Closing Date and Homeowner's Insurance Question
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Anonymous
| Our original closing date on our house was September 5th. We just moved it up to September 4th. The insurance company claims that they can't just change the effective date of the insurance policy. According to them, the policy is already written so it will have to be canceled and re-written. Apparently, our rate is going to be significantly higher because we aren't going to qualify for a discount we qualified for last week b/c of the timing. Seems sort of fishy to me. We moved a bunch of policies over to this agency (auto, home, umbrella) and the owner of the agency promised that he would take care of us, etc. Who is being unreasonable here? Are we unreasonable for changing the closing date (doesn't this happen often) or are they for increasing the rate? |
Anonymous
| which company |
Anonymous
| That seems crazy to me. Call another company. Liberty Mutual is good. |
Anonymous
| I bet if you tell them that you've decided to go with a different insurer, the discount will suddenly, magically be able to be applied. |
Anonymous
| Op here. Thanks for the validation. My initial thought was that this employee was going to have to do a lot of additional paperwork to change the date and she didn't want to (she wanted me to change the closing date back). She is supposed to call me tomorrow with the final decision. I did tell her that if the rate was different, we would have to shop around for other quotes. |
Anonymous
| Erie and usaa are the best |
Anonymous
Op here -- it is one of those companies  .
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Anonymous
I had issues with usaa and moved to erie. Erie often uses brokers so you can switch if that one is being difficult. |
Anonymous
Which one? |
REALTOR4U
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| Agreed..sounds like they are just being lazy and don't value your business. I personally use Amy Krasias with Insurance & Investments out of Rockville. She will shop several companies for you and get you the best rate. I was with Nationwide for several years. Amy did a free review of my policies. Thereafter, she offered me better coverage and reduced my annual rate by about $800 for my two properties and two cars. Call Amy for a quote at 301-670-6737 and tell her Craig referred you. Hopefully, she will be able to save you a few bucks. |
Anonymous
| The date is just changing by one day? Yes, they will have to cancel and rewrite the policy, but I'm not sure how one day would make much of a difference with the rate. |