Wednesday, February 17, 2010

Unlike a Good Neighbor, State Farm Will Not Be There

Remember we heard some months back that State Farm insurance would be dropping some Florida homeowners from their home insurance coverage? Well the time has come and we were notified last month we are among the thousands to be dropped.

There is no rhyme or reason for which homeowners will be dropped. They say we were chosen at random as were the many others. For a little background we have insured our home for over 25 years with them. We have never been a second late with our payments and only filed one claim, that was after hurricanes Frances and Jeanne tore the hell out of our house.

Okay, here’s the best part. They will drop our coverage in August of this year. This is just one month before the historic peak of hurricane season. Plus no insurance company will take new customers if there is a named hurricane threatening. So not only will State Farm no longer be a good neighbor and be there, they are running away just when the need for them might be the greatest.

8 Comments:

Blogger Kimberly said...

What can you do? You certainly can't have a home in the part of the country without it. I feel your plight even though I have State Farm & they haven't dropped my homeowner policy (yet).

February 17, 2010 9:35 AM  
Anonymous オテモヤン said...

This comment has been removed by a blog administrator.

February 17, 2010 7:46 PM  
Anonymous Anonymous said...

They have given you 6 months to get another company. Don't wait around. Get one ASAP. Then cancel the SF policy. You'll get a refund for the unused months on the annual premium.

According to Florida's wonderful governor, there are plenty of great companies waiting for your business.

February 18, 2010 6:07 AM  
Blogger robin andrea said...

I agree with anonymous. Get a new policy right away and cancel State Farm. Good luck with it.

February 18, 2010 8:23 AM  
Blogger dguzman said...

State Farm does the same to car owners, dropping them--for even thinking about making a late payment or whatever--after they've filed an auto claim. They suck; you're better off finding another insurer asap. Good luck, PoP!

February 20, 2010 10:25 AM  
Blogger Mauigirl said...

Shameful! We're lucky here in New Jersey, because of the company I worked for, we were eligible to get insurance through a company called New Jersey Manufacturers - and once you're in, you're in - you don't have to keep working for the initial company. Fingers crossed they never go out of business! They've been great.

February 22, 2010 4:14 PM  
Anonymous Janna said...

great post~

November 21, 2010 7:29 PM  
Blogger Particia said...

I guess it is not running away from new clients. The company would just want to prioritize their old clients more than anything. Rebuilding a hose is easy but rebuilding thousands of new houses, well that's a different story. You can always try other companies that offer home insurance. Palm Springs community has many hand-ready insurance companies. What good about these insurance companies, is that they have payroll outsourcing provider which makes all the transaction secured through database.

November 21, 2010 8:35 PM  

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