1 /5 Dana A. Glei: Im sure you already know this, but State Farm is not a good neighbor.
We have been with them for 24 years. We had 4 policies with them: homeowners, two cars, and umbrella.
We never made a claim on our homeowners insurance, but they are dumping us (non-renewal). Furthermore, they are reporting to everyone else that we had a claim in 2020 even though we withdrew it before we they even came out for an inspection.
There was never any claim, but they show it as a loss of $0. That makes it even harder for us to find insurance.
No other insurance company will take us. We have no choice other than the FAIR plan.
We will have to get a DIC policy to cover everything other than fire. State Farm said they were willing to offer us such a policy, but theyre only giving us a 5% discount relative to last years premium.
Theyre excluding the biggest risk factor (fire) and giving us only 5% discount? Fair is going to cost us $6,500. Last year we paid $2,464 for our homeowners insurance. Now State Farm thinks were going to pay $2,343 for a homeowners policy that excludes fire, which is by far the biggest risk? I dont think so.
We already got a lower quote for a DIC policy from a company that has a better A.M. Best rating than State Farm. Were also looking to take ALL our business elsewhere.
(Now they say theyre going to take away our multi-line discount because we no longer have homeowners insurance with them. They dumped us!)
I dont appreciate being treated this way. State Farm didnt even have the decency to notify us in appropriate manner. They simply sent an email that was written as if we already knew our contract had not been renewed.
Our new insurance agent has been much more helpful. She answered all our questions and took the time to think about what might be in our best interest.
