Monday, December 12, 2011

Can auto insurance companies talk to each other regarding financial information from previous policies?

I requested a quote for fleet car insurance from a new insurance company. They required information from my previous carrier. They came back and said they would not issue me insurance because my previous insurer informed them that I still owed them money. Is this information that they are allowed to discuss?|||Yes. Once you give them the completed application, there's small print at the bottom of it, where you sign off permission for them to investigate pretty much any way they want. Additionally, on the "loss runs" that EVERY carrier requests, there's still space for earned premium.





Lastly, in some states, it's flat out required - it's a question on the application - "do you owe any carrier any outstanding premiums?" and they CAN report it. That's so you can't jump from carrier to carrier screwing each one of them for their premiums.|||yes. and they do it.

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