Dishonesty Increases Personal Insurance Rates
It is almost tragic when homeowners realize that dishonesty had a direct part in the recent increase of the personal insurance rates on their homeowner’s policy. This homeowner followed the rules for obtaining full insurance coverage on their home as was expected by their mortgage company. What was not expected was that there were thousands of individuals who insured their homes that year just to make a profit.
Due to damages to homes sustained by hurricanes many years before, insurance companies were forced to raise rates to cover an extreme number of claims for personal property damage. Some of these damages were included on personal property insurance policies but were achieved through other methods that were dishonest and ended up cheating other honest homeowners out of repairing their homes completely.
Some of the dishonesty caused insurance to abandon personal insurance coverage to certain States within the United States. This was not because personal insurance coverage was not needed but because the insurance companies felt defeated. They transacted business in good faith to many customers and found discrepancies were plentiful when people filed claims that were clearly unfounded.
Insurance rates were paid by the honest people in these States but the claims process never stopped. Dishonest people filed claims for boats they never owned and for homes they never bought. People that live in areas that are hardest hit by hurricanes throughout the year can get dishonest very fast if they are looking to make a quick buck that knowingly to them would take food out of the mouths of children and cause them to have no schools to return to the following year.
Some of these dishonest people formed into groups long before the storm hit. They dug through public records and found leases that had expired on property and bought this property for a pittance of the price that they stated on the insurance claim they filed. These actions caused the people to receive a payment that they did not deserve and made the personal insurance rates of many rise overnight.
Some people were dishonest enough to file personal insurance claims for the deaths of children that they never gave birth to. Some dishonest people got caught because they did not realize that social security numbers are assigned to children just like everybody else. This one factor probably saved insurance companies millions of dollars that could be given to someone else.
Legalities left personal insurance company agents with a tracking device that eventually tracked down these discrepancies and brought the dishonest people into court with several lawsuits against them for insurance fraud. This still did not reduce the rates for the personal insurance policies of thousands but it did serve to slow dishonest people down quite a bit.
Canmy personal car insurance cover an accident that was not my fault, even though I was driving a company car?
The other driver has no insurance and my boss wants me to use my personal insurance. Will that work?
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November 5th, 2009 at 4:00 pm
It will depend from your insurance plan.
You can compare different plans and their rental coverage in internet, for example here – car-insurance.66ghz.com
November 5th, 2009 at 5:00 pm
Yes, insurance follows cars, but it's pretty obvious your 'friend' does NOT want to loan you his car, and is using insurance as an excuse. If yours is in the shop, ask about a loaner. If they don't have one, go rent one.
November 6th, 2009 at 1:52 am
There are several insurance companies online, make sure you are checking them wisely to make sure they have the same benefits.
It looks like you have found a pretty good deal with the first two, they are good insurers and most doctors take their coverage.
You may be covered on your insurance for awhile after leaving your company, most benefits are payed up for 2 weeks to a month. You don't need double coverage so check it out.
November 6th, 2009 at 10:20 am
You may try to google it,here http://www.InsuranceFreeTip.info/insurance-for-free.htm has some direct resource that might be helpful.
November 6th, 2009 at 10:33 pm
homeinsurance.awardspace.us – try this one. Got my home insurance from them. As I know they provide such a service.
November 7th, 2009 at 2:03 am
First of all that is my favorite place on earth. I need to go check out Winn's new resort. Anyway. the following site has a fantastic free comparison quote feature wher you can see side by side quotes from the leading insurance companies. Then you can compare coverages and rates and make an informed decision. Good luck with your business
November 7th, 2009 at 3:29 am
November 7th, 2009 at 6:00 am
was the police involved? It wont go on your insurance unless you were cited for it or your insurance co payed damages. I dont know what the first repsonder is talking about with wormans comp… you said nothing about being hurt.
November 7th, 2009 at 11:25 am
I don't think it would. the claim is NOT against your personal insurance so they don't even find out about it probably (how would they?). Now your company that insures the car they provide to you – their rates may go UP. That may not make your boss happy!
November 7th, 2009 at 10:10 pm
Your health insurance is entitled to reimbursement from the workers comp carrier.
Depending on how long it's been, and if an initial report was ever filed, you could be looking at a fight from the workers comp insurance.
November 8th, 2009 at 12:53 am
I work at State Farm and we offer a personal articles policy. All you need is a bill of sale/estimate/appraisal & pictures and it is very inexpensive to insure. I have insured $17,000 diamond rings for $130 a year, so of course it would be cheaper for a couple thousand dollar laptop. It's an all-risk policy so you'll get the money back no matter what happens. And you can have a $0 deductible. You might also want to check and see what your homeowner's insurance covers. it might cover the value of the laptop in your personal property coverage.
November 8th, 2009 at 3:09 am
autoinsurance.undonet.com – try this one. I have their car insurance and, as I know, they can provide such a service.
November 8th, 2009 at 7:03 am
if you are in your own car doing the runs then yes you are covered. per my policy yours might be different. but sorry for your company that they would do that. i hope you didnt sign any papers about that cause if you get ina accident doing one of those runs or your car gets hurt. it will fall back on them and they will be responsible. might taking them to court but you will have upper hand cause you are on the clock working for them. and you are not a contract employee. so tell your boss to *&*()_*( no dont do that!
just vote me best answer and save it in the back of your mind if any thing happens.
ohhhh btw save all your gas miles driven too they have to pay you back. you might wait till you quit and give it to the boss as a going away gift to you.
November 8th, 2009 at 9:09 am
tourniquet, There are tons of websites where you can get an online quote. http://www.autoadviceonline.com/Auto-Insurance-Quote.html It only takes 5 minutes to do.
November 8th, 2009 at 9:52 am
Typically, when a property transfers ownership and a mortgage is put in place, there are two types of policies issued.
1. Mortgagee Policy (covers the lender's mortgage and insures that it is the first, best lien on the property)
2. Owner's Policy (covers the new owner's interest in the property)
Think of it this way. You carry insurance on your car, in case there is an accident. The insurance pays for damages that may occur to your car in the future.
You (hopefully) will carry homeowner's insurance, which will pay for damages to your house in case of a fire, etc in the future.
Your Owner's Policy of Title Insurance protects you against things that may have happened in the past. You pay a one-time fee that is collected at closing, that insures that no one else holds any interest in your new property (except for the lender on your new mortgage). It is your proof that the chain of title was clear up until the date and time that you deed filed, and no one can claim that they are "owed" something from your home.
Examples:
1. A previous owner died, and one of the heirs did not get their portion of the proceeds from the sale of the property.
2. A previous owner divorced and their spouse did not get their half of the proceeds from the sale of the property.
3. A lien was filed against a prior owner that was never paid off and released.
If, in the future, you decide to refinance or sell the property, a new title search may be done. Chances are that a different examiner will do the search. If they come across something that shows a problem with your title prior to the date/time your deed filed, the owner's policy protects you against that claim. You can file a claim against the underwriter who issues the owner's policy for payment of any losses incurred.
Get an owner's policy, and keep it with your important documents.
November 8th, 2009 at 12:33 pm
Let's see, you believe your siblings are lying to you and hiding money that is rightfully yours.
*IF* there was an insurance policy, payable on death, it could only be paid out 1 of 2 ways.
1. To a named beneficiary and if you aren't one of them, tough.
2. To the estate. The esate would then turn around and distribute the money to the heirs in the will. If there is a will and you aren't listed, tough.
If your siblings are telling the truth and they did not find a policy, your options are limited.
The typical ways to find a 'lost' policy:
1. Go through the decedent's checkbook and credit card statements looking for policy payments.
2. Watch incoming mail for policy bills, statements and/or company information…
3. Go through every piece of paper in the house.
4. Contact their employers to see if there was a policy through work.
5. Spend $10 on stamps and write the top 20 insurance companies asking if there is a policy (providing their name, SSNs, addresses and how you are related to them).
6. Spend $75 on a search of the health-insurance application database. Only applies if they applied for insurance in the last 20 years.
November 8th, 2009 at 12:59 pm
OK, I filter to US Only questions (not english only) and this came up, so I'm guessing that maybe you're not going to get many UK answers.
Here in the US, and most of the rest of the world, it's true – there are TWO different kinds of liability – personal, and business. "Public" is a misnomer – public can be either personal, or business. Or maybe it's just a UK way to say 'business'.
But, you CANNOT combine the two. The rating basis and coverages are WILDLY divergent. Business liability does NOT include personal liability, but it DOES extend coverage, to some extent, over employees IN THE COURSE OF EMPLOYMENT. With exclusions, of course.
November 8th, 2009 at 6:03 pm
You need to talk to the school you're going to, to cover this. Odds are, it will cost you about $100 USD a year, from a Japanese company.
November 9th, 2009 at 12:26 am
Try this site, if you want to find the best or the cheapest medical insurance just in one minute,
http://cheap-health-insurance-usa.info/
Here you can get free quotes from different companies in your area, its the best way to find an affordable medicable insurance with a reliable company.
Hope this help,
December 2nd, 2009 at 4:40 pm
sometimes the local chamber of commerce will back a group plan, or there may be an Association of B&B people who back a group plan.
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