Switched Insurer, they jacked up premium after inspection

[Ryan Moore]

I changed my MF's insurance to another company, who quoted a better premium than what my previous insurer was going to be at.  Now after inspection, they raised the premium almost 25%.  The only notes I see on the property inspection are that the inspector changed the property details from masonry to frame, and 1 story to 2 story.   

Now I never would have told the broker that my property was masonry or only 1 story, so it looks like he put in the wrong data when preparing his quotes.

Can I change insurers again after changing ~2 months ago?  I would assume so but I've never changed so frequently before.  Any problems with doing that?

[John Mocker]

Ryan,

My first caution is to not let the policy cancel.  Most applications will ask if the prior policy cancelled and many companies will charge more if there is a lapse in coverage.   Two things are probably factoring into the increase:

1. Frame homes have a higher fire rate than Brick ones

2. The change to a 2 story may make the rebuilding (Replacement cost) higher causing the limits to be higher on the policy

Although it may be an honest mistake, for your own piece of mind you may want to go back to your prior agent or shop the policy around to multiple agents.