Switching Insurance Companies
It is certainly okay to switch insurance companies if it is in your best financial interest. We are a capitalist culture, after all. Everyone should shop around for what's best for them. But be careful about not paying your premium because you believe you've got a new carrier. For instance, you go into a State Farm office, fill out an application, throw away your premium notice for Farmer's - only to find out that State Farm turned down your application. Farmer's could technically drop you for non-payment of premium. Usually, it's best to pay up on your premium, obtain your new insurance, and then contact your old carrier for any reimbursement.
First answer by Allen. Last edit by Crystal. Contributor trust: 1324 [recommend contributor]. Question popularity: 202 [recommend question]
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