Purple Cat Posted August 16, 2013 Share Posted August 16, 2013 I switched homeowner's insurance and about 7 months after the change to a very good company discovered that I had sustained hail damage during a storm that occurred during the period that I still had coverage with my original insurer. The incident happened while I had coverage with Company A. Many months after I changed to Company B, I discovered that I had sustained damage that occurred while coverage was with Company A. I filed a claim with Company A, and Company A paid the claim. (The area had been declared a disaster area due to this storm.) I am looking at changing my policy with Company B to a cheaper policy. (They are reputable but the rates I am paying have skyrocketed during the last two years.) Company B is asking me to complete a new application to get this cheaper policy. The application asks about claims during the past 5 years. Won't Company B already know about the claim with Company A? Don't they check everything when they get ready to renew your policy? Is there a chance I will be denied because I had filed a claim with Company A for damage I learned of after purchasing the Company B policy? Thank you! Quote Link to comment Share on other sites More sharing options...
Lara in Colo Posted August 17, 2013 Share Posted August 17, 2013 If you don't disclose EVERYTHING, they can deny anything in the future if they find out--- it will negate your policy. Tell it all, even if you think they already know it all. Quote Link to comment Share on other sites More sharing options...
carriede Posted August 17, 2013 Share Posted August 17, 2013 I don't know any about insurance... I don't know why Company A would ever report anything to Company B. I agree with the PP. you can get in big trouble if you don't tell, regardless of their own intel. Quote Link to comment Share on other sites More sharing options...
Purple Cat Posted August 17, 2013 Author Share Posted August 17, 2013 Thank you! I just called them and explained what occurred. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.