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Smart Shopper Questions About Auto Insurance & Accidents
4410 messages, Last post on Nov 29, 2009 at 5:58 AM
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Replying to: steve_ (Dec 08, 2008 12:14 am)
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Replying to: Mr_Shiftright (Dec 08, 2008 9:13 am) Did he get his Liability coverage canceled on his horse drawn buckboard?
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how ANYONE could mention "auto insurance" and not, in the same breath, utter the word "lawyer"...it's like macaroni and cheese, Lewis & Clark, Cain & Abel, Abercrombie & Fitch, Batman & Robin, you get the idea... So, any mention of lawyer is ALWAYS on topic in the Auto Insurance topic...
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Replying to: marsha7 (Dec 08, 2008 2:58 pm) |
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| I have no choice but to agree...but, if everyone actually did everything right, there would not be the need for courts, as there would be no disputes to resolve...it is an imperfect world we live in... | |
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Replying to: euphonium (Dec 08, 2008 10:19 am) What he meant I believe is that the actuarial "tables" are such that the insurance company can never lose. Or perhaps he meant the same thing as I often tell people, that if you "win" against an insurance company they don't hang their heads, and if you "lose" they don't pump their fists in victory. To an insurance company, it is all totally impersonal. It's about bottom line at the end of the year--did we take in more than we paid out? Much like a casino, in fact. Insurance would be a GREAT idea in principle if it didn't end up punishing the victim half the time.
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Replying to: Mr_Shiftright (Dec 09, 2008 9:07 am) Without profit and investment income, honest & true claims could not be paid. The purpose of insurance is to prevent a financial catastrophe and not be a maintence policy like a case of the sniffles is to medical insurance. Victims are not punished, but made whole without raking in an undeserved profit. The only "gamble" in the insurance industry is when you buy Retroactive Liability.
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Replying to: euphonium (Dec 11, 2008 5:18 pm) I'm not saying this is the norm or the intention, but it happens. You can always google "worst insurance company in America" (or similar) and read the stories. It's not pretty. Sometimes profit is definitely a 4-letter word (e.g., sell drugs to the Seven Dwarfs, etc. ) If we get slow here, I'll post gruesome tales from my files. Hide the children.
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Replying to: Mr_Shiftright (Dec 11, 2008 5:46 pm) However, on the flip side, I am still in litigation with a different insurance company, and have been for more than THREE years. They will ultimately lose (and they suspect this, as they keep offering to settle), but in the interim they keep delaying and delaying. The bottom line is that it is best to research insurance companies and what current & past customers have to say about them before buying. No, you can't control what insurance a third party might have, but you can control your own. Hot tip: Cheaper ain't always better. |
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I have a question about a wreck i was recently in: I was going about 60 mph on a 2 lane highway, it had just gotten dark and im driving along when i suddenly see a large wooden structure about 1 foot high and prolly 8x10ft. i had no time to react, didnt even hit brakes, just plowed through it in my sentra. apparently some guy had been pulling a trailer with no lights out of a parking lot, and the trailer was hit by another driver about 30 seconds to a minute before i hit the rest of the trailer. anywho, a lawyer that the other guy had hired contacted me and set me up to have my back checked out (it was kinda sore in some places) and mentioned i could get some money out of it i end up going to therapy for about a month and a half. the dr rated my injury as a 2 out of possible 3 as far as severity goes. my therapy just ended, and when my lawyer receives everything she says they'll start negotiations for a settlement i guess, to be honest i didnt talk to the lawyer all that much, she just mentioned i could get money out of it. my questions are: about how long does this time of negotiation take? also, what kind of money could i be looking at?
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Smart Shopper Questions About Auto Insurance & Accidents
