Are insurance mailings promising to cut homeowners insurance a bait and switch?

Some insurance agents send out computer generated homeowners' policy quotes when your policy is up for renewal. The numbers are a farce.Every year around this time, I get mailings from insurance agents I don’t know. They all have a few things in common. Their letters include my home address and sometimes even a photo of my house .Every year when their annual insurance policy is about to expire, homeowners receive counteroffers that frequently are lower than what they are paying.

Once some of them realized I wasn’t calling for a quote but for journalistic purposes, they didn’t want to talk to me. A few were pleasant but unhelpful. One, fortunately, was especially candid, and I’ll get to him in a moment.But first I want to tell you how I organized this. I created a spreadsheet with price comparisons with my insurance costs. I looked for patterns.

However, all the agents stated in their flyers that they would come in at a much lower price than my existing premiums. Another agent teases me with a $2,530 premium. But his personal property coverage is only $303,000, compared to the $535,000 I currently have coverage for.The candid insurance agent in Spring, Texas, Luis Hernandez, says he blankets the state with his flyers. His mailing to me listed the year, make and model number of all of our cars, too.“That’s just a sample quote,” Hernandez told me. “There’s no way for us to legally run a firm quote on anybody that didn’t request a quote.

Source: Insurance Report (insurancereport.net)

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