View Single Post
  #19  
Old 03-10-2003, 02:58 PM
Ken300D Ken300D is offline
Registered Diesel Burner
 
Join Date: Aug 2001
Location: Northern Virginia
Posts: 2,911
There is a trend with insurance, that if not regulated, will turn the whole thing into one big rip off.

Please read this article:
http://www.washingtonpost.com/wp-dyn/articles/A2576-2003Mar9.html

It's pretty sad that if you even call up to INQUIRE about making a claim, the insurance company might drop your coverage.

From what I gather, insurance companies invest your premiums in the stock market. Now that the market has tanked, they don't have the money to pay out premiums - so they use every possible trick to avoid doing so.

The insurance companies gambled with your premium money, and the only loser is going to be you.



Ken300D
Reply With Quote