Articles Posted in Insurance Practices, Claims and Coverage Issues

IS YOUR CAR A TICKET MAGNET?

According to Insurance.com, the car insurance comparison-shopping website, in the analysis of insurance claim and traffic violation data from 331 car models and more than 323,00 customers, the following is a list of vehicles that were ticketed most often, and also filed an above average count of insurance claims.  Last year’s car with the most tickets was the Subaru WRX.  It was driving by mostly 20 year old men, it fell to number 12 on this year’s list.

A survey of which car makes and models received the highest and lowest number of traffic tickets over the past two years found those behind the wheels of the Lexus ES 300, Nissan 350Z and Dodge Charger SE/SXT were ticketed most often, and also filing an above-average count of insurance claims.  From the list you can see that luxury cars received the lowest number of traffic tickets over the past two years.

Permissive Use of an Automobile.

Are you serious? What do you mean that the driver did not have permission from the owner to drive the car?

Permissive use is one of the most common ways that insurance companies deny a claim.

#1 Insurance company and body shop agree to repair price. Additional work needs to be done after repair begins (called a supplemental). Body shop contacts insurance company adjuster. Adjuster agrees that additional work needs to be done. Body shop completes work and contacts insurance adjuster for check for all the work performed. Adjuster, after agreeing to repairs, now decides NOT to pay for supplemental. Current status:

1. Car still in shop, repaired, but will not be released until payment is made.
2. Insurance company not paying for car.
3. Insurance company now cuts off rental.
4. Client has no car, no rental, and a bill for damages insurance company already agreed were necessary.

5. Client, who had no intention of calling a lawyer, now calls Lewis & Tompkins, P.C., D.C.’s car accident legal specialists, to fix this situation. Who needs to advertise when you have insurance adjusters making work for you?

Documenting the time you miss from work will increase the value of your case significantly. Missed time from work is compensable in itself (you get paid for the time you were off), but also is evidence of a more serious injury. If you were hurt but went to work, it appears (rightly or wrongly) that you were not as seriously injured as someone else may have been.

Check out our wage verification form for an idea as to the type of information that an adjuster (or ultimately, a jury if necessary) will need to see evidence of your wages:
The name and address of your employer
A brief description of your position
How much you make, and how you get paid (hourly, salary, commission, etc.)
The dates you missed from work
The date you went back to work

You will have to prove you have paid your taxes. Be prepared to show a pay stub showing your withholdings or a tax return if a case has to go to Court.

Metro suffered its worst safety breakdown today, killing six passengers so far, and leaving many more seriously hurt. According to preliminary news reports, one train struck another with such force, the trains were literally stacked up on each other.

Read More About WMATA collision worst in Metro History, many injured, six died…

As much as we like to talk about how bad credit can happen to anyone, the truth of it is that for the most part bad credit happens to people who are already poor.

If you stop for a second and think about all the ways in which poor people are taken advantage of, from everything to high interest rates to those scam payday loan places, you start to realize that the deck is truly stacked against those who arent making near six figures a year.

So it isnt much of a surprise that insurance companies raise their rates based not on the individuals driving record, but their credit history. This is perfectly absurd. A person could have a spotless driving record with no tickets or accidents, yet will still pay astronomical rates if he happens to have come into money troubles.

For those of you who are looking for realistic grading of insurance company performance, take a good look at how AM Best does business.

AM Best is an information provider that provides ratings and analysis about insurance companies, and the analysis is not based on just the profitability of the companies, but rather their ability and willingness to promptly and fully pay claims.

This seems to be one of the better was to hunt for a good insurance policy.

How important is profit making to Allstate? Important enough for Allstate to hire a consulting firm, McKinsey & Co, to re-design their policies, methods and claims procedures that set up a claims payment system that shortchanges injured victims in automobile claims while earning big profits. The McKinsey documents, about 12,500 pages, is the Allstate Bible on how to amass large profits at the expense of its own policyholders.

How important is it to Allstate to hide their bad faith claims practices? Important enough to pay $25,000 a day in contempt charges for refusing to provide these records under Court subpoena in Missouri. That fine is now over $ 3 million and growing.

That is why the Florida Insurance Commissioner Kevin McCarty has suspended the authority of Allstate to sell new auto insurance policies in the State of Florida. The sanction is due to the fact that Allstate is refusing to provide records to the Insurance Commissioner. McCarty stated, “If Allstate is willing to pay $25,000 per day in fines to a Missouri Court for its ongoing failure to provide similar documents, it’s obvious to me that it will take more than a monetary sanction to get them to comply with our subpoena.”

Under a newly enacted statute, insurance companies must act in “good faith” in dealing with property and casualty (car accident) claims. “Good faith” is “an informed judgment based on honesty and diligence supported by evidence the insured know or should have known at the time the insurer made a decision on a claim.”

Insurance Companies have a duty:

*To promptly investigate your claim

Most people when purchasing automobile insurance, are concerned only with saving money on their premiums. Most people are buying insurance merely because they have to get insurance to get their tag turn on their vehicle. Unfortunately, most people do not appreciate the important role that insurance has been protecting them and their an automobile accident.

Car accidents are exactly that, accidents. No one wants to be involved in a car accident.

Here are some coverages that most people cut in order to save money on their premiums. The most frequently cut coverages are: