aja8888
Moderator Emeritus
Here in south Texas, we (my daughter) just received a quote for the homeowner's coverage on her $325,000 value home from the broker we worked with last year. They said her current coverage quote was going up significantly and they are offering less expensive coverage through:
SURECHOICE UNDERWRITERS
RECIPROCAL EXCHANGE
We have not gotten any policy to review, only a coverage sheet which lists 3% deductible for wind and hail and 1% for everything else.
We have requested a copy of the policy details to see the exclusions, etc.
What is a "reciprocal exchange" and is it safe to insure with them? Apparently, the two page document of the quote says they are state registered and legal.
Anyone insured with this kind of insurer?
SURECHOICE UNDERWRITERS
RECIPROCAL EXCHANGE
We have not gotten any policy to review, only a coverage sheet which lists 3% deductible for wind and hail and 1% for everything else.
We have requested a copy of the policy details to see the exclusions, etc.
What is a "reciprocal exchange" and is it safe to insure with them? Apparently, the two page document of the quote says they are state registered and legal.
Anyone insured with this kind of insurer?