for any claim that you file.

What You Need to Know About CNA Property Insurance

With a commercial property insurance policy from CNA, you can protect yourself and your business from whatever challenges come your way. If you’re looking for a reputable and financially strong company, CNA has excellent ratings from A.M. Best and the BBB. Of course, if you want to find an insurance company that can offer you personal lines of coverage, you will need to shop online to find a company that can better suit your needs.

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