Discount Homeowners Insurance

Discount Homeowners Insurance
Hurricane Guide 2010: Insurance plans come in all sizes
Property owners should meet with their insurance agents to review coverage before hurricane season starts.
Florida Home Owners Insurance Rip Off

Just bought new Homeowners Ins. policy & an initial discount was removed!?

I just switched both my old home & auto policies to metlife (from Amica & GEICO), due to substantial rate savings. My quote & initial paperwork for the new home owners policy provided for a “superior home discount” of 10%. After my first year premium was paid in full, I received a notice from the insurance company that the discount was removed, with no explanation, with a bill for the remaining amount due. How can they retroactively increase my premium like this? Obviously, I will call tomorrow, but I am irrate, since I just went through all of this trouble to switch, in reliance on the rate being lower due to the discounts !
Just to clarify: my policy has not renewed. I just paid for my first year upfront, and immediately they send me paperwork saying, “discount removed, additional xxx owed.”

Quotes are not binding from any company and with any type of insurance, and are contingent upon underwriting. Usually they are given in good faith dependent upon the information known at that time.

Who told you that you qualified for the discount? If you do not qualify for any discount it can and will be removed retroactively to the time of policy inception or the time you no longer qualify, not the time that underwriting found out you did not qualify. If the agent told you that you qualified SOMETIMES the agent can argue his case with the underwriter and get it reinstated. If you do actually qualify for the discount, or if the agent can get it back, it will be reinstated and you won’t owe anything more.

If you did this all on-line without using an agent you were acting as your own agent and therefore you are probably stuck with the new rate.