Will insurance co. pay existing claim after cancelling?
by Guest »
I had business insurance for many years and never filed any claim. Then a month ago, we had a fire that engulfed the entire building and the contents. All of a sudden, after 15 days of the incident, they sent me changes to my policy increasing the premiums from $230 to $965 per month.
I was thinking of canceling the policy but a bit concerned as they’ve already paid to rebuild the building and presently working on the content and loss of income. If I cancel the policy today, will they still go on paying for the content and loss of income?
Thank you.
I was thinking of canceling the policy but a bit concerned as they’ve already paid to rebuild the building and presently working on the content and loss of income. If I cancel the policy today, will they still go on paying for the content and loss of income?
Thank you.