GEICO Insurance Company
Told medical coverage was legally required to reinstate auto policy

I had been a customer of Geico Insurance company for a while and always paid my bills on time. I felt I was a valued customer. I got laid off from my job and let my coverage lapse. I called them up a month later and tried to get my insurance re-instated. When I spoke with the GEICO representative she informed me that the laws in my state (Colorado) had recently changed and that I was now REQUIRED by law to sign up for medical coverage in order to have car insurance. She informed me that I was required to pay for the coverage for at least 1 month and after that time if I wanted to cancel or "opt-out" of the overage I had to write a letter to GEICO requesting this. No doubt this strategy gets them out of paying out even less money than they already take in.

Anyway, this "requirement" sounded fishy to me so I told the woman I would have to call her back. After I hung up the phone I contacted a local insurance company in Colorado and inquired about this new "requirement" that the GEICO representative tried selling me on. I was informed that this was absolutely NOT the case in Colorado and there was no new state law requiring that I elect for Medical Coverage. The only new law in effect was that insurance companies in Colorado were now required to OFFER this coverage.

A person electing this coverage was still optional only. I was furious at the fact that this insurance company that boasts continuous record profits was trying to deceive me in order to make even more money. We all know that insurance companies get frantic and cancel your coverage if YOU don't pay them but the minute you have an accident and need the service you paid for to be rendered they start trying to find ways to NOT pay you back.. In these trying economic times, the last thing we need is another GREEDY company lying to us to try and make an extra buck...

Company: GEICO Insurance Company
Country: USA
Site: geico.com

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