Author Topic: Conversation with my insurance agent  (Read 2760 times)

153

  • 5 O'Clock Shadow
  • *
  • Posts: 53
Conversation with my insurance agent
« on: April 04, 2013, 01:50:43 PM »
Got this email today from an insurance agent. I shopped for new renter's insurance, and found a cheaper one and was arranging to switch to the new provider. His response to my "what are the next steps" email:

"We can make it effective today. I would just need to take payment. If we set you up with automatic payments, we only have to take one month down. If we just bill you every month, then 2 months down. "

This was for a $180 annual premium.

I was flabbergasted that people choose monthly payments, with a $3-$5 service charge, for a <$200 premium!

pka222

  • Stubble
  • **
  • Posts: 105
  • Age: 42
  • Location: south pacific
Re: Conversation with my insurance agent
« Reply #1 on: April 04, 2013, 02:02:55 PM »
they offered me the same option when I was in Grad school (>8K per year) - even then 200USD was easy to come up with

EMP

  • Bristles
  • ***
  • Posts: 344
Re: Conversation with my insurance agent
« Reply #2 on: April 04, 2013, 02:08:47 PM »
They didn't give me the option to pay semi annually.  I can, they just won't inform me ahead of time or send me notices that they are increasing my premiums until it's fait accompli.  I'm looking for a new company.  And I'm beginning to hate all insurance companies.