Automatic Premium Increase
Today I noticed that the premiums on the life insurance policy that I have held for almost a decade will automatically increase from the current $1,302/year to $16,845/year next year! That's an insane increase! How does the company expect me to pay more than the money that I'll be getting from my social security??
Cancelled But Not Notified
The dealership where I got my used Dodge also sold me this policy. When my truck started to have mechanical issues, I took it to the nearest repair shop. The shop took my insurance information and called for pre-authorization on some diagnostics, they were told that the policy was voided! I spent the next day calling 1-800 numbers trying to get a hold of someone to find out what was going on. What have I been paying for??