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  • Report:  #1143379

Complaint Review: People's Trust Insurance Company

People's Trust Insurance Company Non-Renewal with no reason, right before hurricane season starts!! Boca Raton Florida

  • Reported By:
    Anonymous — Miami Florida
  • Submitted:
    Fri, May 02, 2014
  • Updated:
    Fri, May 02, 2014

I am among "thousands" of insured homeowners that suddenly are receiving "non-renewal notice" in the mail, for no reason, just before the hurricane season starts.  

I just purchased my policy last year, it has been over 90 days, and still they are cancelling my policy. 

I got the same reason for non-renewal:

1. Catastrophe expusure management. The company has determined that financial management and reinsurance cost considerations required a reduction in its residential insurance exposures. 

This letter is signed by an "authorized representative" with no legible name. 

I have three months to find another company that would insure me right before the hurricane season starts, probably at a higher rate. 

DO NOT BUY PEOPLE'S TRUST INSURANCE.  Bait and Switch!!!  A RIPOFF!!!!

 

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