Can I get a refund after being sold the wrong kind of insurance?

I am a condo owner. Over a year ago, I took out a policy for my personal belongings and the insurer sold me renters insurance. I just learned that this policy doesn't cover me because I own the condo! Is there any way I can get a refund in this situation?

Answer
“It is terrible that you were sold the wrong policy! Unfortunately, it is not likely that you would receive a refund for any premium paid to this point.
Renters insurance is typically much cheaper than a homeowners or condo policy, so you were probably paying significantly less than you would have for the appropriate coverage. Also, your personal property was probably covered while the physical structure was not, so there would have been some protection provided.
I suggest contacting your agent or insurer to make sure that you have the appropriate type of policy. Perhaps you should also look for a different agent or carrier going forward. “
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Shannon Martin
Answered on Apr 13, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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