2007-07-06 07:30:16 · 10 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
I guess it depends on what you mean by 'bad claim'.
You may be S.O.L.
2007-07-06 07:34:09 · answer #1 · answered by Joe M 5 · 1⤊ 0⤋
By voided do you mean nonrenewed? Or, do you mean voided in that the policy never existed because of fraud or misrepresentation? These are 2 totally different things. If it was just nonrenewed due to a large but valid claim, you should be able to find insurance, go to a good reputable, larger insurance agency that may have pull with a good company (if they have multimillions in premium with a company they have some pull). There are 2 kinds of valid claims, one involves negligence (you left a pot on the stove & the house burned down) or a non-negligent claim (tornado blew your house down). It will be easier for you to find coverage with a non-negligent claim.
If your claim involved any fraud, well, good luck. I don't know if even the surplus & excess market will write you. Luckily, so far, I have not had to find insurance for someone who had a fraudulent claim. You may not be able to find insurance for many years. If your state has a fair plan (homeowners assigned risk), try there. Usually a state sets up a fair plan when standard companies won't write in their state or are leaving the state (like FL recently and states with coastlines).
2007-07-06 22:06:26 · answer #2 · answered by Sue 6 · 0⤊ 1⤋
The insurance industry has a database, similar to the credit bureaus that keeps track of property insurance claims on an individual basis. It's called a CLUE report. Insurance companies use information from this report when underwriting property coverage. If your claim is in this report, it will make it difficult to obtain coverage from a respected company at a decent premium.
You didn't state what the nature of your "bad claim" was, but if it was fraudulent, you are going to have a very hard time getting new coverage.
2007-07-06 15:16:33 · answer #3 · answered by Scott H 7 · 1⤊ 0⤋
Depends what you mean by a "bad claim". They wouldn't "void" your insurance just because of a large, but genuine, claim. Sounds more likely that they've caught you out in some fraud. If so, you'll have a struggle, as they all share information. I'd suggest you use an agent, tell him your problems and let him try to find cover for you.
2007-07-07 05:29:52 · answer #4 · answered by champer 7 · 0⤊ 0⤋
I would have to know more about this 'bad claim'. If the claim was for a large amount then there should not be a problem - just contact an insurance broker and they'll be able to refer matters to their favourite company - after all you may still qualify for a company after a large claim.
If the claim involves moral turpitude then that will be harder - again a local broker may have a specialist scheme to cover these risks (try for a BIBA broker - or contact BIBA they may be able to refer you on).
2007-07-06 17:11:41 · answer #5 · answered by welcome news 6 · 0⤊ 0⤋
By law, someone has got to provide Homeowners Insurance. There are companies that are "pools" or something like that. Ask another insurance company about it. They know their business. I would also make it public about the company dropping you. Tell all your friends about it. My parents were with a HUGE insurance company that rhymes with slate charm for 25 years and never made a claim until a big hail storm, and they had to get the roof replaced on the house. When they made the claim, the agent dropped them. This was a guy that 25 years before had knocked on their door trying to drum up business and make a start for himself. Needless to say, I switched over to another company that rhymes with charmers. Got great service, but it is all about your agent.
2007-07-06 14:43:37 · answer #6 · answered by Stephen 3 · 0⤊ 1⤋
If you mean fraudulent claim, you might be out of luck. Most insurers will not cover you if you have tried to defraud another company. If this is the case, your mortgage lender will become very unhappy and potentially force you to sell.
If by bad claim you mean a very large one, you should be able to find coverage although your premiums may be higher.
2007-07-06 14:39:04 · answer #7 · answered by Jay P 7 · 1⤊ 0⤋
What do you mean "a bad claim"?
Was it a high claim,if so they can't void your insurance.
If you mean you made a fraudulent claim,no-one will touch you with a barge pole,they are all in contact and know about fraudulent cases.
2007-07-06 14:42:04 · answer #8 · answered by Pat R 6 · 1⤊ 0⤋
I think you'd better post abit more information then you might get some actual advice rather than assumptions and guesswork.
2007-07-09 09:51:02 · answer #9 · answered by Micky Fees 3 · 0⤊ 0⤋
You need help. That's their job.Do yourself a favor. rather than asking us, or messing around with the Internet, pick up the phone, or better yet, go and see an independent agent.
you name it, they deal with it.
2007-07-06 14:56:52 · answer #10 · answered by Barry auh2o 7 · 1⤊ 0⤋