State Farm Insurance Complaint - State Farm - Raise Rates After A Claim Is Made
KANSAS CITY, MISSOURI -- I have been a CUSTOMER of STATE FARM for 32 YEARS, having had multiple policies for home, boat, several autos, etc. In that time, WE HAVE NEVER MADE A CLAIM ON ANY POLICY UNTIL THIS YEAR WHEN WE HAD A BURGALRY OF OUR HOME! Our claim was processed and paid - and then IMMEDIATELY following we received an INCREASE OF 25% in our homeowner's insurance premium. IT IS FRAUDULENT to allow the consumer to believe they are paying to be insured when in reality the company intends to get its money back from the customer should State Farm EVER have to pay money out on a claim.
THE IDEA OF INSURANCE IS TO SHARE THE RISK OF LOSSES OCCURRING - STATE FARM TRANSFERS ALL RISK TO THE CONSUMER!