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05:45 PM
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Earthquake cancellation notice from Billings Mutual Insurance in St.Charles Mo.
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[quote:Anonymous Coward 25390958:MV8yMDc3MzQzXzM0OTc0NDU4XzFEMUU0MkMy] the only reason they havent dropped hurricaine insurances are because the new york refugees, they for sure are not going to cut off their own, the concept of insider insurance fraud on a grand scale comes to mind.. [/quote]
Original Message
Here is a letter I recieved in the mail yesterday from my home onwers insurance company.
Why is my policy being amended to remove earthquake coverage ?
The peril of earthquake represents a potential catatrophic loss for our company and requires large amounts of additional coverage to be purched in the event an earthquake occurs. The market for this additional coverage has narrowed to the point we no longer able to purchase coverage at acceptable levels in pricing. With our current earthquake expiring on 12/31/2012 and no alternative solution, this left no option but to remove earthquake from our policy coverage.
They had no problem taking my money for the last 18 years..... Do they know somethging we dont ?
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