I do not want to mention a company name at this point. At least not until I get answers later this week. I'm asking here just to see if this is common and/or what my options (if any) are.
I built a house in the country at the ranch. Once complete we needed regular home insurance. So we get the usual spill from several insurance companies about bundling auto/homes to save blah blah.
So we choose one. A big name and rates were a lot lower than from the last one we used in the city on our older home. We had 2 cars, house in city and new ranch house (plus cabin at ranch and general liability umbrella).
So we get it all set up, cancel our previous insurance with the other company, and have been paying for Jan, Feb.
Now we are told since the ranch is in a family trust and not in our personal names they can't insure it so we will have to go through their commercial side/branch. I don't think I'm going too far out on a limb thinking it's going to cost more when I get the new quote.
It feels like a bait and switch. We basically fire our other insurance that we had for years and were friends with. Now what? I guess technically insurance companies can just raise rates at certain points anyhow.
But has anyone heard of having to go commercial when the property is in a trust?
I built a house in the country at the ranch. Once complete we needed regular home insurance. So we get the usual spill from several insurance companies about bundling auto/homes to save blah blah.
So we choose one. A big name and rates were a lot lower than from the last one we used in the city on our older home. We had 2 cars, house in city and new ranch house (plus cabin at ranch and general liability umbrella).
So we get it all set up, cancel our previous insurance with the other company, and have been paying for Jan, Feb.
Now we are told since the ranch is in a family trust and not in our personal names they can't insure it so we will have to go through their commercial side/branch. I don't think I'm going too far out on a limb thinking it's going to cost more when I get the new quote.
It feels like a bait and switch. We basically fire our other insurance that we had for years and were friends with. Now what? I guess technically insurance companies can just raise rates at certain points anyhow.
But has anyone heard of having to go commercial when the property is in a trust?
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