Long-Time Loyal Homeowners being Cancelled for Claims
The recent news is how many homeowners find they’re being abandoned by the insurance carriers they’ve been loyal to for some 10, 20 even 30 or more years. State Farm, for example, has been cancelling members of their long-time faithful for having ONE too many claims. The key factor seems to be when policy holders had so much as ONE non-weather related (water, fire, theft, liability, etc.) claim over the last five years, they were marked for cancellation. Tennessee Farm Bureau, after reducing their Homeowners policy coverages, is declining all new applicants if they have ANY homeowner claims over the last three years.
While having multiple claims over the past five years, weather and/or non-weather type, will mark insureds
with a BIG RED X on their backs in the eyes of most all carriers, having one claim shouldn’t merit anyone being cancelled. We recently picked up one of those abandoned who’d been cancelled after having only ONE claim over the last seven years; a $12,138 claim for water damage caused by the clothes washer bursting a hose in the upstairs utility room. We were able to secure them with a new home/auto package policy with 33% more home coverage, 700% more home and auto liability coverage while keeping them (better) protected for the same premium they’d paid for the preceding year.
If you’ve had a similar experience with your Homeowners Insurance carrier, we’d like to offer our help. We’ll shop your assets and risks across our network of over a dozen Preferred Carriers like Encompass, The Hartford, Safeco, Donegal, Kemper, MetLife, Travelers, Grange, Stillwater, Foremost, American Modern and the like, to get you the coverage you need for the most competitive premium.
Be protected, not Surprised. You might even get more than you’re already paying for. Give us the opportunity and we’ll show you why Roqué Agency Insurance clients rave about us. Stay save!
Luis Roque is a local Independent Agent who strives to help you to “Be Protected, Not Surprised. Get More Than You’re Already Paying For.”Roque Agency Insurance is located at… 150 Uptown Square, Suite C
Murfreesboro, TN 37129.
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