Alyssa
New York,#2General Comment
Tue, July 17, 2012
Hello, I am a producer at WABC-TV in New York, NY. We are working on a story on The Hartford Insurance Company and we found your complaint on the Ripoff Report. We would like to talk to you about your story. Please contact Jim Hoffer at (212) 456-4154 to discuss what happened with the company. Thank you.
Wayne
Oklahoma City,#3UPDATE EX-employee responds
Thu, January 22, 2009
I do not work for the Hartford but do work for another insurance company. It is a very common misconception that insurance prices equate to market cost. Insurance companies usually do not care at all what your market value is--- they will NEVER sell your house. Insurance companies will only REBUILD your home. Whether you're in California (where Market Value is MUCH higher than REBUILD costs) or Michigan (where REBUILD costs are MUCH higher than Market Value) insurance only cares about what it costs to rebuild-----they will never pay you the value of the home, they will only REBUILD it. Your land, location, etc do not matter to insurance except in regards to the cost of labor/materials. So even if the homes market value dropped, the cost of labor and materials has gone UP. that is why your premium increased---to provide more coverage. This is common amongst all insurance and is the way insurance is provided. If you have more questions, please post. It's better to ask questions than to complain about things you aren't sure about.. or call your carrier and let them explain before you take the time to write a post about how your insurance just randomly increased.