SIR FAYO

Review of GAINSCO

My policy changed from 300 a month to 1400 a month...

My policy changed from 300 a month to 1400 a month. Due to this I requested cancellation from my purchasing agent. We ended the conversation with the impression that I cancelled and would find a better policy. However The company did not cancel and charged me the entire premium of 1400 on 7.18. I called in after being charged to request that they cancel and was advise that I needed to submit a form and would be charged 10% of the new premium of 1400 which I did not agree to. They justified it saying that they sent me a notice of my policy change. However I called to cancel so that is not valid. Furthermore I signed the paperwork based on the $300 premium not the $1400 premium. If I was to be charged it should be for the amount of the premium that I agreed to. I will be reporting this transaction to my bank and reporting it as fraudulent. However I want to prevent others from experiencing this.