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Insurance Rant!!!

loggerbomb

Hard-core CEG'er
Joined
Jun 10, 2004
Messages
3,744
Location
Kitchener, ON Canada
Not sure who all goes where for insurance around here, but stay AWAY from The Precept Group!
Had to go with these jokers as they were giving the gf the best deal around. She made some very stupid decisions and got caught, so her insurance went through the roof. These guys were one of the few that would actually take her on.
Right out of the bat the insurance goes up 60 dollars a month because I was on the policy as a second driver and because I moved down here. Not so much of a big deal but it would have been nice if they would have said the amount would go up since I did tell them I was moving before any money changed hands.
So, for another year or so nothing out of the norm occurs. Except for the stupidly high rates. Well than after the 1 year was up, they switch us to another insurance company without telling us or asking us. Mind you I didn't mind too much since the rates went down by almost half. (Though I was still annoyed they could just switch carriers like that)
So, now to more recent times. I had been trying State Farm to get her covered, but since she was such a 'risk' State Farm would not cover her. Well finally, when I got the Contour, they were able to get her into some coverage (also helped she got some life insurance as well, I bet!) so I tell her to call the Precept Group and tell them to cancel the insurance. Well I guess they did not believe her as a couple days they called and said that they would need a letter to make it 'official'. So off goes a letter saying that the insurance is well indeed to be canceled. Well holy crap! You'd think that someone bought these guys out cause all of a sudden I am getting calls everyday from them saying they were able to do some calculations and get a lower rate. (So how come when we called before we talked to State Farm they could not?) I tell them, thanks but no thanks, you already had your chance.
Well guess what happens? The gf comes to me and tells me that they still went ahead and tried talking money out of her bank account. Though because she paid for the State Farm policy, there wasn't enough to cover the other withdrawal, so we get hit with a NSF fee.
What burns me is that they said it would be canceled for the end of July. If there was any outstanding amount (say a fee for early cancellation of a policy) they would send us a bill/refund for the amount. Which it should be a refund as we paid a deposit at the very beginning and it is way more than the monthly bills were at the end of the policy.
So I call hem up today to see what the hell is going on and the lady tells me that it takes 3-4 WEEKS for a policy change to take effect. Funny thing is that my gf called them at the beginning of the month to cancel and faxed over the letter a couple days later. Not to mention the agent which I spoke too never said anything about a 3-4 week wait. The lady on the phone also tells me the letter 'downloaded' just on the 30th? Where the hell was it for almost 3 weeks? On someone's desk?
I know it seems a little much for a small $35 NSF charge to possibly a $135 charge (how can I be charged a fee for early cancellation if I never actually signed anything to endorse the coverage?) But it is just the piss poor communication and broken promises that have got me angry. The lady on the phone today said that I would be reimbursed for any charges that occured after I said I wanted the policy cancelled. I asked if that would include the 35 dollars for the NSF charge. She says 'NO.' We will see about that.
 
why not just block payments? should they try to take money again


orrr.... dispute the payment with the bank(assuming that the cancellation was supposed to take effect when called and no coverage was necesary since your g/f was with another insurance company; you can NOT be insured by more than one INS company AFAIK), and you , might be able to get you NSF fee withdrawn also.

beaware of State Farm, they're greedy rats too, my rates were reduced at some point and they ripped me off for a year of 50/month; but then again, all depends on your agent .

I don't know how much she pays with state farm(unless you use their good student discount, I don't see any reason to stay with them).

I'm with RBC and I'm paying a relatively good rate despite my record of retarded driving.

Also, try the cooperators, some offer good rates.

Good Luck!
 
I say talk to the bank I talked to one of the advisors a few weeks ago on my plan and she erased $60 in debit fees. They'll do it for you just to keep your business.
 
Well I talked to the Precept Group and they said to send in a copy of the statement showing the NSF fee and the insurance company will 'see what they can do'.

We both bank with PC, so I will try talking to them, but not sure how well they will be able to help with something like this.

As for State Farm, I have heard people before saying they did not like them, but I have never had any problems. Maybe it is because I have a good agent, but they have had the best rates of anywhere and my agent does whatever he can to make sure I am happy. I remember one time a couple years ago I just off hand mentioned to him that I had been looking for insurance somewhere else and he got personally offended. He couldn't believe that I would actually go looking for insurance somewhere else without talking to him about it first. I told him I just wanted to make sure I was getting the best deal for myself. He than told me that if I could find something cheaper out there he wold personally make sure I got a better deal with him. So far I haven't been able to find anything cheaper.
 
I just recently went looking for insurance rates as well and I told my SF agent about this and he looked for me. He went and took my parents name and used it for me since they have more than 10 years with state farm. The agent calls me and faxes me stuff. From his house and cell phone. One time he even helped me out when he was on vacation. Just my experience with SF.

BTW could you just track the way your gf sent the letter? By fax printout or email sent messages to prove the letter being sent out way before they actually "downloaded" it?
 
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