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Well since we are talking about how insurance companies suck...I have one. In our old house when we bought we got insurance with a company through a broker. Our insurance payment was ties up into our loan payment and was to be paid out of escrow by the mortgage company. After one year was up I received a letter from the broker stating that our insurance had been cancelled due to Non-Payment. WHAT??? I made some calls and found that my mortgage company did make the payment. I called the broker and she called the insurance company only to find that they did receive the payment but it was late. I appears that they set a deadline of 1 month before the end of the policy to pay the next year or it is dropped. My mortgage company paid it so it arrived 1 week before the end of my policy. We then tried to have them rewrite a policy but they wouldn't because our house had been uninsured "any period of time" I was able to find other insurance but it cost be about $300 more a year. Needless to say with our new house I make the payments to the insurance company, Not the mortgage company.
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