Wednesday, March 23, 2011

Home Insurance Premium Increase Due to Burglary Claim

Our insurance agent just informed us our home insurance premium is going from $570/year to almost $800/year because we filed a claim from the burglary last year. Even though we've installed an alarm system since the event, it only lowers our bill by $48. Then our agent "warns" us that we're unlikely to get approved for a policy elsewhere because we've had a claim in the last three years or other companies will just tack on a big surcharge...just like this company is doing. Are you serious???

So, first, the burglars screw us by breaking into our home.
Now, the insurance company screws us by jacking up our premium 38.5%.

Just effin' lovely. Also, the insurance agent wants to cross-sell us life insurance because then he can offer a 3% discount on the home insurance policy.

Greedy monsters.

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