by SerenaG » Wed Feb 11, 2009 03:10 pm
I live in Florida and have State Farm for all my insurance. For now I am waiting to see what will happen with my home owners and SF asking to pull out. If State farm does stop home owners insurance in Florida, I will be looking at other companies for my auto insurance too.
I have a pending law suit from an auto accident. The other driver was ticketed and has insurance from a different company. My attorney wants to go after my insurance's underinsured motorist coverage too. If I do get a settlement including money form State Farm, how difficult will it be to change insurance companies? I don't want to be stuck with State Farm or a government pool as my only options. I'm afraid my attorney might just be trying to line his pockets without any thought for my coverage issues in the future.
I have a pending law suit from an auto accident. The other driver was ticketed and has insurance from a different company. My attorney wants to go after my insurance's underinsured motorist coverage too. If I do get a settlement including money form State Farm, how difficult will it be to change insurance companies? I don't want to be stuck with State Farm or a government pool as my only options. I'm afraid my attorney might just be trying to line his pockets without any thought for my coverage issues in the future.
Posted: Thu Feb 12, 2009 12:07 am Post Subject:
We don't have many options here in Florida SerenaG.
Citizens is an absolute joke and they're broke.
I don't have a problem with State Farm leaving the state but they need to pack all their bags and get the hockey puck out of Florida and don't come back.
The ONLY reason they want the auto insurance business in Florida is for their agents to have a prospecting tool to sell life insurance. State Farm isn't anyone's competition when it comes to life insurance.
Like a fair whether friend,...State Farm's NOT there!
Posted: Thu Feb 12, 2009 02:13 am Post Subject:
Serena if your policy was in force on the date of the accident you could cancel it the next day and not have to worry about that claim, it will still be covered...(if that was your question, I'm not really sure)
Posted: Thu Feb 12, 2009 02:47 am Post Subject:
Sorry I wasn't very clear. I want to know if pursuing a claim for my underinsured coverage will put me in a position where no new insurance company will take me on if I decide to change companies, or if State Farm gets kicked out of Florida and I am forced to change companies. Thanks!
Posted: Thu Feb 12, 2009 09:27 am Post Subject:
Serena, a claim on your policy won't make you un-insurable for the insurers. Therefore, though you might have to pay higher premium for the coverage, you might get coverage alright.
Posted: Mon Feb 16, 2009 02:09 am Post Subject:
Adding to what boxfullofrocksstated, insurance companies look at several things to decide on whether to increase your premium. How many claims have you filed in a certain time frame? How much did they amount to? Just a few things they look at.
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