Re: OT..insurance fraud

Posted by Hugh MacKay on April 24, 2004 at 17:13:56 from (209.226.106.8):

In Reply to: OT..insurance fraud posted by 49 Cubber! on April 24, 2004 at 11:46:44:

Cubber: I really wouldn't go to the bother of doing the task of turning him in. More than likely you will receive your own black eye for the deed. These things have a way of backfireing on you.

If we were all far more educated about our insurance needs, thus enableing us to cancel some of the crap. Fire insurance is one example. 50 years ago most fire insurance was on depreciated value of assets. Today this replacement cost insurance, is going right through the roof on cost. The whole premis of replacement cost insurance, leaves it wide open to fraudulant claims. The entire insurance industry is being run much the same way. "Cheaper to pay than POLICE it.

What we all should be doing is be far more selective, weed out some of that unneeded insurance. I have done a lot of this, you will be amazed at how much you can save. Remember if you, I and all other insurance customers get tight fisted with our money, the insurance companies will not have the money for these frivolous and fraudulant claims. We need not pay for peoples neglegence.

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