So, my wife rear ended someone today. It was a (moderately heavy) glancing blow so everyone is okay but to add insult to injury, her insurance company is charging her 3x the deductible due to it being a "new policy". She's been with this company for over 5 years but every year it seems they write it as a new policy. They are stating that during the first 60 days of said new policy, any claim is charged triple deductible.
I've never heard of such a thing. Is this even a legal practice? It's bad enough that she's nearly upside down on the loan and will most likely have to pay the other party's deductible but to now be charged $1800 on a $600 deductible policy seems obsurd. Is this a thing? Like I said, I've never heard of that before in my life.
Thank you all for any input.
I've never heard of such a thing. Is this even a legal practice? It's bad enough that she's nearly upside down on the loan and will most likely have to pay the other party's deductible but to now be charged $1800 on a $600 deductible policy seems obsurd. Is this a thing? Like I said, I've never heard of that before in my life.
Thank you all for any input.