My husband and I have been with nationwide ins. for 10 or more years. In that 10 years time we have had one claim,which they took care of in a timely manner,with out raising our rates. Then the bottom dropped out.
Six months ago our home owners ins. went up almost 40 percent. From 574 dollars a year to over 900 dollars a year! I about fainted. When I called to ask "what is this"? I was told everyones had gone up due to mold claims here in Tx. Well what does that have to do with me? I have a new home, no mold here. It seems because of those claims, we here in tx. got socked with picking up the tab.
Nationwide also said that they may have to stop insuring homes because of the cost of the mold claims.
Since the shock of the higher rates of homeowners ins. has died down and us hard working folks got back to taking care of business, there has been no more talk by nationwide of pulling out of insuring homes. And why should they? Their customers are footing the bill.
Almost two years ago my husband got a ticket for crossing over the double white line on an exit ramp. Last week Nationwide informed us that we were now a "high risk", And dropped my husband from our policy and placed him on a high risk policy with another of nationwides insurance companys!
We could not get over this. When we called, we got the run around, tried to explain that it was not a speeding ticket. It did not matter. When asked why it took close to two years to address this ticket, we were told that that is just how the computer program works. In a pigs eye! I think it is time to look around for another ins. company,what I'm starting to smell is not so sweet.
Insurance companies, what a racket!
Lake Dallas, Texas