A nice discount on your home insurance???
The Texas Department of Insurance has been approached by an insurance carrier wishing to implement a new discount for select policy holders.
Everyone likes a reduction in their rates...who wouldn't? But at what cost? The attached article delves into the complexities of the proposed discount. Basically customers would forgo their right to sue the insurance company in the event of a disputed claim. The right to litigate against your insurance company in the event of their not meeting the written obligations owed to you is, and has always been, a fundamental protection given to consumers. Giving up this right would grossly favor the insurer when things go south in a claim.
Buyer beware...a few hundred bucks today could cost you thousands in the future.Proposed insurance discount
Water Damage Express and fire Restoration,Large Loss specialist
8 年You never want to give up your rights against the insurance company . A discount to the insurance company is letting the insurance compAny high jack your claim or the process. What are we buying a HMO type of insurance company .
Agency Owner at Farmers Insurance
8 年I like options, but not sure I would buy it...