Articles Tagged with bad insurance

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.

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.

There is a perfectly logical tendency among Americans to cut back on their insurance coverage once they have paid off their cars.

It makes sense. Why continue to pay for total coverage when the overall value of the car is worth less than the cost of repairs?

But when you have your car paid off, and when you call your insurance company to cut your coverage back down to simple liability coverage, you should make sure that you still have Personal Injury Protection (PIP).

The American Association of Justice just released a list of the ten worst insurance companies, and Allstate made the top of the list.

In order to be rated, you have to wholeheartedly embrace a philosophy called “Deny, Delay and Defend,” which basically involves doing anything necessary to avoid paying claims.

Here is the list: