State Farm Insurance - Your opinion please - Mercedes-Benz Forum

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post #1 of 20 (permalink) Old 01-21-2009, 08:01 PM Thread Starter
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State Farm Insurance - Your opinion please

I've had State Farm Insurance for my business for the last 13 years. I also have 3 cars and my house insured under them along with life insurance for myself and my wife.

Last January my business was robbed at gun point and I made necessary claim to recoup my losses. After the hefty deductable, I received 1000.00. That is less then what I had lost that day.

Today I get a letter letting me know that my business insurance will be cancelled in Febuary. After 13 years of 800-1200/yr(due to increasing insurance rates), they will cancel me for making ONE claim for robbery. I'm really lost for words.

What is insurance for if you can not even count on them to protect you? I can understand if I was getting knocked off every month, but ONE claim in 13 years?

Because of this reason I will cancel my insurance for the 3 cars, life insurance for myself and my wife and my home tomorrow, and go with someone else.

How is this even ethical? What ever happened to State Farm being there for you? I guess they have no problem padding their pockets with "free" money, but as soon as they have to give a fraction of it back, they will cancel you.

End rant...

What do you guys think of my situation and does this sound ethical to you?

Opinions would be appreciated.
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post #2 of 20 (permalink) Old 01-21-2009, 08:08 PM
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Drop them, trust me they won't miss your money.
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post #3 of 20 (permalink) Old 01-21-2009, 08:09 PM Thread Starter
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Yeah... I plan to do just that tomorrow. Along with the insurance for 3 cars, our home and life insurance for myself and my wife.
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post #4 of 20 (permalink) Old 01-21-2009, 08:16 PM
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Do you have these policies through an agent or do you simply call them for each separate policy?
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post #5 of 20 (permalink) Old 01-21-2009, 08:20 PM Thread Starter
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Originally Posted by drewprof View Post
Do you have these policies through an agent or do you simply call them for each separate policy?
Its all through the same insurance agent.

Is that a no-no? Open to suggestions.
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post #6 of 20 (permalink) Old 01-21-2009, 08:21 PM
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Yeah... I plan to do just that tomorrow. Along with the insurance for 3 cars, our home and life insurance for myself and my wife.
Just make sure your insured under some place else before canceling.
And you just as well wait until the Feb date to do so. Or until each policy is about up.

Never know you might have to file another claim with them before that date.

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post #7 of 20 (permalink) Old 01-21-2009, 08:22 PM
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Originally Posted by DropTopTwin View Post
Its all through the same insurance agent.

Is that a no-no? Open to suggestions.
No that's great, it makes revenge even sweeter. Invite the dude or dudette for lunch or diner and make sure that there will be a lot of people, you know like a party. Tell him that you will be updating your policy and there will be plenty of people for him to mingle around and prospect.
Once seated at the table, drop the bomb. Pick a moment when his mouth is full.
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post #8 of 20 (permalink) Old 01-21-2009, 08:24 PM
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If you have had the same agent for 13 years, call him/her and meet with them. They can intercede on your behalf to have the cancellation stopped.

I have had state farm since 1976 without a single problem. I really believe the key is your relationship with your agent. They work with me so I don't have to have full insurance on all my cars, keeping some accounts suspended when cars are being restored or stored for the winter and are very good when there is an overlap of service so I don't have to double pay.

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post #9 of 20 (permalink) Old 01-21-2009, 08:28 PM Thread Starter
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Quote:
Originally Posted by Multipurpose View Post
Just make sure your insured under some place else before canceling.
And you just as well wait until the Feb date to do so. Or until each policy is about up.

Never know you might have to file another claim with them before that date.
Yes of course. I will be switching over to my wife's family's business insurance agent. I'm sure they probably work the same way, but I just don't want to give state farm any more of my money.


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Originally Posted by drewprof View Post
No that's great, it makes revenge even sweeter. Invite the dude or dudette for lunch or diner and make sure that there will be a lot of people, you know like a party. Tell him that you will be updating your policy and there will be plenty of people for him to mingle around and prospect.
Once seated at the table, drop the bomb. Pick a moment when his mouth is full.
LOL!!!

I don't know about inviting him to dinner, but I've already spoke with my business owner friends who are insured with state farm. They couldn't believe the bs and they want to switch as soon as their policies are expired. One of them will be expired by end of the month and he has informed me that he will switch. We have the same agent.
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post #10 of 20 (permalink) Old 01-21-2009, 08:30 PM Thread Starter
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Quote:
Originally Posted by mcbear View Post
If you have had the same agent for 13 years, call him/her and meet with them. They can intercede on your behalf to have the cancellation stopped.

I have had state farm since 1976 without a single problem. I really believe the key is your relationship with your agent. They work with me so I don't have to have full insurance on all my cars, keeping some accounts suspended when cars are being restored or stored for the winter and are very good when there is an overlap of service so I don't have to double pay.
I will speak with him tomorrow. Thank you for the suggestion.
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