Recently, I discovered that my home insurance premium was being unfairly increased. I sent a recent appraisal to my insurance provider, “Tricky Dick,” who had somehow reported my house as being 50% larger than it actually is, aiming to hike up my premium by a similar margin. To clarify, the square footage stated in their report didn’t match reality—it was like claiming LeBron James is over 10 feet tall!
The appraisal I provided clearly outlines my home’s actual size, aligning closely with previous appraisals and the county assessor’s records. It’s obvious to me that there’s a significant error on their part.
Here’s a breakdown of the situation:
During a recent email exchange, where specifics were altered for privacy, I pointed out these discrepancies. I emphasized that their inflated figures seemed fraudulent and urged them to correct their overestimation and adjust my premium accordingly. Despite their longstanding reputation, this oversight has shaken my trust.
Tricky Dick initially responded by stating they would review the details. A week later, they proposed new calculations, which still didn’t align perfectly with the real size of my house, offering only a slight reduction in the premium.
Frustrated, I responded by seeking clarification on their latest figures and emphasized my right to utilize the full rebuild cost covered by my policy, regardless of their square footage estimates. I questioned the huge jump in the rebuild cost estimates they provided, which didn’t reflect the actual condition or features of my home.
This exchange has been quite time-consuming and disappointing, given the reputation of Tricky Dick. It’s crucial to assert your rights and ensure you’re not overpaying or getting less coverage than you’re entitled to. If your home insurance company tries to overcharge you based on incorrect property details, it’s important to challenge them and insist on accuracy and fairness in your policy’s terms.
