WTF?! Homeowners Insurance cancelled!

[MadJack]

UNBELIEVABLE!

your application indicates that you are operating an internet business on your premises. Because you are operating a business on the premises that does not meet eligibility requirements for the ERIE Homeprotector program, it creates an exposure that will adversely affect our future losses. The magnitude of this adverse affect is not measurable. We are, therefore, canceling your policy.

i've been with those idiots for 15 years and operated THIS business for the last 5 years. wtf are they talking about? i never had a claim either.

UNBELIEVABLE!!!!

i only wish i had other insurance with those assholes that *I* could cancel on them.

 

[TIME TO MAKE $$$]

Jack,

You should give them a call and speak to a rep, there are ways around it...

 

[TIME TO MAKE $$$]

do you have a personal contact there?

 

[TIME TO MAKE $$$]

I am not sure about AMERICAN LAWS, but there are provisions up here that enable a consumer, or homeowner around it.

Taoist, BAMA, or loophole? Any insight on this?

 

[MadJack]

F-em. i'll take my biz elsewhere.

the damn house isn't even built yet. i'm not even LIVING there yet.

effective date of cancel is 10/22. they sent me a refund. i'll just let it ride to the end and make them sweat it out.

 

[DownbyContact]

Insurance Companies seem to have their own set of rules. Last year, I had a utility trailor, and my truck insurred. They wanted to raise the cost of my trailor insurance, so i told them to cancell that policy. It seems they had the same policy # for both my truck and trailor, so they cancelled both... I drove all winter with no insurance on my truck, and never knew it. Lucky for me, i had no accidents, but in the spring, i never got a renewal form for my truck. I went in to ask why no renewal form, and fond out i had no insurance. Well, let it be said, i was livid. After screaming and yelling at a few people, I went home.. Next day, the owner of the company came to my house, and tried to smooth things over. So all is fine now, but i wonder if they would have covered me, if I had gotton into an accident while my policy was cancelled by their own stupidity. I think not.

 

[freelancc]

don't get me started about Insurance Companies...:firing:

 

[GENO]

worked on the insurance business in the past 12 yr ago it is a WH$RE business at the agent level ( I got that from a 17 year veteran) who told me I had too many obligations and was too nice of a guy to make it he encouraged me to bail out and he was not a competitor just a straight shooter who was interested in contracting new agents in the area.

Bottom line it is the RE-INSURANCE COMPANIES THAT SUCK they set up parameters that the companies we deal with must follow and of course after 9/11 it is even tougher to insure not to mention the rates going up $$$$$$$.

NOW auto insurance won't even talk about that I am in the auto repair business whew I anit got time right now got more stuff to do here

 

[PUHD]

DBC....... My question to you is, did you not think anything odd that you didn't make a payment? The policy was canceled at your request. As far as them playing by their own rules, that isn't entirely true. Most insurance companies are regulated by state laws, but you do have some companies that are called Lloyd's companies that are not regulated at all. They are the ones that you constantly see the large increases in premiums with.

Here in Texas State Farm had a huge lawsuit to cover something that was a specific exclusion of the policy, and I think they lost something like $32 million. not exactly sure on the figure. Now most companies aren't writing it anymore because it was the court system that put the screws to the "people", but it's the Ins co. that are the a-holes for not writing or having hi rates.

You guys can thank the lawyers and court system here in texas for your rate increases and more scrupulous policies. Companies like Farmers, State farm, and allstate's rates will be affected nationwide for the crap here in Texas. That is not a shot a lawyers at all, but that particular battle should never had been fought.

 

[PUHD]

BTW Madjack,

Who knows, you might find a better company out there for you. I applaud your loyalty to that company, but it does suck to be given the boot after all those years. You might be happier consolidating all your insurance to one carrier if you could find one that offers discounts for that sort of thing. Sometimes life;s little inconveniences turn out to be blessings. You could have been paying too much all these years.

 

[AR182]

Worked as an agent/broker for 13 years & never felt the business was a whore business.It is an aggressive business,but very lucrative if done right.I had no problem putting the interests of my clients ahead of the insurance companies.

I will admit that I got burned out after 13 years & had to leave the business.But I will definately recommend it for the right person.

 

[yyz]

AFLAC!!!!!!!!!!

 

[PUHD]

LMFAO

 

[dogface]

Great business....

Great business....

If you don't mind a little cold-calling for the first two years! Yep that's my former trade, Insurance/Investment Brokeer...long nights calling and getting yelled at, but you can make great $$$.

I found after a few months that it pays to specialize so I started to specialize in pension maximization. Great thing for those looking to retire and protect the highest income for you and your spouse.

Jack- Screw them and move on, I always believe in the personal touch in approaching the customer with any problem or solution for that matter...if they just sent a letter...bye-bye! Just my 2cents!


TSI/dogface

 

[SixFive]

Jack, when Wayne gets back from Asia, he might have some insight. He's an insurance man, not specifically home/car, but he knows it all and he's honest.

I did hear on the radio that insurance rates are all going up for some reason, sometimes as much as 300%!! I've just learned to avoid the big companies like Allstate, State Farm, and Farm Bureau. Seems u get better deals and service with the Independent insurance agent.

 

[PUHD]

but when you are getting a "better deal" with the smaller companies, are you really? Probably not. You ask most people what they think of their insurance company, they hate it. Ask them about their agent, they like them. Too many companies out there that offer lower prices, but your coverage sucks and you might not be backed by the state dept of insurance. Be sure to watch for that.

 

[Neemer]

Majority of folks fail to read their insurance policy once they get it, until they unfortunately have to file a claim for some sort of loss. Once they do, they realize they weren't covered for some things that they thought they should've been. It seems as though you'll pay a little more by buying your policy from a larger Insurance carrier, but it usually is for good reason. Ins. reps are put in a rather unusual position b/c the fewer claims they have, the better the INs. carrier likes it, but you wind up pissin' off your customers who pay the premiums.

I do know that if you shop ALL of your insurance to ONE particular carrier, you usually wind up gettin' a better deal rather than spreading it around to two or three different companies. Personally, I get a 15% discount on my homeowners by having all my cars and my home insured at the same place. It's a necessary evil, but you'll be glad you have it if something unexpected comes along. Personally, I carry a rather large deductible on my home and autos which will enable you to pay a much smaller premium every year. If I remember correctly, it's either a $1000 deductible or $1500 on both home and autos.

 

[SixFive]

I know that after the hail storm here in '98, the smaller companies had much better service. We had Allstate and it took them 2 weeks to even get an adjuster out to our house. My dad's small carrier came out and cut him a check on the spot 2 days after it happened. I've had much better service.

 

[AR182]

I started out as a life insurance agent & was in the top 50 out of 20,000 agents nationwide.I never once made any cold calls.What I did instead was walk the streets & go from storeowner to storeowner.I found small business owners to be more receptive than making calls from a phone book.I talked to them about the insurance they felt they needed,either health ins.or ins. for their business,or P&C ins.Once they became familiar with me,I then sold them life ins.This was a pretty successful formula that I was taught when I started.

Neemer,

You are 100% correct when you state that most people don't read their policies & really don't know what coverage they have.I always found that strange because ins. is very important since it protects a person's assets.I also agree with you with regard to the large deductible($1000).Insurance's purpose is to prevent catastrophic loss.Theoretically everyone should be able to afford the cost of paying for a large deductible($500,$1000).By having the larger deductible,the cost of the ins. itself will be cheaper.And over the long run a person should be able to save alot of money with the larger deductible.And statistically nothing is going to happen where you have to pay that large deductible.

I would rather be insured with a larger company that I have heard of,then a smaller one that I never heard of.When I was working in NY in the 80's & 90's there were large companies that had very good reputations handling claims(State Farm & Allstate to name two).But each state is different.Anyway,any time I ever had a claim on my house I used an independent claims adjuster.I found that the amount of the claim that the adjuster got would be more than enough to cover their fee.

 

[GENO]

AR 182 the agent was a strictly life agent that made that statement and those are his words not mine (whore) their office was on S High St in Columbus an older brick home converted. One of his main companies drowned in the Junk Bond fiasco of the 80's
You may have heard of them KY Central Life.

I worked for an independent agent who dropped out,..... his commision for one policy was 20% the other policy was 15% and the additional 5% was due to YEP you guessed it 5% higher premium paid by the insured SAME parent company for both bet you can't guess which one was quoted first ?

But maybe why he didn't last