policy re evaluation ...am I a chump or what

by Hankyboy » Sat Oct 31, 2015 03:31 am

Thank you for allowing me on this forum. I have a 2011 Kia forte, 2010 Tacoma and a 2004 hydai Elantra. I was with an Insurance Company since 1988. I live in NJ, My premium for years and years has been around $5,000. I called the company yesterday and asked why it was so high. Agent looked some things up and said "1988? thats an old policy. you need to cancel that policy and make a new one. The new policy for the same coverage is $2,200. I overpaid thousands and thousands of dollars all these years. I have put new cars on, renewed my policies each year and no one told me I was overpaying. I would like to know If I can get my money back?. Has anyone heard of anything similar I contacted them a few times on e mail and got some crazy answers the final one said pretty much "we have no way of knowing what you are paying and if you don't ask to re evaluate....tough luck (we win!) Ok please feel free to flame me.Thanks, Hanky

Total Comments: 2

Posted: Sun Nov 01, 2015 04:27 am Post Subject:

You can ask... but I don't see it happening. Your _agent_ is representing your interest. This agent had no idea that your policy was costing twice as much as it should? I'd look around for another agent. One with your interest in mind... not just a commission.

Posted: Mon Nov 09, 2015 10:18 am Post Subject:

I think you should discuss your concerns with another insurance agent.

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