My insurance premium just increased by $800 after I filed a weather-related claim last month, which was out of my control. They’ve also changed the deductible from $1,000 to 1% of my dwelling coverage and raised that coverage by $42,000. What steps can I take to contest these changes?
Insurance policy went up $800 and changed drastically after filing a weather related claim last month that was out of my control. They changed the deductible to 1% from $1000, and raised my dwelling coverage by $42,000. What can I do to fight this?
I’m sorry to hear about your situation; that sounds really frustrating. Here are some steps you can take to address the changes in your insurance policy:
Review Your Policy: Start by carefully reviewing your initial policy and the changes made after your claim. Make note of any discrepancies or unclear terms.
Contact Your Insurance Company: Reach out to your insurance agent or customer service representative. Ask for a detailed explanation of the changes and express your concerns. It’s possible that they can offer some clarification or even reconsider the adjustments.
Get Multiple Quotes: Research other insurance providers in your area to see if you can find a more favorable rate with comparable coverage. This information may also be useful for negotiations with your current insurer.
File a Complaint: If you believe the insurance company did not follow proper procedures or acted unfairly, you can file a complaint with your state’s insurance commissioner. They can help investigate your concerns.
Consult with a Professional: Consider speaking to an insurance agent who can provide expert advice tailored to your situation. You might also want to consult with an attorney, especially if you feel that your insurer isn’t honoring the terms of your original policy.
Consider a Policy Review: Look into having a professional review your policy at least yearly or after significant changes like a claim. They may spot potential savings or issues before they become problematic.
Document Everything: Keep a record of all communications with your insurer, including dates, names, and details of conversations. This documentation can be helpful if you need to escalate your case later.
Stay Proactive: Stay on top of any deadlines related to appeals or disputes. Being proactive can help you manage the situation more effectively.
Hopefully, these steps can help you find a resolution. Good luck!