by Guest » Wed Feb 18, 2009 10:15 am
Well, this one really seems to be a good platform to discuss Insurance fraud. Though I've not come across a way to make sure that my car won't ever be stolen, I'd like to have feed backs regarding the prevention of car insurance frauds. Please also suggest what I should remember while buying a vehicle as also while picking up a repair service following a catastrophe.
Posted: Sat May 09, 2009 12:51 pm Post Subject:
Hi Horizon,
People will do anything to claim money from insurance company.
You mean they may even team up with the adjusters?
Posted: Sun May 10, 2009 04:24 am Post Subject:
You mean they may even team up with the adjusters?
yes, it's possible. I'm not saying that every insurance is filled up with corrupt employees. But there are such kind of people & it's not only about car insurance. Everybody knows that what kind of things can some people do to claim insurance money mainly for life insurance.
Posted: Mon Mar 11, 2013 07:40 pm Post Subject: uninsure property damage/uninsured boily injury
In layman terms, what exactly does this mean?
Posted: Tue Mar 12, 2013 01:20 pm Post Subject:
I think you are asking about Uninsured/Underinsured Motorist coverages for property (your vehicle -- "PD") and bodily injury (to the driver and occupants of your vehicle, and to you and your insured household members as pedestrians -- "BI"). If that's correct . . .
UMPD pays for damages to your insured vehicle caused by a driver with insufficient coverage to pay for the entire loss (including unknown hit-and-run drivers). In a state like CA, where the minimum PD liability is $5000, that will hardly cover the cost of a 5 mph bumper to bumper collision. If the at-fault party cannot cover the cost, your UMPD will, up to your own policy limit.
UMBI pays for injuries caused by another driver to you or other passengers in your auto. Again, using CA as the example, the minimum liability coverage in a standard policy is $15,000 per person/$30,000 per accident. So if there are three persons in your vehicle, and each has $15,000 in injury claims, a minimum liability policy won't cover the $45,000 total loss. But your UMBI coverage would pick up the difference, up to your policy limits. You normally cannot get more UMBI than you carry in your own Bodily Injury Liability coverage. (There is also coverage provided to you and family members residing in your household as additional insureds if involved in a collision as a pedestrian.)
It's unfortunate that we must carry UM coverages at all, but it's a fact of life that not all drivers are (a) insured or (b) if they are insured, that they are adequately insured. So I pay a few hundred dollars per year for the privilege of protecting myself, my wife, and anyone who occasionally rides in one of our two vehicles, from an otherwise irresponsible driver.
Posted: Thu Jun 26, 2014 09:53 am Post Subject:
Never trust on any agent who offers you any policy on phone or at your home. Always buy policy from a reputed company. Go to the company and talk to them by yourself.
Posted: Thu Jun 26, 2014 03:08 pm Post Subject:
Pure garbage post. Where are you a licensed agent? DeborahMay/DavidMay or whoever you are. Your posts are mostly junk.
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