From another thread but I wanted to open a discussion. :
I have a serious hatred for insurance companies. In the past twenty years I had to file a "claim" twice for damage to a vehicle and in both cases the insurance companies nailed me to the wall with fee increases for years and years. I have learned that insurance is a legal obligation and I need it to protect myself and my passengers as well as property but it is otherwise a useless cost. Never file a claim for damage or anything like that. Ever. The fees go up for a lot longer than the cost of the repair.
In my mind car insurance is a scam. Even the ones that claim "no fault and we forgive the first claim" you will find, based on my own direct hard evidence and experience, if you file a damage claim on a vehicle and the claim is large then the insurance company will cancel your coverage instantly. They have that retained right. Then the next time you need insurance ( instantly ) the costs are enormous because the previous policy was canceled. Not for lack of payment ever, simply canceled.
It is a tight little scam based industry wherein every provider or supplier of car insurance is in the business of getting as much as they can and then protect the industry ( their money ) with whatever tactics that they can get away with. Everyone knows that lawyers are money based and law is a product to be bought in the justice store ( court rooms ) and that business is strictly out of reach for anyone but the one percentage big money people. Therefore car insurance companies can promise the moon and stars and rainbows and unicorns with the option to force feed the customer any fees they want and cancel whenever they want.
June 29, 2017 at 10:05AM
