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the biggest scam I have seen is the insurance company so far. Fighting 5 years over getting hit by a drunk driver while I sat at a stop sign. Wish I could have missed 5 years worth of payments while they sat on their hands.
The "Good neighbor" certainly wasn't good to me. Yes the accident was my fault (equipment failure), but I did have full coverage. They scammed me by low-balling the value of my car. Said they don't use Kelly Blue Book or any other source available to the public to value cars - just their own secret lists. Refused to even show me that these lists existed. They scoured the want ads until they finally found a car for sale that was the same model as mine - but two years older and with more than double the mileage. Then they claimed that the price that seller as asking was the actual value of my car. Ended up putting me under water on this car (which wasn't true before my accident).
Fine, they won that battle. But I not only took my business to another company but also all of my other insurance with it. So by cheating me out of about $5000 they lost years of premiums, plus I try to redirect everyone else I know from doing business with them too.
insurance is a joke!! I live in a concrete block house that was damaged in a rare Midwest earthquake
a few years back. The insurance company sent out a "claims adjuster" that assessed the damage at
$800.00 less than deductible ($11,100.00). Then the fun began. I was told that the damage had to be repaired within a year or I could face cancellation. My insurance rate went up because I had a $11,100.00 claim even though they didn't pay a penny! All of this because I thought I was covered. By the way my neighbor who did not have earthquake insurance got his damage repaired (foundation & wall) by the government! I guess I am the sucker here because I had insurance. Seems like they try to screw you on purpose.
I see a lot of outrage concerning insurance company practices and many people realize that insurance is a losing racket for the consumer.
However, I am confused as to why many of these same people support ObamaCare which gives more power to these guys.
You can argue it doesn't, but follow the money.
Duh! We already know there's insurance scams all over. Why dont you stop telling and start doing!!! You people are no better. Media keeps telling, but doing nothing to help. Just keeps scaring the general public that the world is going to hell but does nothing to help. Your on the front lines with the authorities, so do something usefull you fools!!!
The insurance companies also scam policy holders, one example would be using credit scores to determine your auto & homeowners insurance premium rates, this isn't fair due to people having their credit scores tank due to the economy, losing jobs, medical bills etc...
Replacement costs for homeowners insurance on your home is also a scam.
I live in a 2200 sq' starter home that I purchased in 2007 from the builder that was also my employer so I actually know that it cost my employer about $76,000 to build my house, excluding the cost of the lot.
The insurance companies that recently gave me a quote had replacement costs to rebuild my home between $225,000 & $250,000 and they are still building new homes in my community with the same finishes and square footage at a price of about $125,000 with the lot included in the price.
The insurance companies use these outrageous replacement cost calculators to bump up your premium and deductibles.
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You can give your car the care it needs without draining your bank account if you follow this advice.
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