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Old 09-20-2018, 04:40 PM   #1
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Cool Shock from my Insurance Company (Non Renewal)



I have been with a large club insurance provider for a number of years, had great service. Today out of the Blue I get a letter in the mail stating they will not be renewing my insurance. After a call to the company I was told yes the agent for your policy is no longer with the company and as a result we are not renewing any policies. "But" we would like to keep you with our company and provide you insurance so you don't have a lapse of coverage. You breath a sigh of relief so they transfer you to their sales dept.
After sometime on the phone you are told we can continue your same coverage at near the same price you were paying. So you agree and hang up. In the next few days you receive a email stating they have approved your "NEW Policy" and the rate will be, this is where the boom falls. They will renew my police at just short of 300% of my old rate.
I have done some investigating and found that in my state North Carolina they are regulated as to the amount they can raise your policy each year. If you decide or are required to take out a new policy all bets are off.
This is how the company is ripping us off. Has anyone else seen this happening to them? Beware it occurs about 1 month before your renewal. Mine went from $600 to almost $1700.
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Old 09-20-2018, 04:46 PM   #2
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Insurance on your rv?

Think I'd shop around. That's outrageous.

The insurance company that we have for homeowners and car insurance and had our tt on it changed their policies and raised our rate from $50 to $250. Waited a year due to procrastination and found a better rate from the insurance company that has our MH.
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Old 09-20-2018, 04:50 PM   #3
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Shop Around

Yea already started and found several companies that want my business. Also talking to the state insurance commission about this. Only posted it cause I thought some people would just set back and let this go on.
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Old 09-20-2018, 05:18 PM   #4
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as an agent, there are many times that I've had situations where a particular company decides to 'leave' the market, in a certain state, because they either can't get the rate they think they need, for the risk, or the regulations become prohibitive compared to the business they have there. Like any business, it's up to them to decide what to do, and any current customers have to be made aware that their policy will not be renewing.

If you are a 'member' of some club that offers insurance, what you might really be saying is that your 'club' is no longer using this insurance company, and therefore all the customers what that company are being non-renewed. The club, itself, can continue to offer plans from other companies. Your club is acting as an 'agent', just like any insurance agency, on any corner of downtown America.

No 'company' is 'ripping you off'...but your 'agency' is simply giving you what they can do for you, with the other companies that they deal with.... you are certainly welcomed, and encouraged, to seek quotes elsewhere. You may even find that other companies have a better 'deal' than even the club 'deal' that you originally had. The ONLY way to know is to price around.
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Old 09-20-2018, 06:00 PM   #5
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Had the exact same thing happen to us on our house insurance. 300% increase due to our area being put into higher claim bracket. We live in NM where all we get is heat!! They said it was due to numerous hail storms. BS!

They also said due to this high claim classification for our area that any insurance company we called would say the same thing. More BS! We got the same coverage from a different company for less than we were originally paying.

We have no loyalty to any insurance company and don't trust any of them Pays to shop around.
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Old 09-20-2018, 06:38 PM   #6
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I am confused. What does you agent leaving the company have to do with them dropping you. You have insurance with the company the agent is just someone who handles the policy for,you someone to talk with about changes. I have been with the same insurance company for over 30 years and have had several different agents. My policy has not change at all with the change of an agent.
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Old 09-20-2018, 07:08 PM   #7
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I think more then likely they don't want people in NC , might be more of this from Florence. Try Hartford ins. I have had them for 15 years, I check different company's every year but they can't beat them. I would like to get USAA, but I'm not paying 25% more.
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Old 09-20-2018, 07:08 PM   #8
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I don't really think it has to do with the agent... It is a way around the insurance commission rules and regulations for your state.
As for the company dropping coverage on a prior thread... If that be the case the why does the same company want my business at 300%.. No my friend it is a way to jack up the rate...
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Old 09-20-2018, 07:09 PM   #9
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Oh yes, they cover my home, cars and class c MH
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Old 09-21-2018, 07:50 AM   #10
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We just got our renewal notice and our premiums had gone up approximately 250%. This was our 3rd year with this company. We called our agent and were told that they had already checked it for lower rates when they got their notice. This was for our 2017 Ford F350 dually (tow vehicle), my 2015 Honda Pilot and our 2018 Sandpiper.

I made a couple of calls and the exact same coverage with another company was over 50% lower. Needless to say, we switched.

We also have about a dozen rental properties and when the time comes for renewal, we will be switching companies with them, also. (It's paid for the year).

It usually takes about 30 minutes to get a quote from another company and you can usually do it online and then an agent will call you. It makes no sense to pay out of loyalty to a specific company now. It used to be a "thing", especially in smaller communities, but ......
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