Report: #662946

Complaint Review: Co-Operators Insurance - St Catharines Ontario

  • Submitted:
  • Updated:
  • Reported By: Cynthia — Fenwick Ontario United States of America
  • Co-Operators Insurance St Catharines, Ontario United States of America

Co-Operators Insurance 500% premium increase in homeowners insurance-Co-Operators!! St Catharines, Ontario

*Consumer Comment: Try Another Company

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Outrageous increase of homeowners insurance premiums because of 2 subsequent water claims within 2 days of each other.  Damages were continuous from initial event but due to timeliness of repair and attention to detail, we suffered a 500% increase in our insurance rates.  890$ to 4800$....A blow to our budget!  I also called our agent when our secondary damages happened and specifically inquired about increase in rates; obviously a concern of ours.  I was told that we would face loosing our multiple policy discount of 10% only.  I accepted this and expected to face an increase and higher rates due to the claims but NEVER this much. 
We called our agent upon renewal and questioned this and were told the company has suffered too many losses and is attempting to recover....Yeah!  From my own pocket!  Had I known this would occur, I probably would have opted to repair the damages or have a contractor repair for us at a more reasonable price!  I cannot understand the power and control insurance companies have over us.  Hook, line and sinker!  In fact, it has led us into somewhat of a financial burden ....just think of it as an extra MTG payment or car payment...My Canada Pension Disability income surely dips down rapidly on the day Co_Operators debit my account.  It makes me sick!!  I've attempted to find other companies however given the fact we have 2 claims within 1 year, they deny us immediately.  There must be something I can do to remedy this?  Is there?

This report was posted on Ripoff Report on 11/17/2010 07:56 AM and is a permanent record located here: https://www.ripoffreport.com/reports/co-operators-insurance/st-catharines-ontario-/co-operators-insurance-500-premium-increase-in-homeowners-insurance-co-operators-st-662946. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

Try Another Company

AUTHOR: Jen Mc - (Canada)

POSTED: Tuesday, February 08, 2011
I am a former Co-operator's customer. 

Try another company like Bellair Direct.  That is where we went.
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