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Erie Insurance

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AngliaGT

AngliaGT

Great Pumpkin
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We've had them for insurance on our house,which will be
paid off shortly (FINALLY!!).We made two claims on our policy
after a sewer line had problems in the 8 years we've been here.
We got a noticed that when it comes up for renewal soon,they
won't be renewing it.
We'll be looking for another company.Ideas suggestions,etc?
 
Doug - Erie Insurance is a top rated (JD Power A+) insuror. Any idea why they don't want to continue your coverage? It may be a negative for other insurance companies.

TM
 
Could be that they're doing what some others have done and getting out of areas where the chance of needing to pay claims is higher now. Companies have left places where hurricane, wild fire and other claims have increased in the last few years.
 
NutmegCT said:
First off, anyone who can pay off a mortgage in 8 years is to be congratulated!

Second ... I've used Vermont Mutual for over 20 years. Affordable, and broad coverage. Might not be available where you live.

A reliable ratings source: > Best (and Worst) Homeowners Insurance Companies - Consumer Reports <

Hang in there!
Tom M.
Click to expand...
That sounds better than it really is.We sold our house in Eureka that we
still owed money on,so we had to get a new mortgage when we bought this
house,but had a big down payment.
 
NutmegCT said:
Doug - Erie Insurance is a top rated (JD Power A+) insuror. Any idea why they don't want to continue your coverage? It may be a negative for other insurance companies.

TM
Click to expand...
We got a notice that they won't renew our policy due to the two claims.
 
40 years in our house. 1 claim, Superstorm sandy. A little over 5K. After that the rates went up so much that I reget ever putting in a claim. They made the 5K back 10 times over
 
Like so many businesses with large cash flows, it's maximize inflow and minimize outflow. And where you have outflow how fast can you recoup whatever went out. Insurance is really no longer about sharing costs so all can pay less.
 
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