James
Union City,#2Consumer Comment
Tue, July 05, 2005
I beleive your problem is somewhat related to mine. I paid my premiums in advance. When I decided to cancel my policy, since I had a better rate quote from Geico, I was not aware that a penalty charge on cancellation applied. They did not tell me this when I started my policy on 12/6/04. The policy was paid in full for the year, through 12/5/05. When I cancelled my policy, I was charged rediculous penalties and fees. They did not tell me this in advance when I paid for the policy. It sounds to me like they are trying to charge you unfair fees as well (the reason for your bill). I used 7/12 of my premiums. I should have been refunded around $392 and received a check for $187.88 for unsearned premiums. THEY DO NOT MIND TAKING YOUR MONEY. They do not tell you about keeping it if you cancel. Keep in mind, they will cancel in a heartbeat on you for an accident of ticket without paying you a dividend on the unearned premiums. Please let me know if you think find that they are doing business illegally.