Home/car insurnace company sent me a dividend check

[spidey07]

"board of directors has authorized a dividend. your dividend check is attached."

Included is a check for 110 bucks. Not bad.

I guess all the years of taking my money and they give me a cracker makes them feel better.

 

[akshatp]

They made a mistake. It was suposed to be sent to me. I'll PM you my address.

 

[vi edit]

Hopefully they don't ask for it back.

3 months ago we got a check back from our insurance company for about $300. They said we overpaid our homeowners insurance. We called them up asked them why received this, and told them that we shouldn't be getting it. They swore up and down that it was correct.

Just a few days ago we get a letter from them...

"We calculated your premiums wrong and charged you a lot less that you should be. We need that $300 back.
Have a nice day!"

Dumbasses.

 

[ponyo]

Got one from State Farm about a month ago. If I'm not mistaken they send you one for each vehicle you have insured with them. They owe me 3 more.

 

[spidey07]

google FTW!

http://www.statefarm.com/about...ses/auto_dividends.asp

 

[mugs]

My insurance company sends me one every year.

 

[waggy]

yeap i get one every year.

 

[TallBill]

I get one from USAA every year.

 

[ultimatebob]

Hmm... How come I didn't get anything from my State Farm condo insurance?

 

[ponyo]

Originally posted by: ultimatebob
Hmm... How come I didn't get anything from my State Farm condo insurance?

Never received anything for State Farm homeowner insurance. Only autos.

 

[spidey07]

Originally posted by: ultimatebob
Hmm... How come I didn't get anything from my State Farm condo insurance?

I think it was the auto insurance that sent the dividend.

 

[upsciLLion]

Originally posted by: spidey07

Originally posted by: ultimatebob
Hmm... How come I didn't get anything from my State Farm condo insurance?

I think it was the auto insurance that sent the dividend.

Is it a mutual insurance company?

 

[Sasiki]

I get them every now and then from State Farm, too. It's typically only about 30 bucks or so though.

 

[IHateMyJob2004]

Probably a way for them to cook the books. They use the money as an interest free loan and write it off at the end of the year.

 

[dmcowen674]

Originally posted by: Sasiki
I get them every now and then from State Farm, too.

It's typically only about 30 bucks or so though.

Yep, my $30 and 10 cents check arrived too.

 

[Wuffsunie]

Damn, when I was with State Farm they never gave me anything!

Congrats. Usually it's the other way around.

 

[boomer6447]

Originally posted by: upsciLLion

Originally posted by: spidey07

Originally posted by: ultimatebob
Hmm... How come I didn't get anything from my State Farm condo insurance?

I think it was the auto insurance that sent the dividend.

Is it a mutual insurance company?

Ding! Ding! Ding!

We have a winner!! Yes, State Farm is a mutual company.

 

[Injury]

Originally posted by: vi_edit
Hopefully they don't ask for it back.

3 months ago we got a check back from our insurance company for about $300. They said we overpaid our homeowners insurance. We called them up asked them why received this, and told them that we shouldn't be getting it. They swore up and down that it was correct.

Just a few days ago we get a letter from them...

"We calculated your premiums wrong and charged you a lot less that you should be. We need that $300 back.
Have a nice day!"

Dumbasses.

If this is the case, I'd be banking any checks I get from them and earning intrest on it until they ask for it back... make a few bucks (literally ) for my time.

 

[PokerGuy]

Originally posted by: upsciLLion

Originally posted by: spidey07

Originally posted by: ultimatebob
Hmm... How come I didn't get anything from my State Farm condo insurance?

I think it was the auto insurance that sent the dividend.

Is it a mutual insurance company?

Exactly. Are none of you (other than upsciLLion) familiar with the concept of a mutual company?? A mutual company is a company where the profits are shared with the policy holders, prorated based on the amount of business the policy holder does with the company. So, if the company makes a profit, as a policy holder you get a little piece of that profit.

 

[Compton]

I've had state farm auto insurance for 10 years now and I don't ever remember getting a check from them.