| Oh, dear, thanks for the vote of confidence, but I'm really not full of auto-related claims experience. A lot of factors go into rate-making. One is zip code of where the car's parked. That looks at crime. Another is the age/experience of the average driver. That looks at severity of claims. Still another looks at finances of the policyholder to tell them which they can expect to put more time/money in to service the policy (and collect the premium). It's all spelled out in the underwriting guide. A sum below a certain amount and you're automatically put in the higher-rated company.
I've always thought that insurance consumers just being aware of what makes up their rates, whether home or auto, will make a difference in how they choose to live their life.
Redlining has been a bad word for a long time, yet some insurors still do it. They just call it by a different name. That's when you have a hard time buying insurance if you live in a certain neighborhood. Or drive a certain car. Or have more than 2 traffic accidents in a certain period of time. The only thing is, if the driver doesn't carry insurance and is found to be responsible for damages, that information is never entered into the database, so any insurance he/she applies for in the future will not show the wreck. They could probably buy a less expensive policy. OK, kiddies, that's it for today!
I took my flu and pneumonia shots, but I am sicker than a dog with the flu. Every bone in my body aches. Hubby says I have to go downstairs to watch Boston Legal on the big screen. I'm not sure Boston Legal is that important tonite - will somebunny tell me what happens?
__________________ When the goin' gets tough, the tough go shopping!  |