More Insurance Fun...
This is a continuation of my post from yesterday. http://bstoner.wpengine.com/forum/archives/2010/01/insurance_co_hi.php I’d like any other input from people at the above link… NewSouthSloper is exactly correct. It’s the same coverage and same company. I called my insurance agent and they told me FF is using the same valuation WITHOUT adjusting for inflation, so a 50% hike…
This is a continuation of my post from yesterday.
http://bstoner.wpengine.com/forum/archives/2010/01/insurance_co_hi.php
I’d like any other input from people at the above link…
NewSouthSloper is exactly correct. It’s the same coverage and same company. I called my insurance agent and they told me FF is using the same valuation WITHOUT adjusting for inflation, so a 50% hike is definitely excessive. This has nothing to do with market values, and if anything, replacement cost would likely be lower since the construction market has cooled off as well.
I’ve gotten a quote from a competing agency (Brownstone Agency) for less than half the premium of FF.
Does anyone know anything about Brownstone Agency/Everest Capital (the company who underwrites their policies)? Do they balk at payment or are they quick to pay? Has anyone with Everest coverage had good or bad experiences with them? I mean specifically people who have had to file a claim, since that’s when customer service really matters…
As a current policyholder of Brownstone Agency / Everest National with a claim in progress, please pay more up front for a “good faith” insurance company. God forbid you should ever endure the horrific treatment we’ve experienced with Brownstone / Everest. We paid up front for a decent coverage amount, but their delay & destroy tactics, unethical conduct, misrepresentations, deception and gross incompetence are beyond what you could ever imagine. They want to force you to sue, knowing you will go broke and their attorneys are on paid retainer and can drag it out for years.
Our claim was very straightforward and we’ve been professional, transparent and honest. We provided every original receipt etc… They operate against their policyholders and force you into mandatory arbitration, a rigged system that benefits the insurance company and forces you to sign a gag order regarding your claim. Expect to go out of pocket thousands of dollars and do not expect to be compensated for the coverage amounts you’ve paid for either. We were not given a cash advance for additional living expenses for six months. There are also built in deductions, depreciation, and hidden costs you cannot foresee. If lead or air testing is required by the insurance company, they will force you to test and pick up the bill with multiple rounds of testing etc…
Please look at “good faith” insurance companies and expect to pay more up front. You get what you pay for and there are no exceptions in insurance.
i bought my homeowners insurance from North Star Insurance on Bay PArkway and 65th. I had a hard time when i was kicked out by Alstate, and I tried shopping online and stumbled upon them on google at http://www.ns-insurance.com It turns out they were close by, and the home insurance was even cheaper then my old policy and they had no problem doing insurance for my house even thought it was by the water.