The question of the day: Suppose you are in an auto accident and you have a $15,000/$30,000 policy. (Most of you should not, but let’s say you do.) You have injured 3 people. Each claim is worth $15,000. The insurance…
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Man Charged with Selling Fake Insurance Policies
The California Department of Insurance has arrested a Texas man for selling fake insurance policies. Apparently, this individual had his insurance license expire, but continued to sell policies for almost 4 years. He had offices in Texas, California and New…
Two or More Policies Insure One Car
Lets say you have more than one insurance policy covering a car. (This is based on a true story!) You have a policy with company A to insure the car. You then take out a policy with company B. And…
Your Expensive Jewelry and Insurance
Some of you reading this have a lot of expensive items that you think are covered by insurance. But, they may not be covered. Your insurance policy limits how much it will pay for certain items. Most policies limit jewelry,…
Your Insurance Policy Covers Your Personal Property for What?
Your homeowners insurance policy covers you for damage to your home, your “other structures” and your personal property. The home and other structures are covered for any damage that occurs that is not excluded by your policy. (I know, that…
Do Not Burn Your Own Car
Apparently, due to high gas prices, some people are burning their own cars. This would be a bad thing to do. Burning your own car is insurance fraud. It is a felony in California. If you cannot afford your car,…
Who Owns The Car After A Claim?
Someone reported that they had their car stolen. The insurance company was processing the claim when the police called and the car was found. Who owns the car now? This is an interesting question. If the insurance company had just…
Insurance Fraud – Again!!!!!!
This is a story that really annoys me. An attorney has been accused of insurance fraud. He was, allegedly, the mastermind behind an insurance fraud operation that would recruit people to get into accidents. Apparently, some of these people were…
Questions to Ask Your Insurance Company Before You Rent a Car
The general rule is that your insurance company will provide you coverage when you rent a car on your vacation. However, its a general rule, and does not apply to every policy. But, if your policy covers you, you will…
A Website Everyone Should Go Read
Its not often that I openly plug an organization, and I can only think of one other that I have plugged, the CPCU Society, but here is another one. United Policyholders is a group who attempts to educate the public…