Jose asked:
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?
Consolidating Debts
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?
Consolidating Debts
Tags: Auto Insurance Companies, Car Insurance, Company Information
2 responses to Can auto insurance companies talk to each other regarding financial information from previous policies?
Credit Report
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.
Can auto insurance companies talk to each other regarding financial information from previous policies?
Mortgage Finder
yes. and they do it.
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