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#5043 of 5324 Bill from safeco after canceling insurance.
May 29, 2012 (9:08 am)
Recently I switched my insurance from Safeco to Geico. My Safeco insurance ended on 04/11/2012. I took Geico insurance to start from 04/12/2012. Requested my agent to cancel Safeco insurance starting from 04/12/2012 and clearly indicated that, I do not want to renew my insurance. Safeco cancelled my insurance on 04/12/2012 12:01 AM and sent me a $13 bill.
Not sure why did they cancel on 12:01AM instead of 12AM and sent me a $13 bill for 1 second? Is there something i am missing here?
#5044 of 5324 Re: Bill from safeco after canceling insurance. [rustum]
by Mr_Shiftright HOST
May 29, 2012 (9:46 am)
Sounds like some mindless computer screw-up. I'd just call them up and have them wipe it off. That's some expensive insurance you had there...$13 a second...LOL!
#5045 of 5324 Re: Bill from safeco after canceling insurance. [Mr_Shiftright]
by steve_ HOST
May 29, 2012 (10:00 am)
Horace Mann tried to pull something like that with me long ago when I switched companies. I contacted the state insurance commissioner and they changed their tune fast.
#5046 of 5324 Re: Bill from safeco after canceling insurance. [rustum]
May 29, 2012 (11:51 am)
Minimum Premium of $3 for one day of coverage plus a policy fee of $10 =$13.
#5047 of 5324 Re: Bill from safeco after canceling insurance. [euphonium]
May 30, 2012 (9:09 am)
Thanks to Mr_Shiftright, Steve and euphonium for helpful replies.
I will check with Agent one more time. My agent wants me to send a copy of new insurance starting with 04/11/2012 instead of 04/12/2012 . Not sure why?
Looks like Geico insurance starts from 04/12/2012 12:01AM instead of 12:00AM. I will try contacting Safeco and Geico one more time before contacting insurance inspector.
#5048 of 5324 Re: Bill from safeco after canceling insurance. [rustum]
May 30, 2012 (9:57 am)
No coverage gap when the replacement policy begins same time as the original policy's expiration date. If there is a loan involved, the loss payee clause may state that their interest shall continue until a replacement policy or Binder arrives.
#5049 of 5324 Re: Bill from safeco after canceling insurance. [rustum]
May 31, 2012 (7:00 pm)
My understanding is that 12:01AM is the start/end time for a policy ... avoids confusion regarding whether 12:00AM is prior or next day. If your Safeco ins. renewed on 4/11 (which it did if you requested insurance through 4/12 and expiration was 4/11) and Geico started on 4/12 then you paid 13.00 for one day of insurance, not one minute.
You should have requested, and your agent should have advised you, to start the Geico policy immediately upon expiration of your Safeco policy and advised Safeco that you wished to non-renew. This all would have happened on 4/11 at 12:01AM and you would not have incurred the 13.00 charges. I'm surprised that your agent would let that happen ... then again, not really.
#5050 of 5324 Re: Bill from safeco after canceling insurance. [lilyowen]
Jun 02, 2012 (7:04 am)
And in the grand scheme of things - it's only $13!!
Skip coffee for 4 days and it'll even up.