Does anybody have Dairyland Cycle Insurance? If you do, I need a favor to ask. Can you look at your policy paperwork and see if there is anything written that if you cancel your policy they keep a fee of $96.
I can't find my papers, have no clue what happened to them.
The reason I ask, is because I got a year of coverage, and paid in full. I then called back about 2 hours later to cancel (my current ins. gave me an offer I could not refuse), they said I had to cancel in writing, which I did so my actual dates I had insurance with them was 5-7 to 5-17. I got a refund check today minus $96 so naturally I called them because that is too much for a 10 day pro-rate on a year term. The agent informed me that it says on my paperwork that they have a right to charge up to $96 if you cancel before the term is up. So, I just want to double check on it before I take her word.
I'd like to see them keep $96 with my liability only... I believe I pay $63/y, so they could take it and shove it in that case I have no idea where my policy is...maybe give my agent a call? Insurance Lady Inc. > Home
I paid $292 for full coverage for the entire year, they cut me a check for $196. Thats 1/3 of my policy they kept for 10 days coverage...it just sounds like BS to me. I have never had any problem with Geico, Progressive or Horace Mann Insurance, they had always refunded me properly without any fees, they just pro-rated the amount.
I was discussing how dumb this was with a riding friend and he said that when he had Allstate, they treated his bike like a toy (boat, atv, etc) and their policy was to keep 3 months as a fee if you canceled.
Maybe this is a typical business practice...pretty crappy, but still.
I had both allstate and progressive. When speaking with each of them I came to the conclusion that is their way of attempting to stop Riders from cancelling coverage during winter months or at least offset the cost for those that do.