Buggy Insurance

[fabr]

I know that's who you have but what I've been reading concerns me quite a bit. Who are the people(your friends at LS) insured with that were involved in the fatality at LS last year? They were well taken care of it sounded like.

[fastcorvairs]

I know that's who you have but what I've been reading concerns me quite a bit. Who are the people(your friends at LS) insured with that were involved in the fatality at LS last year? They were well taken care of it sounded like.

Don't know who had there insurance.  I'll have to ask next time we are down there.

[fastcorvairs]

I know that's who you have but what I've been reading concerns me quite a bit. Who are the people(your friends at LS) insured with that were involved in the fatality at LS last year? They were well taken care of it sounded like.

Give me a webb site to go read.

[fabr]

Been looking at stuff all afternoon. Everything from good to bad and most of it contradictory. WTH knows what's right.

[Wyattboche]

I found this company through Sand Sports Mag. Going to give them a call or email.
http://stclairinsurance.com

[Yummi]

I found this company through Sand Sports Mag. Going to give them a call or email.
http://stclairinsurance.com

An agent writing foremost.

[fabr]

Yummi,got any insight for me? PM if you wish.

[Wyattboche]

An agent writing foremost.

Ya I had to go to there site to see what they will give me for a quote. Not shure if there is an agent in my area that carries foremost ins.

[Yummi]

Yummi,got any insight for me? PM if you wish.

Yes - lots and lots.  Most folks like to bitch because that's what they do.  Insurance companies are very easy targets.  Dealing with peoples expectations and what they perceive to be "their money" is at best a challenging game.  Example, guy starts to bitch somewhere, I offer to help, next thing you know there are lots of  - "oh yeas" so what he posted was not really the skinny.  Close but not quite.

So, before you believe the horror stories - Always ask the question - was it properly insured?   

If so, and it is a true gripe on value, that is easy to resolve.  If it is something else - then it is a bit tougher to resolve.  But 100% gaurenteed there is no resolution, good or bad, without a policy to begin with. 

Buy the policy, hope you never have to make a claim, but if you do I will gladly walk you through it to ensure you are as satisfied as we can get you.  And in the event you are not satisfied at least you will understand why. 

 

[fabr]

How does a person define properly insured? How do you KNOW you are?

[Yummi]

Well, the way you know you are is to read the policy and not just belive what an agent tells you.  That is the hardest thing to overcome. 

Agents oversell stuff - tell folks what they want to hear to make the sale.  Most agents never read a policy and even if you explain it to them they dont want to hear about it.  They are only concerned with sales - not claims.  They only give a rats ass about a claim when they get a complaint.  Rest the time they want them paid low to protect their "loss ratio" which results in a bigger bonus.  Carriers care about the contract and most claims folks want it settled fairly - what ever the price is - just as long as they can close a file. 

You have to work within the confines of the system for personal lines.  On personal lines, get the comp, get the collision, get a UMPD and UMBI just like any auto policy.  The GL limits should be whatever you want the UMBI (Un / Under insured Bodily Injury) to be.  The goal on off road is to insure you and your shit against the guy that has no insurance. 

We go from there. 

[fabr]

Well, the way you know you are is to read the policy and not just belive what an agent tells you.  That is the hardest thing to overcome.

Agents oversell stuff - tell folks what they want to hear to make the sale.  Most agents never read a policy and even if you explain it to them they dont want to hear about it.  They are only concerned with sales - not claims.  They only give a rats ass about a claim when they get a complaint.  Rest the time they want them paid low to protect their "loss ratio" which results in a bigger bonus.  Carriers care about the contract and most claims folks want it settled fairly - what ever the price is - just as long as they can close a file. 

You have to work within the confines of the system for personal lines.  On personal lines, get the comp, get the collision, get a UMPD and UMBI just like any auto policy.  The GL limits should be whatever you want the UMBI (Un / Under insured Bodily Injury) to be.  The goal on off road is to insure you and your shit against the guy that has no insurance. 

We go from there. 

How well I now know that. 
I had always heard that.
Help me out on that. I'm a bit dense tonite.(There's another for ys boost. )

[Yummi]

OK, on an auto policy or Homeowners policy there is the General Liability side.  Lets focus on cars.  The GL side is what pays claims made aginst you when you run into shit.  That is the limits refered to as 100/300 50/100 what have you.  The limts are max and per claimant.  So, say you hit a school bus full of kids - 300k max to resolve them all.   

Now, most policies have a un insured / under insured limits as well.  That may not apply in no fault states.  But, most states it does.  So, say the guy that hits you has no insurance and you are hurt - you can collect from that portion of your policy.  Effectivly you are paying his premium with the UMBI portion of the policy. 

Again, on off road stuff, worry about the UMBI limits - that will cover you if some guy hits you and you are hurt.  If you crash (solo car) and are hurt the med pay limits come into play - well, unless we discuss the phantom driver.  Most states will not let you insure your theoretical claims against your own injuries higher than your theoretical claims of the public - hence the GL limits for off road should be whatever you want the UMBI limit to be. 

I carry 250/500 on the UMBI for the buggy, and by default I carry 250/300 for the GL side of the buggy.  If a guy hits me, and I am hurt. and he is uninsured (most are in the off road world), the most I can collect from my own policy would be 250 for me, 250 for the passenger.  BTW, 250 is a hell of a wallop, (you would be hurt pretty bad) but it adds up quickly in that event.     

[fabr]

Cool,thanks for the info. BTW what does the acronym UMBI actually stand for?

[Doug Heim]

Well, the way you know you are is to read the policy and not just belive what an agent tells you.  That is the hardest thing to overcome. 

Agents oversell stuff - tell folks what they want to hear to make the sale.  Most agents never read a policy and even if you explain it to them they dont want to hear about it.  They are only concerned with sales - not claims.  They only give a rats ass about a claim when they get a complaint.  Rest the time they want them paid low to protect their "loss ratio" which results in a bigger bonus.  Carriers care about the contract and most claims folks want it settled fairly - what ever the price is - just as long as they can close a file. 

You have to work within the confines of the system for personal lines.  On personal lines, get the comp, get the collision, get a UMPD and UMBI just like any auto policy.  The GL limits should be whatever you want the UMBI (Un / Under insured Bodily Injury) to be.  The goal on off road is to insure you and your shit against the guy that has no insurance. 

We go from there.