Does anyone else consistency that they are self taken assistance of when it comes to saloon insurance companies??

Answers: Of course! Insurance companies are in the enviable position of selling a product that state statute REQUIRES you to purchase. They are in a perfect position to lug advantage of their customers. Furthermore, the insurance industry has one of the most powerful lobbies surrounded by Washington and in every statehouse in this country. In Texas, for instance, the Supreme Court (elected, politicians) just this minute curtailed policyholders' rights with regard to 'bad faith' claims against insurers. In PS, insurance companies lobby in favor of tort reform provisions, whining give or take a few "frivolous" lawsuits driving up insurance costs. Then, when tort reform legislation passes, do you have a sneaking suspicion that the insurance companies lower their premiums in exchange for chopping away at YOUR rights? Of course not.

Insurance companies are for-profit corporations. OF COURSE they're going to manipulate and embezzle advantage of their customers - that is what for-profit corporations do. In valise you haven't noticed, we live in a corporate oligarchy.
Do you mean the mandatory insurance you have to settle up to cover everyone else but yourself? Or do you mean the raw cost, paying $75/mo near a good driving record, married, over 25, to cover a vehicle thats worth $1200 to them... Legalized breaking and entering? Funny you dont have to cover your own....
Regarding what? They not "giving you what you want" and abiding by the terms of the policy as well as the regulation? Or in terms of taking your money and closing their doors never to be hear from again?
Before I turn on my rant you should know,as an insurance agent, I'm biased.
I also have this conversation with my friends regularly.

For this example I'll use a concrete policy I wrote today. They own a 1998 Ford Explorer (valued at $5,990) and have no tickets or accidents. The coverages they enjoy are $100,000/$300,000 liability, $100,000 property damage and $500 deductibles for comp. and coll. This means the insurance company have just agreed to pay as much as $405,490 on any given chance they may have. Their rate was around $125/ mo. That technique in order for the insurance company to charge more than they are insuring, it would bring 3,244 months or 270 yrs at their current premium!
Now the odds of someone using every dollar they are insured for is extremely unlikely, but even if they used 1/4 of it on a single, bad twist of fate ($101,372.50) it would still take 811 months or 67.5 yrs. for the insurance company to break even on the loss.

It's not easy to pay envelope for something you never use, but it's important to understand that one misfortune could make your lifetime of insurance payments worth while. Source(s): Insurance Agent

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