Geico Travellers Insurance
Home Replacement Cost replacment cost doubled based on "inspection" after contract signed

Business & Finance

I decided to change my home insurance as my last company upped the premium 70%, so I called Geico, Travellers and they gave me a quote of 1097.00. They had a replacement cost on the house much higher than the last insurance company of 376,000. My house is appraised at 271,000 by the county. The last insurance company had the replacement cost at 330,000. So that was fine I took the premium for 1097.00 after giving them the details of my house and the county sq footage which was 2600 sq feet which does not include basements. Then a few weeks later I get a letter saying they sent an inspector to my house who measured the outside of the house and NOW the replacement value is 571,000. This also increased my premium to $1830. They say they don't use the county sq footage and they also include the garage as sq footage also. They also INSIST that you are insured to replacement value which is very convenient for them. This seems an obvious scam to me, the guy on the phone with the same information gave me a replacement value of 376,000 knowing the county square footage and knowing that this would not include the garage. Is there any way I can get out of this contract? I am very surprised Buffet puts his name behind a company like this. I now have a more expensive policy than the one I changed from and I lost the auto/home insurance discount from my auto insurance.


Company: Geico Travellers Insurance
Country: USA
State: Connecticut
City: Hartford
Address: One Tower Square, 6PB
Phone: 8003282189
  <     >  

RELATED COMPLAINTS

Geico Insurance
Quote Request Led to Premium Charged to Bank Without Purchase

GeoVera Insurance
Earthquake Insurance-over evaluating the replacement cost of the insured property

Travelers Homeowners Insurance
Inspection Report Wrongly Lists Home as Two Story, 2,056 Square Feet

Geico
Premium doubled after minor claim for dented bumper

GEICO Insurance
Online quote rose to higher premium by county before purchase

Geico ins. GEICO company geico insurance company Washington DC geico claims department geico general
Insurer promised to pay medical bills, then backed out until I sued

Geico
Homeowners policy cancelled at renewal after a late premium

Asurion
Phone Insurance Deductible Is Reasonable, Read Your Policy

Geico Auto Insurance
Premium raised after moving to next town with higher area rating

Geico Insurance Florida
Premium raised over 50 percent without notice, double billing