My wife and I had dropped the coverage on my suv since I could not drive due to my leg injury(My suv,s a stick).I had done some repairs to the wifes car and decided to get AAA coverage for her until I,m up on my feet again. They also offer insurance thru AAA and I compared them to my current co. and discovered that we could get the same ins coverage for $324 less a yr. So we ordered up the policy and called Infinity to cancel. That was 2 mo,s ago I get a letter in the mail today saying I owe them an additional $132.89 for early termination and if we do not pay by the 3rd of July the will turn it over to a collection agency,place the outstanding debt on my credit report and notify the Ga. division of motor vehicles. I,ve called our Consumer affairs bureau as well as the Ga. Ins. commisioners office to file complaints. Just thought I,d let ya,ll know about the latest ripoff schemes by the Ins. industry and to stay away from INFINITY INSURANCE CO.,BIRMINGHAM,ALABAMA.
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Since insurance is a contract it was probably in the policy if you had read it.Not siding with the insurance co. but most people never read their policy,happened to me once told my agent I wanted full coverage and he oppted to not include rental vehicle and when i needed it he said i should have read the policy.I did'nt like it but he was right. -
What paintman said. I am not defending the insurance co either but you should have read the policy before signing it.David
The chief cause of failure in this life is giving up what you want most for what you want at the moment.Comment
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While I agree with both of your comments had we simply not have made the payment they would have cancelled the policy themselves and we would not have been charged because they dropped our coverage instead of me dropping them. Plus we gave them the option to price match the competition. This is just another case of corporate greed gone bad and we as Americans should stand up and fight these greedy B......S. Fact of the matter I doubt if they would even bother if they had not made poor decisions investing money in the stock market before it took a nosedive, Why should we pay for their poor investing strategys?Comment
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I'm not going to say you should have read the policy as that's what everybody has said and would be redundant. You might get the fee dropped by complaining, but with some situations with all the jumping through hoops you have to do to keep it out of collections (which can be the biggest PITA, and detrimental to credit issues) it might just be easier to pay the $132.89.
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Which is what the company is counting on and me being cynical, why they probably waited till now to tell him he owed the money instead of two months ago when he cancelled it. I do see his point and agree that it is shoddy business practice, but I am not sure complaining is going to do any good. From a legal standpoint there is probably not much that can be done other than to pay up.David
The chief cause of failure in this life is giving up what you want most for what you want at the moment.Comment
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It's a lot easier for them to put a blot in your credit file than it is for you to remove it. I don't think anybody needs that these days.Comment
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I had an interesting dilemma years ago. For over a year, I was paying for car insurance to a local agent. Come to find out the guy was arrested for being a fraud. He never sent premiums anywhere other than his own bank account.
When I applied for real coverage, I had a problem because I was previously not covered. At the time State Farm agreed to cover me when I showed the canceled checks.
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Cancellation fees must not be allowed in Wisconsin, as I've never heard of an auto insurance company pulling that up here. Perhaps one of the few advantages of living in this tax he$$.Comment
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I spoke to them again this morning, seems there was a problem with my account. As I recall we were to be set up on a monthly payment plan , when our renewal time came around I called to let them no I was looking around and asked to be taken off their EFT payment plan so we could make mo to mo payments until we decided on a carrier. They did so, Then they cancelled our policy because of non-payment before our due date because we had dropped the EFT. We had to make an emergency(thats what they called it) debit card payment and they reinstated our policy. Thats when we dropped them and got the AAA policy. Plus they never had a signed renewal policy after they cancelled our policy. I don,t think they have a leg to stand on since they cancelled our policy and have no signed renewal which to me means no contractual agreement.Comment
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