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Magnum Insurance

Map & Directions
(2 Reviews)

4259 N Western Ave, Chicago, IL 60618

(773) 539-2102

OPEN NOW
Today: 9:00 am - 8:00 pm
38
YEARS
IN BUSINESS
BBB Accredited businesses follow the BBB Code of Business Practices and pay a fee for accreditation review and monitoring. Accreditation is not a BBB endorsement or evaluation of the business’ product quality or competency in performing services.

BBB Rating and Accreditation information may be delayed up to a week.
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General Info
Founded in 1981, Magnum Insurance is located in Chicago with offices in other states, such as Michigan and Indiana. The company offers homeowners, dwelling fire, flood, personal umbrella liability, commercial package, artisan contractor general liability and builder's risk insurance. The company s programs provide several discounts for risk characteristics that indicate reduced loss exposure. It provides a variety of insurance services, such as risk management, insurance services and consulting solutions, biotechnology, commercial and financial services. In addition, it offers workers compensation, property and casualty, employee benefits, directors and officers liability insurance. Magnum Insurance has a Spanish-speaking staff.
BBB Rating
A+
BBB Rating and Accreditation information may be delayed up to a week.
BBB Accredited businesses follow the BBB Code of Business Practices and pay a fee for accreditation review and monitoring. Accreditation is not a BBB endorsement or evaluation of the business’ product quality or competency in performing services.

BBB Rating and Accreditation information may be delayed up to a week.
Hours
Regular Hours
Mon - Fri:
Sat:
Sun:
Extra Phones

Fax: (773) 539-7551

Fax Number: (773) 539-7551

TollFree: (888) 539-2102

Payment method
cash, check, discover, amex, master card, visa
Neighborhoods
North Side, North Center
AKA

Magnum Insurance Agency Co., Inc.

Other Emails

Categories
Insurance, Auto Insurance, Dental Insurance, Health Insurance, Insurance Consultants & Analysts, Life Insurance, Renters Insurance, Travel Agencies, Travel Insurance

Reviews

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Victor K.
Edited: 02/05/2017
Overall

This is a SCAM insurance, it is known as a Subprime Insurance which means you are paying for nothing but a piece of paper to show the police if you get pulled over. They will not pay for anything, they have been fined by the government many times and have settled countless law suits.
I had this Insurance on my 2002 Honda CRV for more than 3 years, never had a single accident or claim.
In February, my car was vandalized and had my O2 sensors and Catalytic converter stolen, I had a Police report and a video showing the theft. This insurance's first trick was to stall, took them 5 days to pick up the car from the street, another 3 days for the adjuster to make an estimate, they took 13 days claiming they are processing the claim, and after enough pressure, they declined the claim and also declined to pay my car rental. By the end of it all, I had paid almost $2000 in car rentals $1400 to repair my car and so much suffering and distress that I must have aged several years in a single month.
It is amazing that such people are let to ruin people's lives and simply rob people in broad day light. You don't need to spend money buying locks for your homes, cars and bank accounts because the thieves are already in and they are called Magnum Insurance.
I pray you learn from my painful and costly lesson and chose a different insurance. Stay Safe.

sharonkw

02/14/2008

Overall
Unhappy customer

I went to this company driving a car which I was test driving overnight while waiting for approval. I wanted to line up my insurance beforehand to be prepared if I was approved for the loan. I informed the salesperson at Magnum that the car was not mine and that I was test driving. they gave me a quote and assured me that there would be no problem if I did not get the car I would get my money back. Well the next morning I found out that I had not been approved for the car and was told by magnum that my $300 check which I had given in good faith had been deposited (which I do not believe). I was then assured that I would recieve my money back in the mail in a few days, that was a couple of months ago and I am still fighting to get my money back. The only thing this company can do to improve their service is to get rid of their unprofessional staff namely Ms. L. R. I would not recommend this business to my worst enemy.