J
JP_in_Colorado
Guest
What is the name of your state? Colorado
We are in the process of changing insurance companies for not only homeowner's but also auto because we are not happy with our current insurance company. We are not changing because of claims issues, but more because of general customer service issues. This new company is asking for copies of our policies with our current carrier. Is this normal??? I asked her why she needed copies of them, and she said that "they are a preferred company and the underwriter will need them." I asked, so they can re-rate us versus what we were quoted? She said "no," but I am feeling a little leary about why they would need our current policies. She also said for the auto insurance that they get copies of the policy make sure that someone doesn't just get insurance in order to register their car, then drop the insurance. They want proof that we have a policy in effect. Seems logical, but still odd. I've never had an insurance company ask for my current policy before they will insure me as a new customer.
Are there any reasons why they would need the prior policy aside from their "preferred company" status? If not, what should I say to this agent? I don't want to be re-rated for providing it nor not offered coverage because we don't provide it. I feel a little trapped at this point. I am supposed to meet with her tomorrow to sign the paperwork to put the policies in effect, but I thought I'd throw the question out for any advice prior to meeting with her.
Thanks!
We are in the process of changing insurance companies for not only homeowner's but also auto because we are not happy with our current insurance company. We are not changing because of claims issues, but more because of general customer service issues. This new company is asking for copies of our policies with our current carrier. Is this normal??? I asked her why she needed copies of them, and she said that "they are a preferred company and the underwriter will need them." I asked, so they can re-rate us versus what we were quoted? She said "no," but I am feeling a little leary about why they would need our current policies. She also said for the auto insurance that they get copies of the policy make sure that someone doesn't just get insurance in order to register their car, then drop the insurance. They want proof that we have a policy in effect. Seems logical, but still odd. I've never had an insurance company ask for my current policy before they will insure me as a new customer.
Are there any reasons why they would need the prior policy aside from their "preferred company" status? If not, what should I say to this agent? I don't want to be re-rated for providing it nor not offered coverage because we don't provide it. I feel a little trapped at this point. I am supposed to meet with her tomorrow to sign the paperwork to put the policies in effect, but I thought I'd throw the question out for any advice prior to meeting with her.
Thanks!