sfav8r
Senior Member
- Location
- San Francisco Bay Area
Hi,
I have been with CBIC insurance for quite some time. Lately, it seems as though they live to drown me in paper work.
Two things they have done this year really puzzle me. First, I have $2,000,000 liability policy, but they wanted me to sign a document stating I would not work on individual homes with a value of more than $1,0000,000. Why? I refused to sign and sent them a letter stating that I was not a real estate apraiser and was not qualified to determine the value of the property I worked on. They finally agreed to raise the amount to $2,000,000 if I would agree to sign the paper. I modified ot clarifying that I wasn't qualified but would make my best guess. (I live in San Francisco, so $2,000,000 isn't uncommon).
Now after reviewing my income statement this year, they questioned an "other income" item I had for about $18,000. I wrote them back and explained that I had done some web site development for a client (I did this in a previous life).
Much to my surprise, they responded by sending me a letter telling me that I had to stop doing this immediately or they would cancel me.
I can see a rate adjustment or something, but canceling me?
Does anyone else use CBIC and if so, what has your experience been? Any other suggestions of who I might get quotes from before I get cancelled?
Thanks.
[ June 20, 2005, 10:07 PM: Message edited by: sfav8r ]
I have been with CBIC insurance for quite some time. Lately, it seems as though they live to drown me in paper work.
Two things they have done this year really puzzle me. First, I have $2,000,000 liability policy, but they wanted me to sign a document stating I would not work on individual homes with a value of more than $1,0000,000. Why? I refused to sign and sent them a letter stating that I was not a real estate apraiser and was not qualified to determine the value of the property I worked on. They finally agreed to raise the amount to $2,000,000 if I would agree to sign the paper. I modified ot clarifying that I wasn't qualified but would make my best guess. (I live in San Francisco, so $2,000,000 isn't uncommon).
Now after reviewing my income statement this year, they questioned an "other income" item I had for about $18,000. I wrote them back and explained that I had done some web site development for a client (I did this in a previous life).
Much to my surprise, they responded by sending me a letter telling me that I had to stop doing this immediately or they would cancel me.
I can see a rate adjustment or something, but canceling me?
Does anyone else use CBIC and if so, what has your experience been? Any other suggestions of who I might get quotes from before I get cancelled?
Thanks.
[ June 20, 2005, 10:07 PM: Message edited by: sfav8r ]