Insurance Claim questions

How long of a list should I have made? The comment I made is relevant to the topic at hand.

 

i tell people when they’re wrong, when they’re wrong or they post incomplete or out of context information. i’m not hellbent on doing anything, so you’d be wrong there.

sometimes you have to think about context before you post. although you may not be wrong per se…is the information you’re giving correct in the situation at hand?

 

you shouldn’t have made a list at all.

no it’s not because you don’t know what other ratings factors will effect anyone’s premium at renewal.

 

Can a NAF loss affect someone's premiums? Yes. Will it? It depends. But you already knew that. So did I.

 

here’s your reply again. it depends on more than just what doi allows.

and…. lack of police report can ABSOLUTELY effect a claim in some situations.

 

Of course it does. I never said it didn't. But if the DOI allows it, it CAN affect your rates. Doesn't mean it will, but it might...like I said in the reply you quoted. Writing a 5,000 word essay answer to outline every possible scenario or factor is not necessary. We're talking about OP's situation, and what could happen as a result. I've not posted a single incorrect reply, nor have I posted anything without context.

You're not the only one here with industry experience, and that's a good thing. These topics are so wildly misunderstood that the more people who actually know what they're talking about, the better.

 

even if doi doesn’t allow it, one’s premium can still go up.

yes lots of incorrect statements.

 

Yes, one's premium can still go up unrelated to the NAF accident if the DOI doesn't allow premium increases due to NAF accidents because, as you pointed out, there are lots of other factors at play. But that's not what we were discussing. Remember Planes, Trains, and Automobiles? Steve Martin compared listening to John Candy to attending an insurance seminar. There's a reason for that. And that's why I don't write Unibomber Manifesto-length answers to specific questions.

 

sometimes it’s required, or best not to reply at all and leave yourself wide open for correcting.

 

I won't hijack the thread any further.

 

not on my account i hope! i just like playing devil’s advocate sometimes.

 

^^^ Is THIS what they mean when people advise "Call your agent and let the insurance companies fight it out" ???

 

Not fighting, just having a spirited discussion with another industry pro who, I think it's safe to assume, wants to help people better understand a topic that affects all of us. Same as I do.

 

At least this isn’t a “how much are you paying for insurance” thread…

…or an oil thread

 

Ah... I see now. You guys are just trying to help us mere mortals to understand the smoke and mirrors of the insurance industry.

 

yes and i like to get people thinking outside the box. because you know consumers sure will!!

 

no. i would never give away our secrets.

 

Good luck with anything USAA at this point, they just got bagged for all kinds of banking fraud they tried to deny happened. Apparently left 100s of customers holding the bag for significant amounts in fraud charges on their accounts.

 

Of course... but any insurance agent and/or adjuster has some discretion in how they choose to write it up. It pays to be friendly with the people you're buying from.

 

1) Unless the adjuster chose to completely falsify the circumstances of the claim (with no incentive to do so) I don’t see how there is any discretion in choosing between comp and collision, they have very clearly delineated coverages. Either the damage was the result of a collision or it wasn’t.

2) I’m not following what advantage there is to the insured between a comp and a collision claim assuming the insured has both coverages unless there’s a difference in deductibles. Both types of claims can lead to premium increases.