Insurance Thieves...

[klott]

How long are we going to let the insurance companies screw us and steal our money? I had my wifes car insured with Allen Insurance Group when it broke down in September. I called in after it had broken down to make the last payment on the 6 month policy, they told me I would have to go ahead and pay 1/3 for the next 6 months worth. I did not have enough to do so, so we agreed to wait until I got the car fixed. I just finished fixing it so I called in to get it reinstated and they told me it would cost more than double because it was uninsured for over thirty days. They said it did not matter why that's just the way it is. It is not fair, any company I call says the same thing, they are all a bunch of theives. The politicians make it mandatory to have insurance so they can do anything they want to. That's the reason for enacting laws to make HI's licensed, then make it mandatory to have E&O. I am tired of it, from now on my prices are going to based on ones occupation, if they are in the insurance industry or politicians, I am going to make them pay. They are nothing but licensed crooks.Where the He!! is this freedom I keep hearing about?

[Larry D. Kage]

In our state if the car is not driven, and the owner has another car at their disposal to drive, then the "no insurance for 30 days" does not apply.

My daughter was in that spot and I needed to say that she had use of my vehicle and tell them my insurance info and then they did not upcharge her to get insurance.

[klott]

That is the way it should be, my wife has been using my truck to get to work and I have been riding my motorcycle. But AIG said it did not matter.

[Mario A. Kyriacou, CHI]

Ken

I empathize brother!!

When I had my Harley I had to pay insurance for the entire year. It used to be you could buy insurance for 3 or 6 month period now it's 12 months mandatory coverage. I live in Toronto the riding season is at best 6 months.

[klott]

I just called AIG back Larry, and they said you are not telling the truth. I did not tell them your name, just the situation. Like I said, they are crooked.

[klott]

It is time for us to do something about it, it is organized crime, talk about price fixing! It should be on the person, not the vehicle, I can't drive more than 1 at a time. If it was not a mandatory law, then they would have to compete just like all of the other business's out there, and the treatment would be much better. If you file a claim, they will make you pay more. As your car gets older, do your payments go down? NO! Just look at what happened with Katrina, thousands of people are having to fight them right now or look at 911, they got the government to bail them out. They make us pay them with the law, but the law will not help us when they rip us off. WHY? Becuse just about every politician owns stock in the insurance companies. Back in the early eighty's there was a T.V. program about Senator's and Congressmens incomes, there were only two who were not millionaires and they were the only two who did not own stocks in the insurance industry, what does that tell you about why they can do as they wish. Dam the TEA, we need to throw the politicians in the harbor! If they make E&O mandatory in GA., I'm going to quit this business, I am tired of it, I really am.

[Larry D. Kage]

Originally Posted by klott

I just called AIG back Larry, and they said you are not telling the truth. I did not tell them your name, just the situation. Like I said, they are crooked.

Actually, it happened just like I said. Nontheless, I feel your irritation and would be looking for another insurance company if I were you. I believe there will be a special place in h3ll for those types.

[Michael Larson]

I shop my insurance needs every 2 to 3 years just to keep them honest.
I have changed back and forth more than once.
Loyalty is nice but sometimes insurance companies have a bad year and raise the rates the next while another had a good year and didn't raise rates as much. It pays to shop around.
Just make sure you are comparing apples with apples.
BTW-I have had some companies that will write 6 month policies and some that wouldn't. You just have to ask.

[klott]

I'm too mad to make any decisions right now, but thanks for the suggestions.

[Blaine Wiley]

We are not allowed to keep the tags on our vehicles if they are not insured, and are not allowed to keep the vehicle in public view if they don't have tags, running or not.

[Ben L. Garrison]

It will be interesting to see how the insurance companies react to all the homes which have perished in the SoCal fires.

[Michael Larson]

Ben,

An insurance question for you concerning CA fires.

Up here in WI and MN we have a situation that when the deer car accident rates go up too high the insurance companies pressure the state DNR to reduce he herd which we hunters are only to happy to help out with. It lowers claims for the auto insurance Cos and rates for the consumer.

??Why don't the insurance companies in CA pressure the state to clear the underbrush to a managable level so that these annual fires are not so destructive??

I read today that there is 10 - 100 times the amount of acceptable undergrowth that has been allowed to remain because of other pressure groups desire to leave it alone and are against the use of controlled burns to reduce the danger.

[William J. Decker]

Not to slam, just educate. My wife used to be an actuary and knows how insurance works, and it ain't like most people think it does.

1) Insurance is a contract between you and the insurance company. It doesn't matter what people think is fair or necessary, the contract spells out what the company has to do and what you have to do.

2) States mandate the things that insurance companies must cover and how they must cover it. You can buy different levels or coverage, but all the reauirements are dictated by state law, and is pretty different in every state.

3) I assume you are referring to auto insurance. Auto insurance rates are set by a) Actualrial mathematics, based upon risk statistics and b) the history of the insured. If you have had accidents, you will pay higher premiums. If you live in an area with high car theft and vandalism statistics, you will pay more. If you drive a car that gets stolen alot, you will pay more.

4) If you have no history (i.e., were uninsured for a time) you will pay more because you have no claims history with the company. I know you are saying, "but they have all my history. I was only off for a month.". Well, that ie because the state has passed laws which restrict and change what the insurance company cal and can't use for history.

5) As we all know, when the government gets involved, they start trying to legislate the value of pi. Actuarial science is exact and works (otherwise, insurance companies would go out of business), but you know that the government just can't leave well enough alone with science and has to pass laws to make things "more fair".

Hey, I didn't make the world the way it is, nor do I particularly like the way it is. I just have to live here.

[Richard L. Bennett]

And who do you think is keeping the fires burning??

If the gov would clear the underbrush they would use fire and charge us for doing it

Got to look at it another way - house burns - builders have to build a new one and the insurance goes up

I love the system

rlb

[David P. Valley]

Originally Posted by bgarrison

It will be interesting to see how the insurance companies react to all the homes which have perished in the SoCal fires.

Funny. I had the same thought yesterday.

Insurance companies will be closing their doors over this devastation or involved in lawsuits with homeowners for non-payment...Guaranteed.