What do you do if you get in an accident? Most states require you to exchange information with the other party. Simple enough? Maybe not. Here is the process I suggest when I give talks on insurance accidents: Pull off…
Posts Categorized In: Auto Insurance
What do you do when your car is a total loss?
After you get in an accident, the insurance company may tell you that your car is a total loss. Lets talk about what that means and how to figure out what your car is worth. First, a total loss means…
Auto Insurance Fraud and Hurricane Katrina
The Navy Compass has a story from last week about scam artists who have a new scam going. They are taking cars that were damaged from Hurricans Katrina and Rita and repairing the cars, sometimes cosmetically, before selling them in…
Occurrence v. Claims Made
People often seem confused by the terms occurrence policy and claims made policy. What is covered when? Lets start with an example of what is not covered, ever. On a Google group, I read this post. (You may have to…
Saving on your auto insurance and the type of car you drive
Everyone has a method to save on auto insurance. I have heard all types of methods, including some that make no sense. I have heard people say that you should have every car insured with a different company (makes no…
Auto Insurance Fraud Ring busted
It seems like I post about insurance fraud and then someone gets busted for fraud. This time the California Department of Insurance busted a ring. These people were making fraudulent claims to rental companies. Basically, they would rent a car,…
Auto Insurance Pricing
Reading through Goggle groups again, I came across a post from a person who wants to switch insurance companies but is afraid that he will get a higher price at renewal. Do insurance companies bait and switch to get you…
Mandatory Auto Insurance
As you probably know from now, I am not the biggest fan of how the insurance companies operate. However, after reading this thread from a Google group, I have to say that some people just dont get it at all….
Auto Insurance Fraud Revisited
Google is nice enough to email me news updates every day. Today’s update came with a story about auto fraud in San Bernardino county. Nice county. Good university. Bad story. Let me preface this with third comments. First, I believe…
Auto Insurance Fraud
The insurance companies like to tell you how they are investigating fraud. And, boy, are they investigating it. If you have a questionable claim, they come after you. (I admit it – I used to go after questionable claims hard….