I feel your pain...for 35 years I have been paying insurance and ***never*** made a claim on any policy. Was dropped from my homeowner’s policy because I "live near the water” I am at 68' above sea level and a good walk to the water from my house. No way could I get wet and they said they are dropping everyone that lives within 2 miles of the coast because of the losses they have taken in fla. My agent says she is getting 60 drops per month and she is having trouble finding coverage.
My question is what about the YEARS AND YEARS of payments they had been receiving in which they had few losses? I think they lost a ton of cash in the market dive, pay their execs WAY too much and now it is compounded by some serious claims and they are taking it out on us. I had a lot of trouble getting new homeowners almost had to get picked up by the state. My current policy forced me to take a 20K wind damage deductable to get it. WTF? Why even have it?
INS companies suck and have been ripping us off for years whether it be healthcare, homeowners or auto. We are stuck with them
