W
wangch
Guest
What is the name of your state? NC
I have a 4-units (a quad) rental property in Fayetteville N.C., under Nationwide insurance for about 4-5 years since I bought it.
A week ago, when a mortgae broker trying to get the policy information from Nationwide Agent about this property for refinance purpose, she was told the property no longer insured by Nationwide Inusurance since Jan 2003.
I never received any notification about cancelling this policy before, and never even thought of it was cancelled until now. They will not want to resume the same policy with similar premium, but want to increase premium from $480 (previousely paid) to about $1200 a year.
I got no choice, but changed to Allstate for now.
Do I have any option here please?
I have a 4-units (a quad) rental property in Fayetteville N.C., under Nationwide insurance for about 4-5 years since I bought it.
A week ago, when a mortgae broker trying to get the policy information from Nationwide Agent about this property for refinance purpose, she was told the property no longer insured by Nationwide Inusurance since Jan 2003.
I never received any notification about cancelling this policy before, and never even thought of it was cancelled until now. They will not want to resume the same policy with similar premium, but want to increase premium from $480 (previousely paid) to about $1200 a year.
I got no choice, but changed to Allstate for now.
Do I have any option here please?