USAA cancel for BK...Any Updates?

[chad9162]

So I've read that USAA cancels insurance after you file bk against them. Anyone have experience with this. I'm in CA

[helpless]

I have had USAA for over 25 years. Had both my car and home loan with them. We filed a 13 and never had any problems with them. They have renew our insurance every month and our rates have even gone down.

[chad9162]

Hmmm are you in CA

[mynameainttracy]

We had a lot of cc debt with USAA and left USAA insurance on the advice of our attorney. Last month my husband called them to discuss coming back. They told him that if we had left it alone they would not have dropped us, however now that we are gone we have to wait 7 years from date of filing before they will let us come back. It was a risk at the time that we had to take. We are now with State Farm. No problems with them, they just are not as easy to deal with as USAA was.

[OhioFiler]

Can any insurance company drop a customer simply on the basis of having filed bankruptcy?

[chad9162]

I believe in some states they can....

[Floridagail]

I know of someone who filed chptr 7 and later bought homeowner insurance. A few weeks later they dropped them due to bankruptcy.

[junker]

florida insurance co.s. DO look at credit before issuing policys, my homeowner policy doubled because of bad credit

[jeb]

florida insurance co.s. DO look at credit before issuing policys, my homeowner policy doubled because of bad credit

I think I would pay it for about 6 months then get one of those attorneys that take cases on option and go after them - maybe a class action. (CP&S of Boston Legal comes to mind. - jb

[Logan]

Can any insurance company drop a customer simply on the basis of having filed bankruptcy?

USAA sent me a letter saying they do not do business to anyone who brings them harm or something like that. They said my Auto Insurance would not be renewed after the 6 month contract. I called them right then and canceled since I don't need USAA.

Logan

[epiphany]

Depends on the state. I filed on their bank, am in CA, and have had no problem.

ep

[Logan]

Depends on the state. I filed on their bank, am in CA, and have had no problem.

ep

FYI...I discharged in Sept 07 and they canceled my insurance in March of '08. It took a little while so don't be surprised if you get a letter.

Logan

[chad9162]

Logan are you in CA

[chad9162]

Maybe I should cancel and collect on the Subscribers Savings Account before they just take it....

[lrprn]

We had USAA auto insurance on our cars and USAA life insurance when we filed Ch 13 almost three years ago. We also had a USAA Mastercard with charges over $8K, but USAA did not file a claim and did not sell our MC debt to third party collectors either.

We were ready for the worst, but when my husband (on the advice of our lawyer) talked with USAA about a week before we filed, they told him that they would not cancel us or raise our premiums as long as we paid on time and continued to do so after we filed. Now after nearly three years, our auto premiums have not increased since we filed and we've been renewed for our life insurance with no questions asked every year.

I think if they we going to, USAA would have tossed us under the bus long before now.