Author |
Message |
Conejo
Member
08-23-2002
| Wednesday, July 07, 2004 - 11:50 am
I have just been notified that my homeowners insurance policy will not be renewed because of a claim that I had last year! Anyway, just curious if anyone had any suggestions/experience with any insurance companies that offer homeowners insurance. Also, since I have my car insurance with the same company (Cincinnati Insurance Co.) the cost is going up because I will no longer get the combined discount - so I'm looking to switch that policy also. What a pain! ONE claim and I'm getting dumped! Why have insurance if you can't file a claim without getting dropped?
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Cassie
Member
07-15-2000
| Wednesday, July 07, 2004 - 12:18 pm
Which company is dropping you, Conejo? (I had the same experience last year with State Farm...after 18 years too!!) Insurance companies are getting away with murder it seems--you might want to talk with your insurance commissioner about this as it could be hard to get another company to cover you for the same premium after being dropped.
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Conejo
Member
08-23-2002
| Wednesday, July 07, 2004 - 12:27 pm
Cassie, Cincinnati Insurance Co. is dropping me because of one claim I had against my homeowners policy (the claim had to do with storm damage). I've already checked with Nationwide, and their rate is more than double what I am currently paying!
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Cassie
Member
07-15-2000
| Wednesday, July 07, 2004 - 1:00 pm
It's disgraceful, isn't it. Only thing I can recommend is to report them. Perhaps when Insurance commissioners start getting enough complaints something will be done.
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Lurknomore
Member
07-07-2001
| Saturday, July 17, 2004 - 8:05 pm
If you have a different auto insurer I would check with them because it's often cheaper if you link your policies. (Mind you I don't but I may next year). And FYI I have Amica for my homeowners, and had em for years before for renters. After years of no claims I had 2 this year. Both were paid promptly and when I asked the adjuster about the 2nd one and my fear of getting dropped (since it was a fairly small claim $500, though certainly big to me lol), she said oh no we would have to see a pattern of abuse we wouldn't drop over 2 relatively small claims. (The first was for a couple thousand on my special computer insurance rider). So you might want to consider them. Also, they give you an option of paying a larger amount and getting a dividend check back at the end of the year (you you end up paying less) or paying a larger amount total. Far as I know they are National, since a friend of mine out of state referred me to them.
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Conejo
Member
08-23-2002
| Monday, July 19, 2004 - 6:33 am
Thanks Lurk! I just obtained a new homeowners and auto policy through Allstate last friday. The homeowners policy was about 50% more than I was previously paying and the auto stayed about the same.
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Lurknomore
Member
07-07-2001
| Monday, July 19, 2004 - 3:00 pm
Dang wish I stumbled back over to this section earlier. Maybe you could call Amica and get a quote. I think there is an amount of time you can cancel in, and if it's too late there's always next year. Can't hurt to find out if it's even a good option for you. YIKES on the increase though!!!!!
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Not1worry
Member
07-30-2002
| Tuesday, July 20, 2004 - 8:08 pm
Lurk, do you have a 1-800 number for Amica? We are buying a house and I'm trying to get some quotes. Thanks.
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Lurknomore
Member
07-07-2001
| Sunday, July 25, 2004 - 8:22 pm
Hi Not...glad I came back to check over here...sorry I didn't answer sooner. I'll do one better. Here's there web site http://www.amica.com/ where you can read about em and the numbers are right on it by state, as well as the main #. I was pleased to see that not only was I happy with them, but JD Power ranked them #1 in customer satisfaction for both home and auto. Good luck!
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Ginger1218
Member
08-31-2001
| Wednesday, August 04, 2004 - 4:40 am
Let me weigh in here on a subject that a lot of people are not clear about. Renters Insurance. To all of you who rent and do not have it - I say CALL AN INSURANCE COMPANY RIGHT NOW. It is so inexpensive - usually less than $200 for a year and, does not have to be paid at once, and - coming from one who knows, it is soooo important. You never know. Your landlord is only liable for the structure, not for your personaly possessions and to be relocated.
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Colordeagua
Member
10-25-2003
| Sunday, August 08, 2004 - 5:07 pm
Last year I heard something on the radio about homeowners insurance and the CLU / CLUE list in the insurance industry. If I remember correctly, one or two claims and nobody really wants to insure you. And that's just it -- it's homeowners, but the claim filed is against both you (having filed a homeowners claim) and the property for which it was filed. In other words, if you move you would still have a problem getting homeowners at a new address. The person who bought your house would have a problem getting insurance because a claim had been filed on that address. Sounds like a racket to me. You need insurance, but be careful using it.
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