Kevin Burke the owner of Burke Insurance Services is a pesky smooth talking ripoff insurance broker.
Early in November after I obtained my contractor license, I received a letter from Kevin Burke of Burke Insurance Services claiming amongst other things that he is specialized in helping newly registered contractors get competitive quotes and cheapest insurance rates, and make it easy for them to safe money.
Precisely on November 29, I engaged the services of Burke Insurance Services to help procure general liability and automobile insurance. Not knowing that Kevin Burke was preying on my status as a new contractor who may not know the ropes well when it comes to insurance premium. Kevin Burke teamed up with IPFS (Premium Financial services) in a get rich quick scam of a deal and signed me up for general liability insurance by NAVIGATORS Insurance with a yearly premium of $10,745 a year: that is about 826% higher than the regular $1,300 for the same level of coverage that I requested through the same provider (Navigator Insurance). Weeks later when I receive a copy of the insurance package, I realized it was a fraudulent ripoff loan arrangement, with a 1.95% API and $995.43 monthly payment.
For the start up of the insurance coverage, I paid an initial start up premium of $2,249 to IPFS, and $500 dollars to Kevin Burke for Broker fee.
On December 2, I noticed the anomaly in the fee and requested a that the insurance policies by cancelled. Even though a 30 days cancellation policy was clearly written on the face of the policy document, Kevin Burke declined my cancellation request stating that thee policies are contractual commitments that cannot be cancelled. I continued to request cancellation until December 20 before Kevin agreed to cancel the policies.
After the cancellation of the automobile policies on December 20, the automobile insurance carrier (Progressive insurance) was really very honest and play fairly, Progressive properly refunded me about 90% of the initial insurance premium.
However Burke Insurance Services and IPFS Financial services failed to refund the unused portion of my premium saying that the money belongs to IPFS. After several request, Burke Insurance services later send me a check of $105.74 as the refund of the unused portion of the initial $2,249 premium.
Both Kevin Burke and IPFS are unable to provide me any account breakdown showing how the premium was appropriated and why I was only due for a refund of $105.74 after 21 days of policy start up. When I called to request clarification Kevin Burke simply said to me, "you can go talk to your insurance litigation friend maybe he can help you understand why your refund is that small".
As for the yearly broker fee, Kevin Burke claimed he has earned the $1,000 dollars and no refund is due even though I cancelled the coverage the next day.
Please be wary predators like Burke Insurance Services who only try to lure unsuspecting new contractors into huge debt.
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