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What's the deal with insurance?
SirPeale:
Tommy's not disputing that it's necessary...he's pissed that the company drops his policy after paying out a claim.
ChadTower:
The only home insurance claim I've ever made was rejected, approved, rejected, approved, and then put off payment for so long I eventually gave up. The guy who was handling it "was let go" about 5 times, the files got lost in an office move, they had to reinspect and then said "well there isn't any damage" a year after I paid out of pocket to have it fixed because it was a danger (my electrical panel was damaged), etc etc. Long story short, I pay my home insurance premiums in full and on time and when I needed to use it they flat out refused to pay even though they were obligated. I eventually, about two years later, contacted a lawyer that told me it wasn't worth it, it would cost twice as much in attorney's fees with him or any other attorney, and that he sees this all the time.
GreenKnight37:
Cancellations don't usually come about as a result of a claim --- unless its massive. Its in the company's best interest to pay the claim, have the customer feel that the insurance carrier is going to be an ally if ever needed, and then retain the customer for many years to recoup whatever was paid out.
I sent Tommy a PM after I posted to see if I could get some more details on his situation, as I dont know if he wants to post it for all to see. But my guess would be that the insurance carrier is doing a broad cancellation.
Look at Florida for example...No new policies are being written there and almost everything is being cancelled when its up for renewal. When a carrier does cancel policies, depending on situations, its usually for a large group of people in certain locations. Or, a large group of people who are doing a certain type of operation, which the carrier no longer feels comfortable with.
Its rare to be cancelled for an individual claim. If thats what they did, then it was stupid on their part and I'd definitely agree and sympathize with Tommy's frustrations.
Ed_McCarron:
I just filed a homeowners claim for a damaged wall in front of my house. Goofy town copcar hit it doing 70 while airborne. Clipped a passing car while responding to a silent alarm... at a body shop... at 12 midnight.
Moron comments aside, I spent 7 months dicking around with the town (Sure, well cover it. We'll hire a contractor. Don't worry about a thing.) and then, when they decided to get around to it, they decided my homeowners should cover it and I should find my own contractor.
I've got to jump through hoops to file the claim a specific way so that my premiums don't go up, and even though 20 people have told me that they won't go up, the insurance co. refuses to put it in writing.
Rolling the dice...
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