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Originally Posted by jims69camaro
.......now, if a company jacks the rate up x% because of a claim, then what they are really trying to do is get rid of you. they can't drop any more, or so i think, because the insurance laws have changed. so they jack the rate up and you not being able to afford the new rate go shopping for a new company and they get what they wanted - for you to be with another company. now, i don't get this. if you were accident prone or something, and had several claims in one year, then i could see a pattern and could possibly agree with them. insurance is supposed to be there when you need it, not gone the second after you file a claim.
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That's the beauty of NJM Ins. Co. They don't take everyone who fills out an application, nor do they offer super outrageous savings. What they do offer is the ability to be there when you need them and not jacking your rates so you'll leave after a claim. As far as auto/home insurance goes they are the class of the field, even if the field is filled with scum bags and scam artists.
Quote:
Originally Posted by Saitin
insurance is nothing but a legalised scam now days.
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Pretty much. I mean what's the point of paying out oodles of cash for a policy only to then pay for an accident out of pocket because you are afraid of a rate hike?? Kinda defeats the purpose of insurance in all but the catastrophic situations?