joypulv
Jul 25, 2012, 02:43 PM
I've owned 4 homes between 1980 and the one I bought May 11. I've never had a company quote a price for a certain coverage, I pay, and then 5 weeks later I get a bill for a lot more, based on what the underwriters decided. This just happened to me twice! First Travelers (which I canceled) and now State Farm.
The house is in good condition, so it's not that. It's not my credit history and I've never filed a claim on house or car. Travelers decided that I owed more based on some hugely inflated value (almost 200K more than I paid, and a lot more than the town appraisal). State Farm I can't get an answer from, even though I have a local agent who just says he's 'sorry, he estimated wrong.' The discounts section of the bill (for combining car, etc) is totally blank, despite clearly getting them according to the agent.
Is this some new racket, quotes are only estimates, we pay, we find out at least a month later that it's going to be a lot higher??
The house is in good condition, so it's not that. It's not my credit history and I've never filed a claim on house or car. Travelers decided that I owed more based on some hugely inflated value (almost 200K more than I paid, and a lot more than the town appraisal). State Farm I can't get an answer from, even though I have a local agent who just says he's 'sorry, he estimated wrong.' The discounts section of the bill (for combining car, etc) is totally blank, despite clearly getting them according to the agent.
Is this some new racket, quotes are only estimates, we pay, we find out at least a month later that it's going to be a lot higher??