Michigan Basic Property Insurance Association Complaint - Bad Faith-Michigan Basic Property Insurance Assoc.
DETROIT, MICHIGAN -- I have had the opportunity to have many rental properties in the State of Michigan. Mainly in the City of Detroit, in which this has truly become a high risk area, in which many insurance companies simply will not insure due to vacancies, high loss ratios from previous years, etc.
So, this leaves me with MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION. TRULY A BELIEVER IN COLLECTING PREMIUMS, AND DENYING CLAIMS. I HAVE READ MANY ARTICLES, ON THIS SITE FROM STATE FARM CUSTOMERS AS WELL. I have coverage with them on properties, at present-so I have concerns abouts them as well.
I AM MORE BAFFLED THAT THEIR ARE NOT ANY COMPLAINTS ON MBPIA, REGARDING THEIR CLAIM SERVICE AS WELL AS THEIR CUSTOMER SERVICE. IT IS TRUE THAT THEY ASK FOR ANY AND EVERYTHING TO DRAG OUT A CLAIM, WITH REPLICATING REQUESTS THROUGH DIFFERENT REQUIREMENTS. THE ADJSUTERS HAVE BEEN RUDE, THEY STATE ONE THING TO YOU AND DO ANOTHER. I CAN REMEMBER MANY YEARS AGO, ONE FEMALE CLAIMS ADJUSTER THAT WOULD SEND OUT HER OWN, CONTRACTORS BEFORE, YOU EVEN HAD THE OPPORTUNITY TO GET A LETTER IN THE MAIL ON THE CLAIM. OF COURSE THEY FINALLY CAUGHT UP WITH HER, AND SHE IS NO LONGER THEIR.
MY BIGGEST BEEF WITH INSURANCE COMPANIES, WITH ALL OF THE BAD FAITH THAT IS SHOWN TOWARDS AN INSURED AT A LOSS. THE LAWS IN THE STATE OF MICHIGAN, BENEFIT THE INSURANCE COMPANIES AND NOT THE INSURED. IF YOU HAVE HAD THE OPPORTUNITY TO HAVE PROPERTIES FREE AND CLEAR, BY THE TIME YOU ARE FINISH WITH A BATTLE WITH, THE INSURANCE COMPANY. YOU HAVE ACQUIRED A MORTGAGE, OR YOU SIMPLY PAY FOR THE LOSSES YOURSELF AND MOVE-ON. BETWEEN PAYING FOR PUBLIC ADJUSTERS AND LAWYERS, YOU ARE AT 55 CENTS ON THE DOLLAR, OF ANY RECOVERY.
I HAVE FOUND THAT THE CIRCUIT COURTS ARE NOT AS BUSY AS THEY USE TO BE, SO YOU CAN REALLY GET BEFORE A JURY, RELATIVELY QUICKLY, ONCE THE INSURANCE COMPANY, HAS EXHAUSTED ALL OF THE DENIAL TACTICS, THEY CAN PRESENT.