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This is exactly the reason why we, the American People, want to SELECT OUR OWN CANDIDATES, NOT CORPORATES' CANDIDATES!
Capitalism isn't working and will NEVER WORK, because of CORPORATE GREED!
Enough is enough! It's time for change, and that time is NOW! NOT LATER, BUT RIGHT NOW!!!
Sounds like people are upset that they can't commit fraud. Who's slimy now??
I sick of paying for these people!!
WACO3 is right. Call your agent and get a quote (i.e. an estimate) of how much your premium will change before you purchase the vehicle. And if you will need full coverage try and have the VIN when you call. Even if only the insurance companies know if a vehicle has a symbol 8, 10 or 16; the agent will be able to enter the VIN into the computer and pull up an estimated premium increase with the deductibles you have chosen. Oh, and VIN stands for vehicle identification number. If you say VIN number you are saying vehicle indentification number number.
In reference to the Pottery Barn to Wal-Mart thing, if you cannot prove what you have, then you get what they are willing to give you. This is easy with car insurance, you can prove you had a 2012 Maserati, there are bills of sale, titles, registration, etc...
This is harder with homeowners insurance. If you say you had a Rolex, you need a receipt, a picture, documentation that you owned it. No one will have any problem in the event of homeowners claim if they have documentation for the things they are claiming. When you start a homeowners policy, you are advised to collect your receipts for your stuff, electronics, jewelry, purses, silverware, guns, whatever. If you have not done so, get a safe deposit box (tax deductible and secure) and not a fire box, the fire boxes may be rated up to a certain temperature, but paper is not, a fire box can survive a fire, but your papers can incinerate inside the box, with the box remaining intact. start an Excel spreadsheet and catalog anything you value, and take a picture(s) of of those items. make copies on an SD card or something, and keep one in the safe deposit box and another with a relative or someplace not in your home.
the information in this article is 5% fact and 95% anger resulting from the writer's own ignorance of insurance. Do your research, call your insurer, and they will be more than happy to explain their claims process and give you advice on how to document your things and all that.
in closing, the only people that think insurance companies are "whores" are the ones who tried to defraud them and got caught.
The information in this article is only about 25% correct. While things like ISO and Insurance scores are used, It is not the insurance company that makes up the rates. Its the state insurance department that tells the insurance companies what they are allowed to charge. They are the ones that approve what the rates are. All insurance companies have to pass any rates, policies and contracts thru the states insurance board for approval before they can charge their membership. Is it corporate America, sure. But to pin it all on the insurance companies is like saying you dislike a congressman, but you never voted. Just stupid. Grouping all insurance companies together is also unfair. While most are in it for themselves, and only looking out for themselves, there are still a few gems out there.
I have USAA, I'm not worried about it. Being a reciprocal company, there are no shareholders, or big biz guys behind the scenes. The membership owns the company. They might not always have the best rates, but they are fair, honest, ex military for their staff, and don't work on commission. Ask your agent the next time you look at your auto or home insurance how much he makes off of you a month, 6 months, yearly...
If your 5 year old roof or 5 year old car gets damaged, you do not get a brand new roof or car, you get indemnified, which means you are restored to your state prior to the loss occurring. So, a 5 year old car may get aftermarket or LKQ parts rather than new factory parts, and in the case of the roof, the policyholder will be responsible for a pro-rated portion of the new roof, because their roof was not brand new, it was 5 years old.
Policyholders can choose their deductibles, and their premiums differ based on the deductible they choose. a deductible is not forced on you by an insurer, and if it is, pick a different insurer
Insurers use credit history to assist in rating, just like lenders. If a person is irresponsible with their money, its a good indicator that they are irresponsible with their vehicle, and as such, will be charged a higher rate.
Attorneys have little to no effect on how a claim and settlement are handled. when you hire an attorney, you are paying them (in most cases 33% of your settlement) to negotiate your settlement for you. That is all. The length and type of treatment you receive dictates how long it takes to settle, and insurance company cannot settle with you in most cases until you have 1. completed treatment 2. they have received all of your bills and records 3. and your attorney gets around to putting a demand together, which in many cases...they take their time because most injury attorneys have hundreds if not thousands of similar cases pending and you are not special. an insurance company cannot do anything until the attorney submits a demand to them. Insurance companies would be acting in bad faith if they deliberately delayed settlement of a claim, something that they generally avoid and state governments sanction them severely in justified bad faith cases.
In regards to the forced-premium insurance, if you dont make your payment, suck it, you are ultimately responsible for what happens to you if you do not make your payment, regardless of your scenario. These things are in the lending contracts, so the consumer knows before they sign anything the consequences of not making good on their side of the contract. The lenders and insurers are bound by state and federal law to honor the terms of the contract, and by and large they do, it is very rare for a lender or insurance carrier to violate the terms of any contract, do the research.
By the way, you should be aware that one of the reasons our premiums are so high right now is the fed artificially holding down interest rates for 15 years.
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