White Stallion 11
Well-Known Member
Have been reading this thread from the outset and I have some observations--
1. I have been in the insurance industry for over thirty years (life, health, casualty and auto); and I have been a Mustang owner continuously since 1968.
2. Most of what I've read on this thread is very emotionally charged for a variety of reasons; given one's perception of the industry's intentions or unfavorable experiences in underwriting or claims experiences with insurers or their agents.
3. Irrespective with whom you insure your car, either stand-alone or as a part of a comprehensive package with an insurer, there are a multitude of factors that are considered in the underwriting process which can lead to complexities in a company's determination as to whether or not to make you an offer of coverage, with or without a rate-up.
4. Should any of you believe that you have been harmed, or in the process of being harmed by an insurer, in terms of being denied coverage or being rated-up, each state has an insurance commissioner whose primary responsibility is to police the industry for unethical practices and to look out for your well being in resolving any difficulties you may have with an individual insurer.
5. All the above being said, before engaging with an insurer, obtain a list of all auto insurers licensed to conduct business in your state from your state department of insurance, and inquire as to whether or not they have any instance or record of disciplinary action for unethical conduct.
6. Lastly, shop around and remember, it may require some time and effort on your part as there is no set-piece or cookie cutter process used by an insurer in making an offer of coverage. We can't compare the premiums we pay with one another as offers of coverage is on an individual case-by-case basis; specifically, the proposed insured's individual credit report, locality, age, driving record, make and model of vehicle, annual mileage, repair costs, stated intended vehicle use (pleasure, business, historic, show, etc.), and the insurer's loss history in the state the company offers coverage.
Hope this helps.
RJ
1. I have been in the insurance industry for over thirty years (life, health, casualty and auto); and I have been a Mustang owner continuously since 1968.
2. Most of what I've read on this thread is very emotionally charged for a variety of reasons; given one's perception of the industry's intentions or unfavorable experiences in underwriting or claims experiences with insurers or their agents.
3. Irrespective with whom you insure your car, either stand-alone or as a part of a comprehensive package with an insurer, there are a multitude of factors that are considered in the underwriting process which can lead to complexities in a company's determination as to whether or not to make you an offer of coverage, with or without a rate-up.
4. Should any of you believe that you have been harmed, or in the process of being harmed by an insurer, in terms of being denied coverage or being rated-up, each state has an insurance commissioner whose primary responsibility is to police the industry for unethical practices and to look out for your well being in resolving any difficulties you may have with an individual insurer.
5. All the above being said, before engaging with an insurer, obtain a list of all auto insurers licensed to conduct business in your state from your state department of insurance, and inquire as to whether or not they have any instance or record of disciplinary action for unethical conduct.
6. Lastly, shop around and remember, it may require some time and effort on your part as there is no set-piece or cookie cutter process used by an insurer in making an offer of coverage. We can't compare the premiums we pay with one another as offers of coverage is on an individual case-by-case basis; specifically, the proposed insured's individual credit report, locality, age, driving record, make and model of vehicle, annual mileage, repair costs, stated intended vehicle use (pleasure, business, historic, show, etc.), and the insurer's loss history in the state the company offers coverage.
Hope this helps.
RJ
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