Rate increase due to claim

Hello,

I am closing this topic due to lack of activity. Thank you for your time and participating. Please feel free to open a new thread on this topic in the future if you wish.

Thank you,
Ella
Good Sam Care Team

Y-Guy wrote:
Sad to say that is the norm, you get taken before you need it and even worse after. :(

Everyone should get a copy of their CLUE (Comprehensive Loss Underwriting Exchange) Report every year. It's free once a year. I've found errors in mine a few times when I've checked.

Thanks for that link!!

Never heard of that report before.

Just ordered both Auto & Property Reports.

Will see what info they contain and how accurate it is.

Just like health insurance. If you have a preexisting condition your rates are high or they won't have you at all.

Your rate increase is helping to pay for all the other claims they had to pay out for last years storm damage. If they can match rate increases to payouts over the next X years, it keeps the shareholders fat and happy. Rinse and repeat.

ScottG wrote:
So no accident forgiveness like highly rated ins. companies have?

LOL........You do get accident forgiveness. The "rate" does not go up. What happens is you lose your accident free and safe driver "discounts", or whatever your specific carrier calls them. The loss of the discounts is typically more money than what a rate increase would be. Also some will deny reinstating those discounts for 5 years, not 3. That's their way of skating around 3 year surcharge limits that are imposed by some state regulators.

"Accident Forgiveness" is also usually tied to a whole host of fine print outs. One $10 parking ticket is usually enough for them to deny it totally when a claim is filed.

Makes sense, those who make claims are higher risks.

Of course, insurance on the trailer is so cheap, even doubled it's not a big issue.

Sad to say that is the norm, you get taken before you need it and even worse after. :(

Everyone should get a copy of their CLUE (Comprehensive Loss Underwriting Exchange) Report every year. It's free once a year. I've found errors in mine a few times when I've checked.

At one time I had National General. Had a claim that they filed as a moving violation (long story). When renewal came, renewal amount was for $10 more than the entire claim. Hmmmm, funny thing about that.
No, I don't have them any more.

Talked with another company, spoke with the underwriter, explained situation with the claim. Got quote for slightly less than I was paying before the claim.

So no accident forgiveness like highly rated ins. companies have?

Sad but true. Charged a penalty for using some of the money you've paid in over the years.