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Topic Review (Newest First)
05-03-2006 12:51 PM
Beenaway2long I guess I need to jump in here to provide a reality check.

Short intro you have to weed through to give you some insight. My mom and dad had a small grocery store in the Adirondacks back in the late 50's early 60s'. Just before I was born. (1) gas pump, small store. Beer, bread, and cigarettes. That was about it. Early convenient store. (Think Appalachia Mountain poor) Dad would give all his drinking buddies credit. They would stiff him. Mom & Dad were poor also. Five kids (before me) and increasing debt as a result of extending credit. Needless to say, they went bust. They didn't file bankrupcy, but probably should have. They made arrangements witheveryone to repay the debt, out of their pocket. THEY MADE THE DEBT. Even though their people they gave credit to walked away on them. "Your out of business, I don't owe you"..

Dad passed on TWO lessons he learned.
1.) Never give credit, unless they DESERVE credit and can pay it back. (look up the word credit)
2.) Never do business with friends

Needless to say, when I was born a year after disolving the store. We didn't have anything growing up. They repaid the debt in full by 1972. Dad retired in 1981.

Sam, about mortgage rates... If YOU were lending your buddy's cash, WHO would you loan it to? The guy that pays you back all the time(Good rating) or the guy that stiffs you (poor rating) ?? We're not talking about $50 beans. I'm talking THOUSANDS of dollars. Remember, that the bank is there to MAKE money, not provide a charity service. The manager, or loan officer has to answer to the board, and the stockholders. WHY should they care about how anyone runs your finances? Its obvious they can not live within their means, if their continual credit history is poor. Key word here is continual. If they are always late, they should not go for the extravagances. No one NEEDS the internet. Nor NEEDS cable TV, nor NEEDS cigarettes, beer, and a whole host of other perks that are afforded to those who can afford them.

The insurance industry is the same. Its about managing calculated loss. Why should the people that can manage their assets pay extra to offset costs derived from people who don't. (Collections for stiffs) They are simply rewarding those who comply with the agreement with better rates, than those who do not. The costs of collection, late fees, legal, etc. can be staggering. Put the onis on thise who create the problem.
As far as costs based on professions, who is more likely to have problems? An office worker or a guy in the coal mines? That adds into the calculations as to what the outlay of cash for the company will be.

Who needs car insurance more? Bad drivers or good? Why should good drivers pay the debtload for bad drivers.
Its all the same thing.
05-02-2006 01:16 PM
BarryK [QUOTE=bullheimer]barry you got frikken lucky dude. when she wanted to leave you shoulda said have a nice day baby!
++++++++++++++++++++++++++++++++++++++++++++++++

You are right! I guess I was lucky to do something stupid with State Farms money instead of my own!

At the time I was pissed that I had to waste time in court but that was my first time and would not trade the education for anything.

I would urge any of the younger guys on here that have aspirations of starting their own business one day to take a day and just go set in a civil case. Its an education you will never forget.

I have been to court one other time since and that was because I was stupid enough to say, sure I will be a wittiness in two separate law suits.
NEVER, EVER again will I see anything or know anything.
05-02-2006 10:46 AM
bullheimer barry you got frikken lucky dude. when she wanted to leave you shoulda said have a nice day baby! if you have alot of old cars like me, allstate will let you insure them all with a specialty policy. you have to have regular ins with them for about 3 months first to get it. then, you can suspend driving coverage on all of them ( the coverage against vandalism and wind, etc when it is parked always stays in effect), and you can just call them anytime, day or night, leave a messege that you are going to drive it and want coverage for that day or weekend or week, and they will charge you only for those days. works out great for me except half the time i don't call and am driving w/o coverage, even tho i have POI in my glovebox for the cops.

more proof the poor pay more is home mortgages. the worse your credit rate (less abilty you have to pay back the loan) the higher your interest rate is (more you have to pay)
05-01-2006 06:59 PM
BarryK In 96 I had just bought a new Rover and was driving home, we were on an exit ramp stopped, the girl in front of me started to move so I moved and she slammed her brakes on so did I.
The brush guard hit her painted T-bird bumper but left no marks of any kind.
This fat B===h gets out and call me everything but a skinny white boy.

So now that I could get a word in edge wise she was going to leave and I said you can't we need a police report. I was just being a jerk as I was in no hurry to go anywhere and she was.

The trooper gets there 20 minutes later and she ripped him a new one.
Sent the report a week later to my Insurance company and said no damage was done and it also said that on the report.
A year later I get called to court and she is suing for 175,000.
The jury gave her a $1 and her kid $5. Everyone in the court was at a loss for words, even the judge. I asked the Foreman when we were dismissed and he said they knew it was a fraud and felt that award would be a bigger insult then if they gave nothing.
State farm had offered $20 some thousand dollars to settle before trial.

Edit:
Here is the best part almost forgot, when they were going to make the offer
I went nuts and they told me I could stop the offer but if they accepted and I declined and they won a $100,000 in court I would be responsible for the 80,000 difference.
With that I said spend your money how you see fit!

No wonder insurance is so high.
05-01-2006 06:00 PM
ChevyTruckGuy My sister was rear ended with her first son and it was kinda of cut and dry. they offerd here 100,000.00 dollars. Sad thing was she saw dollars signs. and now she has long term back problem. So word to the wise screw then. They Just bean counter trying to minimize the damage.
Why do you thing Progressive has on the spot claims adjuster. with the power to cut you a check right on the spot.
Thats what the attorney is for to play the insurance game. He knows the rules to play the game. When they find out you have an Attorney then it a hole different game then.

Craig
05-01-2006 05:30 PM
ChevyTruckGuy
Quote:
Originally Posted by Biggarmike
Auto insurance is a racket. Those with money can buy a bond and self insure. The little guy gets hosed. I've been driving for 35+ years. total insurance claims: 1 comp claim 15 years ago, ice slid from the roof of a building and landed on the roof of my legally parked Cadillac. (building owner's insurance paid, not my auto company) 3 months ago, I was rear ended while waiting for a traffic light. Damage: bent bumper supports, plastic bumper cover, back-up sensors. Other party's insurance promptly paid for physical damage. My wife has soft tissue damage and nerve damage neck and lower back, verified by 2 MDs, and an MRI. Chiropractic care is helping, Chiro says 9 mos to a year she should be as good as new (at $35 per visit). Now MY insurance company has jacked my rates 15%, and is demanding that wife stops seeing chiropractor. They have scheduled a visit with their "medical expert" who is a DC, but does not see patients, only does evaluations for the insurance company! This whole claim can be subrugated against the other drivers insurance so there should be no cost to my company. They seem to have signed off with the other insurance company and have decided that now it's their duty to protect the other company rather than protecting their customer. Going to go see a local hard-arsed ambulance chaser this afternoon. I would never have considered this route, but when my own company refuses to pay for 36 weeks of chiropractic visits, (the emergency room visit cost far more) That is total bullshot!
NOW it will cost them, lost wages, MD and DC bills, pain and suffering, the whole bit! I really dislike ambulance chasing lawyers, but the insurance companies force you to use them.
That why you got to get an attorney to protect your self and forsure do not got to there doctor not unless you attornery give his ok. there going to give you the old run a round.

Craig
05-01-2006 09:20 AM
Biggarmike Auto insurance is a racket. Those with money can buy a bond and self insure. The little guy gets hosed. I've been driving for 35+ years. total insurance claims: 1 comp claim 15 years ago, ice slid from the roof of a building and landed on the roof of my legally parked Cadillac. (building owner's insurance paid, not my auto company) 3 months ago, I was rear ended while waiting for a traffic light. Damage: bent bumper supports, plastic bumper cover, back-up sensors. Other party's insurance promptly paid for physical damage. My wife has soft tissue damage and nerve damage neck and lower back, verified by 2 MDs, and an MRI. Chiropractic care is helping, Chiro says 9 mos to a year she should be as good as new (at $35 per visit). Now MY insurance company has jacked my rates 15%, and is demanding that wife stops seeing chiropractor. They have scheduled a visit with their "medical expert" who is a DC, but does not see patients, only does evaluations for the insurance company! This whole claim can be subrugated against the other drivers insurance so there should be no cost to my company. They seem to have signed off with the other insurance company and have decided that now it's their duty to protect the other company rather than protecting their customer. Going to go see a local hard-arsed ambulance chaser this afternoon. I would never have considered this route, but when my own company refuses to pay for 36 weeks of chiropractic visits, (the emergency room visit cost far more) That is total bullshot!
NOW it will cost them, lost wages, MD and DC bills, pain and suffering, the whole bit! I really dislike ambulance chasing lawyers, but the insurance companies force you to use them.
04-30-2006 08:23 PM
ChevyTruckGuy Yeah it the same deal for minimum to. Depending on your state laws is the key. If you have ten cars and truck in your yard and at one time you put them in you name them the Insurance company can see that. Some state have a limit on how many car you can have in your yard.

Craig
04-30-2006 02:44 PM
lanierledford
insurance

What about " min-i-mum " coverage? $10,000 If you totaled anything, It wouldn't cover it, and you'd be libel for the rest. And what different does it matter how many car you have, you can only drive one at a time. The ins. should be on the driver instead of the veh. But they wouldn't make much money, or we couldn't afford it. Anyway you looooooose.
04-29-2006 08:16 PM
ChevyTruckGuy Hmmmm! I got Gieco but I learn never tell them any more then they need to know. I worked a short time for Progressive. and it all the same junk. being read from a computer program. when you get your Quote then it goes to the inspection department where they double check all the info and depending on your state laws what you were quoted may change. Example if they find you forgot a ticket you got or you have a non working car showing on the DMV computer thing could change depending on you state laws. In Calif if you do not fill out a non operation form they keep charging you the fee. even if you not use it. and if you ever get the car running you have to pay all the back fee or scrap it out or sell it out of state.

It the state laws that make up most of the rules Gieco must folllow it how they decide to charge you that different from one company to the other.

Craig
04-28-2006 07:57 PM
Rob Keller This is 2nd hand news to me I've had my own dealings with GIECO

I did their "save money by calling this # "& they took my money & then they called back a few weeks later saying I had too many "unregistered cars" for them to insure me & my wife.

Meanwhile back at the ranch we were driving around with "NO INSURANCE " for 2 weeks +!

I'm a firm believer that what ever they say on their ad{anyone} they do the opposite.

IME


Time will tell if their scamming

Insurance is one of the biggest scams

and ENRON was legit ,the bigger they are the more they steal.


R
04-28-2006 06:40 PM
home brew
Proof the the poor pay more?

Is this another instance of "not what you know but where you learned it"?

Rob - "Illegitimis non carborundum"
04-28-2006 06:31 PM
Rob Keller
Proof the the poor pay more?

Occupational discrimination?

More fleecing of America !

http://www.local6.com/problemsolvers...22/detail.html

Quote:
Insurance should be called in case **** happens ! I pay a premium for a year & if nothing happens in that year shouldn't I get my money back?
"Cris Rock"

R

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