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Avoid Insurance Cancellation Gouge



 
 
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Old January 30th 05, 05:52 PM
Jim C
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I've worked in the insurance industry for 33 years and the best thing to do
is get canceled for "non-pay" like stated above, but insurance companies do
NOT talk to each other anymore than Airbus and Boeing do. They're
competitors not only for the product but the employees too, plus it's
against the law in most states. Many small businesses, which I am more
familiar with, just cancel by not paying and move to the next company which
is fine if your credit can handle it. If there is any communication between
companies it is at the CEO level and those guys don't know and often don't
understand, the nuts and bolts. They're stock price and ROI guys. (I hope
my boss isn't listening)
Jim

"Gord Beaman" wrote in message
...
"Mike W." wrote:

Nationwide tried that BS on me once. They wanted me to pay the IDENTICAL
fee
as the mothly installment amount to cancel. Hmmm, let me get this
straight,
if I pay you, you will cancel my policy. Following that logic, they got
exactly $0 from me. What are they going to do if I don't pay them NOT to
insure my car? Corporate America is out of control.


Problem likely is that they probably have deals cooked up with
all insurance companies to deem you an undesirable customer and
now nobody will insure you...sounds illegal to me but who knows.
--

-Gord.
(use gordon in email)



 




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