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Keyman Insurance - Protect Yourself Against Some Of Your Biggest Businesses Risks.
As a businessman you might have public liability insurance and
you insure your buildings, stock and vehicles. You may even have
professional indemnity insurance and legal cost insurance. Is
that all? What about your other primary assets - your...
PORTFOLIO INSURANCE
THE ALCHEMIST by ALTHOMAS PORTFOLIO INSURANCE For the past few weeks the market has had a very nice advance breaking out of an eight month sideways pattern. Then the brick wall. Several days of slamming down taking back some of the nice profits...
Term Life And Whole Life Insurance
Which type of policy is best for you, term or whole life? The answer depends on several factors, including: Your Needs. If you need coverage only until your children graduate from college, for example, you might be better off with a term life...
Term Life Insurance Quotes for Singles
Term life insurance quotes are rarely a concern of single people, but they should be. Unfortunately, there is a misconception that term life is something owned only by families in the event that the chief breadwinner dies. Term life insurance...
What is Permanent Life Insurance?
Unlike term life insurance, permanent insurance policies such as universal life, variable universal life and whole life provide long-term financial protection. This type of insurance will cover you for the duration of your life and continued on time...
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Do NOT File a Home Insurance Claim
---------------------------------------------------------- Permission is granted for the below article to forward, reprint, distribute, use for ezine, newsletter, website, offer as free bonus or part of a product for sale as long as no changes are made and the byline, copyright, and the resource box below is included. ---------------------------------------------------------- Do NOT File a Home Insurance Claim
By Stephen Bucaro
You can PAY for home insurance, but don't try to actually USE your home insurance or you may be blacklisted by the insurance companies. The home insurance companies only want to TAKE in money, not PAY OUT any money. On Jan. 2, 2003 CBS Evening News exposed a scheme by home insurance companies to blacklist customers who file claims.
According to the CBS Evening News report, the insurance industry uses a secret system called CLUE (Comprehensive Loss Underwriting Exchange) to blacklist customers who actually try to use their insurance. The system was originally set up to help companies detect fraud, But now it's being used in a scheme to blacklist customers who use their home insurance.
Several home insurance companies say they are blacklisting customers who file claims because "claim losses outweigh premiums". But consumer advocates say a look at
the companies financial records shows they are in financial trouble because of big Enron and Worldcom stock market losses.
According to the CBS Evening News report, if you try to make a claim on your home insurance, you could be placed on the Insurance Industry Blacklist for five years. During that period you will either be forced to pay outrageous premiums, or you will be without insurance. If you try to sell your house, you will find it is unsellable, because it is uninsurable.
Your best option is to continue to pay your home insurance premiums, but if something happens, like a pipe breaks or a storm damages your home, pay to fix it yourself. Do NOT make any claims against your homeowner insurance policy or you may be blacklisted by the insurance industry. The home insurance companies only want to TAKE your money, not PAY OUT any money. ---------------------------------------------------------- Resource Box: Copyright(C)2002 Bucaro TecHelp. To learn how to maintain your computer and use it more effectively to design a Web site and make money on the Web visit http://bucarotechelp.com To subscribe to Bucaro TecHelp Newsletter Send a blank email to bucarotechelp-subscribe@topica.com ----------------------------------------------------------
About the Author
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