Talk to me about Insurance: Auto, Home, personal liability

[RootSkier]

I do this shit a lot and I agree with neufox 100%.

Also, in some jurisdictions, if you have to sue an insurance company to get coverage you get attorney fees as a matter of right.

(Not legal advice etc.)

[yeahman]

a yappy dog who hates being alone.

Dogs can be trained if they have decent owners.

[Core Shot]

Everyone has an insurance index.

Small claims are best self insuring. The limit depends on your wealth. Pay what you can. Lots of small claims are a flag.

When big shit happens there’s not much you can do.

Got a new kitchen 8 years ago from an icemaker leak.

Last week had to dig up my driveway for a new water line. Thinking of a claim. I could pay for the line. But the new driveway is going to suck.

Had a work comp shitbag douche employee. The guy I hired to challenge his claim said his index was four pages long and the kid was only 24 years old!

[Bobcat Sig]

Like anything, good and bad brokers. G Gordon is one of the good ones.

Insurance companies...if they were not scammy, those brokers wouldn't have jobs.

I'm sure he's a great rep and broker. It's the underwriters, actuaries, and adjusters - all of which operate at the behest of the insurer - that love to deny claims and keep the insured from their money.

[evdog]

I've read a few accounts lately of people calling in to their insurance co to discuss whether making a claim is worthwhile, ultimately deciding not to file a claim, but insurance co who is now aware treats it as if a claim was made. Apparently it is policy of some companies to do this, and it has consequences to insurance rates and possibility of getting dropped. Anyone experienced that? Seems like a douchebag move.

I had a dual sport moto stolen a few months ago. Didn't have comprehensive coverage so I couldn't claim it. But did have to cancel the basic coverage I had in it. So insurance co knows it was stolen. Would suck to have rates go up because of that.

[Bobcat Sig]

I've read a few accounts lately of people calling in to their insurance co to discuss whether making a claim is worthwhile, ultimately deciding not to file a claim, but insurance co who is now aware treats it as if a claim was made. Apparently it is policy of some companies to do this, and it has consequences to insurance rates and possibility of getting dropped. Anyone experienced that? Seems like a douchebag move.

I had a dual sport moto stolen a few months ago. Didn't have comprehensive coverage so I couldn't claim it. But did have to cancel the basic coverage I had in it. So insurance co knows it was stolen. Would suck to have rates go up because of that.

Yes, I've heard of this and it had it happened to me. Fortunately, I was able to talk to the call center agent off the edge and the claim was not submitted. If I'm going to have a conversation about submitting a claim, I'll usually talk to my agent. They are incented to keep you on the policy so they will typically shoot you straight and in some cases, advocate on your behalf. At the end of the day, an insurance agent is really a salesperson for policies. My agent, until recently, was great in this regard.

[Core Shot]

Zero dollar claims will show up. But shouldn’t end your insurability.


If a worker cuts his hand and need stitches. Goes to the clinic. We report the claim in case it gets worse. But the $700 bill gets paid directly. The insurance claim is zero.

Advice I got from a work comp expert.

I can’t imagine the same thing wouldn’t work for homeowners. Yeah they see the claim. But they also see the dollar amount. Zero.

[frorider]

https://www.miamiherald.com/news/pol...300505879.html

I am shocked to learn insurance companies in Florida found ways around the profit limitations.

[dan_pdx]

Backed into my BIL's car six years ago (he randomly parked behind the garage instead of to the side and our dog was blocking the out the back). There was a door ding that we paid cash for at the body shop without involving insurance. Just shopped around for car insurance yesterday and somehow they pulled that up and used it as a factor to bump our quote. Crazy.

[bodywhomper]

That’s fucked.

I bumped a snowbank a few years ago and bent up a front bumper (no airbag deployment). Had adjuster come out went to body shop, got quotes, adjuster was considering totaling the vehicle, ended up cancelling the claim, and got body shop to do a partial fix out of pocket. The adjuster and body shop told me that none of this would show up on our records or affect our insurance. So far so good.


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[neufox47]

https://www.miamiherald.com/news/pol...300505879.html

I am shocked to learn insurance companies in Florida found ways around the profit limitations.

Florida is both the worst state to handle claims in (approx 98% of ALL US insurance lawsuits are in FL) and shockingly permissive to the corporate structure and allowing carriers to siphon profits off. It’s like corrupt politicians have both been trying to please their voters with bombastic claims regulations and also trying to help their donors by allowing them to structurally rob their voters in a less obvious way.

[jackattack]

Currently shopping for a bundle in Idaho. State Farm and Progressive came back with the most competitive quotes. Leaning towards SF for the local Agent but I’m agnostic really. Progressive zero dollar glass coverage is enticing option around here. I’ve never had to make a claim,knock on wood. Any experience with one or the other for a big claim?

[Cisco Kid]

Got sued for $3.5mil when the wife was 100% at fault in an accident. Jake at SF took it to a jury trial. Covid era zoom trial was entertaining. Lawyer didn't do his homework like I did and SF paid the $350k awarded. Rates never went up. Other than rates going up for everyone lately. I've been with SF for 60 years and having an agent has been a mostly good experience.

[old goat]

We've had no problems with SF over the last 40 years--generous payouts for legitimate claims, not canceled (yet) in fire country, no big hits on rates. The only trouble was with the last claim--we went around and around on a claim when my wife was hit by an uninsured driver, but eventually we were covered. Seemed more of a problem with inexperienced adjusters than with SF trying to dodge. We've had the same agent all this time although maybe too long--he must be in his 80s and told my wife we don't need flood insurance in Sacramento--the most at risk city in America. His office staff is good though.

[exsparky]

A guy from Venezuela Ran into one of my parked trucks.

He drove two houses down and ran into his house and locked the door.

My guy came out of his house and saw the Venezuelan guy run into his house and called the cops.

The cops show up and finally somebody else shows up to that guys house and the Venezuelan guy comes out of the basement and fakes a seizure so the Cops call an ambulance.

Turns out he has a warrant from crossing the border illegally and another in Denver but they have to take him to the hospital now.

Meanwhile the others in the house start working on fixing his car. The cops pull the fake plate of his car but don't tow it. He has no license or insurance.

He was driving the car the next day and moved out 2 days later.

My truck took 2 months to fix and cost me $5k to fix.

The court later let him go with a $350 fine and 9 days served for anothe thing. $180 for my thing and $170 for another crime.

Resisting arresting, causing an accident, fleeing a scene, wreck less driving, fake plates, no insurance, all were dropped, he got a ticket for no license.

Colorado has 15% uninsured motorists and 9th in the nation.

Its illegal to drive without insurance in the state, yet this continues.

Its a fucking scam.

[Suzy Chapstick]

That’s why you should have Uninsured/Underinsured motorist coverage on your vehicles. Let your insurance company pay you and deal with pursuing that scumbags.

[exsparky]

Its illegal to drive around without insurance so you should not need it. But then again they do not punish criminals so I should just not have insurence.

[Conundrum]

Apparently nobody is stopping you from not having insurance. Giver a go.

[Peruvian]

When you got nothing, you got nothing to lose.

Insurance is for folks with something to lose.

[El Chupacabra]

Its illegal to drive around without insurance so you should not need it. But then again they do not punish criminals so I should just not have insurence.

Let's assume a fully legally compliant person causes an accident injuring you and damaging your vehicle, and they have insurance, but it's only the minimum amount required by law in your state. Let's say that minimum is $25K. And let's say your injuries are serious and your $50K vehicle is totaled. The insurance company for the person who caused the accident accepts liability, and pays you $25K. That other driver is an 18 year old with no assets against which you could seek any recovery.

In that situation, how do you feel about declining to purchase uninsured /underinsured insurance coverage for yourself?

[neufox47]

CA minimums are $15k property, $30k injuries per individual and $60k per accident. Which is wayyy too low.


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[jackattack]

When you got nothing, you got nothing to lose.

Insurance is for folks with something to lose.

This is the point of the thread.

A fellow dentist’s daughter rear ended a middle aged white lady. Kid goes to college and moves out on her own. Well a few years later they got served and ended up declaring bankruptcy. A lot of stupid shit happened on both sides but in the end they had to start over with their kids off to college.

Fuckin white people and their lawyers man. CYA

[old goat]

There comes a point in every car's life when it no longer makes sense to carry collision coverage. Such was the case with my kid's first gen 4 runner. However, he was clipped by a Budget employee turning right into the Budget lot from the center lane in a Budget truck. Their insurance totaled the 4Runner, gave us 2K, and let us keep the very driveable vehicle. Sometimes life gives you lemonade.

[Peruvian]

This is the point of the thread.

A fellow dentist’s daughter rear ended a middle aged white lady. Kid goes to college and moves out on her own. Well a few years later they got served and ended up declaring bankruptcy. A lot of stupid shit happened on both sides but in the end they had to start over with their kids off to college.

Fuckin white people and their lawyers man. CYA

Something in this story is missing. If they had an auto policy in place when the accident took place, it would provide coverage regardless if the driver went off the college. The insurer would be obligated to provide a defense attorney for the lawsuit as well.

Did the dentist not have an auto policy? FAFO in that case.

[Kevo]

Currently shopping for a bundle in Idaho. State Farm and Progressive came back with the most competitive quotes. Leaning towards SF for the local Agent but I’m agnostic really. Progressive zero dollar glass coverage is enticing option around here. I’ve never had to make a claim,knock on wood. Any experience with one or the other for a big claim?

Is there any benefit to having a local agent?