Complaint Review: People's Trust Insurance Company - Boca Raton Florida
People's Trust Insurance Company Non-Renewal with no reason, right before hurricane season starts!! Boca Raton Florida
I am among "thousands" of insured homeowners that suddenly are receiving "non-renewal notice" in the mail, for no reason, just before the hurricane season starts.
I just purchased my policy last year, it has been over 90 days, and still they are cancelling my policy.
I got the same reason for non-renewal:
1. Catastrophe expusure management. The company has determined that financial management and reinsurance cost considerations required a reduction in its residential insurance exposures.
This letter is signed by an "authorized representative" with no legible name.
I have three months to find another company that would insure me right before the hurricane season starts, probably at a higher rate.
DO NOT BUY PEOPLE'S TRUST INSURANCE. Bait and Switch!!! A RIPOFF!!!!
This report was posted on Ripoff Report on 05/01/2014 06:13 PM and is a permanent record located here: https://www.ripoffreport.com/reports/peoples-trust-insurance-company/boca-raton-florida-33487/peoples-trust-insurance-company-non-renewal-with-no-reason-right-before-hurricane-seaso-1143379. 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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