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 Posted: Wed Feb 25, 2009 9:57 pm Post subject: cancelling allstate |
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I cancelled my auto policy with Allstate back in October. They are still trying to bill me! They are now telling me that I need to provide them with a copy of my new policy before they will officially cancel my old policy (and issue me a refund). I'm in Texas. Has anyone ever heard of this before? I feel like since I cancelled my policy with Allstate - that's all they need to know. Who my current insurance company is is none of their business.
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texasgal
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| Posted: Thu Feb 26, 2009 7:58 am Post subject: |
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Have you sent proper cancellation notification to Allstate at the time of canceling the policy? Or you just let the policy lapse for non-payment?
~Jeremy |
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JeremyHolter
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| Posted: Thu Feb 26, 2009 9:10 am Post subject: |
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Some insurers charge short-rate if you cancel the auto policy before the term ends. You may need to find out what they are charging for. Further, if they are allowed to debit your account automatically you must stop that by requesting the bank immediately.
Further, you may also register a complaint with the Financial Ombudsman Service.
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anonymous 12
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| Posted: Thu Feb 26, 2009 11:18 am Post subject: |
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It is better that you start looking for a new insurance. I'm not suggesting you to show it to your current carrier. The Texas financial responsibility laws would require you to continue with your liability coverage. At the same time you'd need to remember that it is necessary for you to carry on with your collision coverage in case you owe money on the car.
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anonymous00
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| Posted: Thu Feb 26, 2009 11:41 pm Post subject: |
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Our agency always asks for something in writing when cancelling a policy so the insured can't come back and say that we cancelled it with the wrong date. If you have other coverage you should be able to give them a copy of the dec page so they can backdate the cancellation request.
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Kahmer
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| Posted: Fri Feb 27, 2009 6:50 am Post subject: |
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| Quote: | | Our agency always asks for something in writing when cancelling a policy so the insured can't come back and say that we cancelled it with the wrong date. |
Well, I think that makes sense. The insurer, to be at the safer side, may demand a written document from the insured in order to cancel the policy. And I too feel that its wise to document every communication between the insured and the carrier in order to avoid confusions. But, can the insurer demand the proof of new coverage from the insured before cancelling the existing one? |
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RupertWBradson
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| Posted: Tue Mar 17, 2009 4:26 pm Post subject: Proof of new Company |
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THe reason for the proof is to avoid a lapse in coverage. If it is TX law to have continious liability coverage, it is in your best interest to comply with the request.
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Agent
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| Posted: Tue Mar 17, 2009 5:21 pm Post subject: Thats Odd. |
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| I don't think it's any of their business personally. The MVD may like to know your covered but the insurance company you switched from. Maybe they just want to learn more about their competition. Of course laws pertaining to this may vary from state to state. |
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Justin
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| Posted: Wed Mar 18, 2009 1:03 am Post subject: |
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According to Allstate's agency standards, you can cancel the policy at any time by requesting it in writing, and you do not need proof of new coverage.
Typically the only reason they would need proof of your new policy is if you want to back-date the cancellation. In other words, if you got a new policy on March 1, and on March 17 you told them that you want to cancel the old one effective March 1 because you had obtained new coverage (this is a valid reason for back-dating it), Allstate's agency standards require a copy of the new dec page to prove the duplicate coverage.
Without that, they would cancel it effective on the date that you requested it in writing. There is no proof of anything required in this case.
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ChristyP
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| Posted: Wed Dec 09, 2009 7:07 am Post subject: policy cancellation |
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Please cancel my policy
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Delia R. Bantug
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| Posted: Wed Dec 09, 2009 4:13 pm Post subject: |
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It use to tick me off to have to provide everthing in writing, but I have learned in the last five years how proper documentation can save your behind and cover yourself. The pure legalities of the situation requires that the cancellation be in writing. A car insurance policy is a contract and in order for a contract to be dissolved and retain any pre-paid premiums due back to you, it must be in writing.
What if an ex spouse just wanted to make your life miserable and call in all your credit cards and policies (life, auto, health, and Home) and cancel them via phone message. It is more for your own protection than just to make it more difficult to cancel.
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MikeoftheOzarks
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| Posted: Sat Aug 28, 2010 6:20 pm Post subject: too high rates |
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cant afford so want to cancel the policy and the remaining of my last payment refunded
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prem chadha
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| Posted: Sun Aug 29, 2010 3:09 pm Post subject: |
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Won't happen the way you think. You are free to cancel your insurance any time -- no premium slavery in America. But your contract probably does not allow you receive a full refund of "unearned premium", rather, you might be entitled to a "short rate" refund.
Most companies charge $50 or $75 as a mid-term cancellation fee. Some charge as much as one month's premium. So if you have at least that much in unearned premium remaining, it will be taken by the insurance company as an early exit penalty. Only the balance of unearned premium is refunded.
Be sure you have new insurance in force before you cancel existing coverage. A gap of just one day could be one day long enough to have a collision, kill or injure someone, or do $100,000 of property damage.
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MaxHerr
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| Posted: Wed Sep 01, 2010 2:45 pm Post subject: |
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this is a two part question:
1. true, you can simply call in to request the cancellation, but most of agents will require you to at least sign something due to liabilities. ie, agent cancels policy based on your phone call and you get in a wreck and change your mind, the agent has to document you cancelled or be open to being sued. thus the reason for the request. the way around that is to show you have coverage else where, that way the company knows youre' ok.
2. backdating the cancellation to get you a refund: if you have been billed, you have also been covered...so you owe the money. but if you show you have had duplicate coverage, they can simply backdate the endoresment and credit you. they just need something to document that you were covered, otherwise we would all call in to get a refund if we didnt have a wreck during the policy period, right? documentation, it's the world we live in. dont take it personally, its CYA. |
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mbyork
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| Posted: Wed Nov 03, 2010 5:40 pm Post subject: |
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allstate? that's one bad insurance company! well my agent is one big liar and the executive agent i deal with doesn't even know anything. they charged me $306 for 1 month service for 2 old ass cars (92' and '9 while i'm paying around $200 for the same cars with my current insurance company. You need to get away from Allstate asap!
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