I have been shopping for Home Owners Insurance, I am being told that it takes up three weeks from the time the policy is paid in full til the actual coverage and issuance date is in effect. This makes no sense to me, usual course of binding an insurance policy is: Bind coverage say on the 1st, pay per terms ie deposit, monthly,or in full etc, however coverage begins on the date that the policy was bound.
Has anyone experienced this here before, and if one processes a claim do they pay, or am I waisting my money??? Any thoughts or comments would be greatly appreciated....I am covering dwelling, contents and general liability coverages...Mapfre had best coverages and premiums...
Has anyone experienced this here before, and if one processes a claim do they pay, or am I waisting my money??? Any thoughts or comments would be greatly appreciated....I am covering dwelling, contents and general liability coverages...Mapfre had best coverages and premiums...