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Received a letter this week that after 19 years of having our homeowners policy with State Farm they were not renewing our policy next month. We had two claims within the past 3 years.

One was lightning and one was wind damage both totaled about $6,100.00. If they don't want people makeing claims then they need to raise their deductibles where people won't be making claims. Had we known we would be dropped for these two claims we would not have made them. Also we had our dirt bikes and ATV's insured with them.

I moved our business elsewhere last month. My son got a dirtbike in May, we just transferred covered from old bike to new bike. Took them 60+ days to get this change done. Then they billed me $60.00 for May to August when the policy renewed.

The total bill when policy renewed in August was going to be $120.00 for the year. They were billing me half a years premium for 3 months. I called and complained and was told that they pro rate motorcycle insurance and the spring and summer months are more because that is when they are ridden the most. If I had not transferred from old bike to new then the premium would have been about $10.00 per month but since they transferred it was double.

Needless to say we moved a dirt bike and two ATV's to a different insurance and are paying a much cheaper rate.

State Farm is not what it used to be. As soon as I secure new homeowners insurance I will be working on moving everything else we have there as well.

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Guest

Wow...Looks like we aren't the only ones. We were dropped last week as well, after 11 years with State Farm.

We filed two claimes in June and October of 2012 for wind and hair damage, both for which State Farm denied. They didn't pay out anything $0.00, even though multiple roofers indicated we needed a full roof. Now, fast forward a year later, we have a leak in our roof in my baby girl's bedroom and the entire wall and ceiling needs replaced (by the way, our home was built in 2008). Now State Farm isn't answering calls and the adjuster/agent/EVERYONE is avoiding us.

We got a letter in the mail on Saturday indicating they were dropping us for filing too many claims...even though they have never paid out anything!!!! Also...it appears the adjuster has downplayed the damage in the report. We have 16 shingles missing all over the roof and he has indicated only 6 were missing. I'm sure there are many more inconsistencies where that comes from.

We are now seeking legal advice and filing a "bad faith" claim against them.

Guest
reply icon Replying to comment of Guest-696099

Why in the world are you filing claims that don't even reach your deductible? Sixteen shingles missing and you're calling the insurance company?

When are people going to understand, insurance is not a maintenance policy? It is for MAJOR CATASTROPHE. Your house burned, a tornado blew your house away, you caused a horrible injury to someone on your property due to your negligence. This is what insurance is designed to do...keep you out of bankruptcy.

You are going to LOSE the "bad faith" claim. You are going to have a VERY hard time finding other insurance at a reasonable price.

Insurance companies base their eligibility/desirability on how often they believe you will file a claim. Those who file three claims in 11 years are well above the statistics.

Guest

While you are shopping, only buy a policy with a VERY high deductible. Do not make claims for anything under $5,000 and only if it will cause you a large financial hardship.

Homeowners insurance companies have changed a great deal in the last 10 years. Basically, since the major storms and fires that have run rampant across our country. It's not a profitable business anymore. Homeowners insurance is hard to come by and unfortunately you're going to have a difficult time finding a replacement company. Those that you will qualify for are low coverage and high rates. Your claims will count against you for a minimum of 3 years.

The insurance companies look at statistical risk. Loyalty doesn't mean anything. Most policyholders file one homeowners claim every ten to twelve years. Anything beyond that tells the company you're more likely to make another claim and soon. Profitability is measured renewal year to renewal year, not the culmination of the years you've been insured. Your policy and risk starts over at each renewal. The history and likelihood of claims is what is measured.

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