Among those of you who have cars and purchase insurance policies, how many have ever been offered or recieved a copy of an automotive liability insurance policy BEFORE purchasing said policy?
How many have had ample opportunity to review the contract of insurance before entering the contract?
Full Version: wondering
I'm with Farmers, though over the years it has been many.
My experience has been that the quality of your insurance is directly proportional to the quality of your agent.
Not that the agent can effect the company policy, they can be aware and open and keep you informed about all your options, and when it comes to insurance, that really is the key.
Yes, I was able to read the entire policy before I signed it.
Though I admit, much of it is legal jello and about as easy to get through as the all the begats in the bible.
However, a good agent will not rip you off. He makes more money making you happy!
My experience has been that the quality of your insurance is directly proportional to the quality of your agent.
Not that the agent can effect the company policy, they can be aware and open and keep you informed about all your options, and when it comes to insurance, that really is the key.
Yes, I was able to read the entire policy before I signed it.
Though I admit, much of it is legal jello and about as easy to get through as the all the begats in the bible.
However, a good agent will not rip you off. He makes more money making you happy!
QUOTE(sky of mind @ Monday, 27 February 2006, 9:48 pm) [snapback]45296[/snapback]
Though I admit, much of it is legal jello and about as easy to get through as the all the begats in the bible.
Okay, now I'm even more intrigued.
Off the top of your head, what percentage of your contract with your insurer would you say that you fully understand beyond a reasonable doubt and needs no further explanation?
thanks.
QUOTE(rooby roo @ Monday, 27 February 2006, 7:10 pm) [snapback]45301[/snapback]
Okay, now I'm even more intrigued.
Off the top of your head, what percentage of your contract with your insurer would you say that you fully understand beyond a reasonable doubt and needs no further explanation?
thanks.
About as much as I do when I sign on the line for a credit card!
I'm not a good businessman, and I hate doing research,
and these people count on this from people like me.
I understand that I trust my agent.
I live in a small town, and he like me, grew up here.
How much did I actually completely understand?
Prolly most of it, even if I didn't actually read every single word.
Though, if I don't read every mumbo jumbo word,
I don't know if they are slipping something in on me.
I've got AAA, and I read the policy in its entirety before signing...in the presence of the agent. I asked questions, often twice the same but spaced apart, to see if I got the same answers. I have more trust in whores than insurance agents. At least a whore is selling me her ass. An insurance agent is selling me my own ass.
QUOTE(Gadzooks! @ Monday, 27 February 2006, 8:42 pm) [snapback]45309[/snapback]
I've got AAA, and I read the policy in its entirety before signing...in the presence of the agent. I asked questions, often twice the same but spaced apart, to see if I got the same answers. I have more trust in whores than insurance agents. At least a whore is selling me her ass. An insurance agent is selling me my own ass.
A very true story.
Most of us have insurance horror stories!
Insurance used to be illegal in America and it was considered a scam, until they paid some lobbies to get the law changed.
As a grown-up military dependent, I have USAA. I have never laid eyes on an 'agent'. It doesn't matter who answers the phone, we get great service. We've had 2 wrecks while covered with them, and all the settlement was smooth sailing, no problems. The papers they send me are clear and easy to understand. I've never been confronted with pages of 'legalese'. 
hey rooby.....wonder how many folks have seen a pre-repair estimate, and a final bill after the repair was done, or simply left it all up to their agent/adjuster, etc?
QUOTE(net addict @ Tuesday, 14 March 2006, 7:06 pm) [snapback]47624[/snapback]
hey rooby.....wonder how many folks have seen a pre-repair estimate, and a final bill after the repair was done, or simply left it all up to their agent/adjuster, etc?
Good point Addict.
The handshake between most shops and the insurance companies is quite interesting.
The same holds true with Hospitals and insurance companies!
Everybody gets charged the same, but insurance companies are given huge discounts.
If you don't have insurance, you get no discount!
QUOTE(rooby roo @ Monday, 27 February 2006, 9:41 pm) [snapback]45294[/snapback]
Among those of you who have cars and purchase insurance policies, how many have ever been offered or recieved a copy of an automotive liability insurance policy BEFORE purchasing said policy?
How many have had ample opportunity to review the contract of insurance before entering the contract?
I have, rooby.
Of course, I live in small town rural NH, too. I use a local company. I know the people who own the business. I don't sign a policy unless I've seen it in writing.
I also shop around every year or two to make sure I'm getting the best rates. (I think insurance companies are at the root of many evils).
So far, I've had good luck. Three years ago I hit a moose and totalled my car. Everything was handled very kindly, and quickly by my insurance company. They recommended a couple of places I could take the car to for body work, and after a couple of phone calls, I chose one. As it turned out, there was no fixing the car, the roof was mooshed in too badly.
About a month after I bought my new car, I was rear-ended.
I saw all the repair estimates, and the final bill. I'm not a trusting soul, apparently.
QUOTE
The handshake between most shops and the insurance companies is quite interesting.
The same holds true with Hospitals and insurance companies!
Everybody gets charged the same, but insurance companies are given huge discounts.
If you don't have insurance, you get no discount!
The same holds true with Hospitals and insurance companies!
Everybody gets charged the same, but insurance companies are given huge discounts.
If you don't have insurance, you get no discount!
unlike medical insurance, you are owed for the claim, no matter if you have the car repaired.
For instance, if you decline to have heart surgery, you do not get a check for the amount that the surgery would of cost!
In direct pay repair situations, the shop is giving concessions to the insurance company, subsidising the insurance companies profits! Now how do you think they might make up these concessions? No matter how much your trust the body shop, or your agent's referal, I strongly recommend a Post Repair Inspection, on all completed repairs.
Everyone has heard about Carfax, and how previously wrecked vehciles could be (and usually are)worth less money, you would hate to find out your vehcile is worth ALOT less at trade in, and in some states you can actually claim this gap in value through a claim for DIMINISHED VALUE! Either repair related or simply due to the fact it was in the wreck and is different then when the vehicle came from the factory! An item like a poor color match that you might not notice, could easily be detected by a sales manager of a new car lot...and also many states have disclosure laws, in which you must tell the truth about the vehicles histroy, resulting in less cash for your trade or that used car you are trying to sell!
Here is a great link for insruance consumers, ran by a retired insurance adjuster, very helpful info: http://www.ican2000.com/
speaking of insurance companies:
http://www.clarionledger.com/apps/pbcs.dll...2/NEWS/60322023
QUOTE
BAY ST. LOUIS — A couple that got conflicting reports from an engineering firm regarding how one of their homes was destroyed during Hurricane Katrina filed a lawsuit Wednesday accusing State Farm Insurance Co. of manipulating those reports to deny their claim.
The lawsuit, which comes as Mississippi’s attorney general says he’s investigating insurance companies for "fraudulent" handling of post-Katrina claims, is one of many spawned by a fierce debate over whether homes were destroyed by the Aug. 29 hurricane’s wind or water.
In this latest case, Terri and William Mullins have two conflicting reports done by the same engineering firm.
The first report, dated Oct. 23, found the couple’s two-story home in Kiln, a rural community near the Mississippi-Louisiana border, was destroyed by hurricane-force wind, damage their policy covered. On Jan. 3, however, the firm issued a second report that blamed the damage on the storm’s flood waters.
State Farm used the second report as the basis for denying the Mullins’ claim. Insurance companies say their homeowners’ policies do not cover damage from rising water, including wind-driven water, but policyholders argue that storm surge should not be considered flooding.
"State Farm's actions show that it believes that it should be able to pick and choose which proof it relies upon in evaluating the validity of a claim," the Mullins’ lawsuit states. "State Farm will only accept reports from engineering firms that support a denial of coverage."
The lawsuit, which comes as Mississippi’s attorney general says he’s investigating insurance companies for "fraudulent" handling of post-Katrina claims, is one of many spawned by a fierce debate over whether homes were destroyed by the Aug. 29 hurricane’s wind or water.
In this latest case, Terri and William Mullins have two conflicting reports done by the same engineering firm.
The first report, dated Oct. 23, found the couple’s two-story home in Kiln, a rural community near the Mississippi-Louisiana border, was destroyed by hurricane-force wind, damage their policy covered. On Jan. 3, however, the firm issued a second report that blamed the damage on the storm’s flood waters.
State Farm used the second report as the basis for denying the Mullins’ claim. Insurance companies say their homeowners’ policies do not cover damage from rising water, including wind-driven water, but policyholders argue that storm surge should not be considered flooding.
"State Farm's actions show that it believes that it should be able to pick and choose which proof it relies upon in evaluating the validity of a claim," the Mullins’ lawsuit states. "State Farm will only accept reports from engineering firms that support a denial of coverage."
http://www.clarionledger.com/apps/pbcs.dll...2/NEWS/60322023
Further proof why Insurance used to be illegal and needs to be again.
QUOTE(sky of mind @ Tuesday, 28 February 2006, 5:42 am) [snapback]45327[/snapback]
A very true story.
Most of us have insurance horror stories!
He didn't say "horror"
I go with Allstate, both home and car> never had a problem, even with claims.
What everyone should be aware of is that insurance is not the primary business of insurance companies. Insurance sales merely create a reliable capital base. In most states, auto insurance is mandatory, and in either case, and with any type of insurance, the house wins in the long run. They will never pay out more than they take in. What they do is invest your premiums, primarily in the capital market. They are not using that money to re-invest in America at any level. They are using the money for currency speculation, and for money to be worth more, everything it can buy has to be worth less. Your labor, what you produce, your time, your life, Y O U.
I hate insurance. Just the idea of it would have caused duels back in the day.
Think about it. They are basicly saying you are too untrustworhy to pay for any acident (care insurance) or they provide some false since of hope (house insurance).
Think about it. They are basicly saying you are too untrustworhy to pay for any acident (care insurance) or they provide some false since of hope (house insurance).
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