Insurance company wants painting done

[Handcoc]

Insurance companies are NOT looking to drop anyone for anything. .

That's not true .. in my area they tripled the rates to force people to drop. Worked like a charm !

 

[moburkes]

That's not true .. in my area they tripled the rates to force people to drop. Worked like a charm !

Likely they tripled the rates because their investment income went down and because they experienced enough losses to justify it. Insurance Departments generally don't allow tripling of rates unless the company can justify it. Otherwise, in order to force people to cancel they simply leave the state and send of mass nonrenewal notices. Much, much, much cheaper than paying an entire force of people to determine new rates, file them with the state, program their computers, and continue to offer customer service. I promise you.

 

[notmulder2]

To Pay or Not To Pay? -- THAT Is the Question - And, How Much??

crossdline11 --

1. get a copy of "DELAY, DENY, DEFEND - Why Ins Co Dont Pay Claims and What You Can Do About It." by Jay M. Feinman it. Most folks on this board including agents, lawyers and others should read it too!

2. Ins Co, attys, adjusters, property owners, contractors --- et al, are all governed by one thing: the current POLICY in force. Everyone involved in a dispute of any type regarding the coverage, settlment, process and such will START with the Ins policy in force at the time of the loss(es).

3. Public Adjusters provide a valuable service to the public. Some states grant licensing while others don't. I am licensed Maryland. Btw, Virginia does not recognize public adjusters. We do NOT work for the Ins company.