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REPORT ABUSIVE REPLY
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Message Subject
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Earthquake cancellation notice from Billings Mutual Insurance in St.Charles Mo.
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Poster Handle
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thinkingoutsidetherhombus |
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Post Content
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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 ?
Quoting: Anonymous Coward 1152043 So are they going to lower your premium since they won't be providing earthquake coverage????   I was wondering the same thing, but it's extremely unlikely.
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