My insurance company left my state and another company “bought their book of business”. My insurance went up by 50%. Switched companies and dropped my rates to near last year’s rates but that was mind-blowing to me.
My favorite part is that after the quote they said “it’s required for you to fill out this physical paperwork to complete the process.” I didn’t, because it was getting insurance elsewhere… and they still billed me. I had to call and cancel. Their support didn’t understand why I was upset. She just kept telling me they “bought the book of business” whatever the fuck that means.