Join Date: Apr 2015
Thanked 406 Times in 233 Posts
Insurance-who's pockets get greased?
I was contacted by a nat on Wednesday. I negotiated some good prices but, as many nats do, they require I purchase insurance from their preferred provider. I don't like it but it's not a deal breaker. Three quotes came back today and the numbers are ridiculous compared to my current policy.
Current policy through Nationwide;
1 million each occurrence....2 million yearly aggregate....deductible $0.00....premium....$1190.00
Today's "preferred" insurance quote;
1 million each occurrence....1 million yearly aggregate....deductible $2,500....premium....around $2300.00
Now, will somebody tell me who's pockets are getting lined and how is this legal? What's even worse, I gave them an estimated income number about 1/2 of what it should be! Crooked a$$ crooks.