- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
coast2cos
| Favorite team: | |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 5 |
| Registered on: | 6/27/2022 |
| Online Status: | Not Online |
Recent Posts
Message
Who is going under in FL and LA? Dover Bay?
1
Great point. But yes, Citizen's is paid by the State of LA, so if the State of LA went bankrupt, then I assume your claim would not get paid. However, Dover Bay is a small company with a good rating, but a negative outlook. If I switch to Citizen's I would ask the Louisiana Dept of Insurance for written assurance that my claim would get paid if the state went under. (not that I have any other options except for Chubb).
Thank you so much for posting this. Since you are an agent, could you possibly post some written documentation that supports this. I have spent about 6 hours today calling different agents around the country trying to get something is writing and I am failing. I have started the underwriting of the policy for Dover Ban because my old Southern Fidelity Policy (insolvent) expires on June 30th (not July 15th) and because there may be 2 storms in the gulf later this week. However, if I do not receive written proof from State Farm that they back Dover Bay, I will likely switch to Citizens in a month or so.
re: Dover Bay Insurance - Any experience?
Posted by coast2cos on 6/27/22 at 3:30 pm to Chad504boy
I totally agree. Need to get it in writing. Just called my agent again and she verbally guaranteed that all Dover Bay Claims are backed by State Farm in cases of insolvency. I asked for it in writing and am waiting for a call back from the head agent. The problem is that the only other policies I can find are Citizens and Chubb. Chubb is Very expensive and has a very high deductible ( I believe $18,0000) with a premium of about $14,0000 annually. So, if anyone can find written proof and post it online that State Farm backs Dover Bay policies in case of insolvency, I would love to see it. Thanks
re: Dover Bay Insurance - Any experience?
Posted by coast2cos on 6/27/22 at 2:05 pm to Chad504boy
It's a good question. Dover Bay is a Wholly Owned Subsidiary of State Farm Insurance Company. My State Farm Rep in Metairie says that if Dover Bay goes insolvent, then State Farm will step in and pay the claim. However, when I asked for that in writing they would not give it. I called 2 other State Farm agents and the Louisiana Department of Insurance. They verbally said they thought that State Farm would step in and pay if Dover Bay went insolvent, but noone had written proof. Does anyone have a Dover Bay Policy that says State Farm Will Back them up?
Popular
37
