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#1
posted to rec.boats
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Umbrella policies being gutted by State Farm
nada wrote:
HK wrote: Hamish wrote: I am in California. I just got the renewal bill for my personal umbrella policy, and the "Important Notice" brochure that always comes with it said, "The definition of insured is revised so that a person or organization using an insured's auto, RV or watercraft is no longer covered." So, when I let a valet park my car, he's not covered. If I loan my car to a friend, relative, or neighbor, they're not covered. If my ski boat was running - it isn't right now - and I let a friend drive it to tow me, he's not covered. (Yes, I know that my "underlying" car insurance covers them up to the limits of that policy, but those limits are only enough to pay for a stubbed toe.) I called my agent and she was totally unaware of the change, and asked me to fax her a copy of the brochure. Then, once she called the underwriters, she still seemed unconcerned. She was happy to quote me the increase in premiums to bring each of my car polcies up to the same limits that were formerly covered by the Umbrella. An additional $206 per year. I will pay the money, because I own a home and it is vital that I remain insured up to a high limit. I have taken the trouble to write this post because I think that a lot of other people will fail to read the "Important Notice" (the brochure is 17 pages long), will simply write the check like they do every other year, and will end up with a big gap in their coverage. And their insurance agent won't take the trouble to call them or write them a personal letter telling about the big gap that just opened up in their coverage. So, look out! And warn your friends. Ham Not to worry; it's just part of corporate America's full screw the individual plan, brought to you and helped along by the Bush Administration, which doesn't really truly believe in any sort of regulation, except on civil liberties. Many refuse to recognize it. The administration is about eliminating "unnecessary regulation, which is to say all regulation of big business. The credit card industry managed to gain all control and regulation of its dealings with customers and in the process anyone that has any "contract" with big business. They write unilateral contracts and have the power to change and enforce them. They reserve the right to use our judicial system to enforce them but virtually eliminate the citizen access to redress of our Laws and Courts. The food supply is no longer safe. Adulteration of our foods is now allowed to be labeled all natural and so and so on. Big business has gotten every thing on its dream list in the last several years including unregulated oil industry which operates as a cabal. Their definitional of free trade and elimination of unnecessary government etc is survival of the consumer and citizen in the jungle full of their predation. Caveat Emptor is more relevant today than anytime, in history. Our Republic is seriously wounded. Yup! |
#2
posted to rec.boats
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Umbrella policies being gutted by State Farm
nada wrote:
HK wrote: Hamish wrote: I am in California. I just got the renewal bill for my personal umbrella policy, and the "Important Notice" brochure that always comes with it said, "The definition of insured is revised so that a person or organization using an insured's auto, RV or watercraft is no longer covered." So, when I let a valet park my car, he's not covered. If I loan my car to a friend, relative, or neighbor, they're not covered. If my ski boat was running - it isn't right now - and I let a friend drive it to tow me, he's not covered. (Yes, I know that my "underlying" car insurance covers them up to the limits of that policy, but those limits are only enough to pay for a stubbed toe.) I called my agent and she was totally unaware of the change, and asked me to fax her a copy of the brochure. Then, once she called the underwriters, she still seemed unconcerned. She was happy to quote me the increase in premiums to bring each of my car polcies up to the same limits that were formerly covered by the Umbrella. An additional $206 per year. I will pay the money, because I own a home and it is vital that I remain insured up to a high limit. I have taken the trouble to write this post because I think that a lot of other people will fail to read the "Important Notice" (the brochure is 17 pages long), will simply write the check like they do every other year, and will end up with a big gap in their coverage. And their insurance agent won't take the trouble to call them or write them a personal letter telling about the big gap that just opened up in their coverage. So, look out! And warn your friends. Ham Not to worry; it's just part of corporate America's full screw the individual plan, brought to you and helped along by the Bush Administration, which doesn't really truly believe in any sort of regulation, except on civil liberties. Many refuse to recognize it. The administration is about eliminating "unnecessary regulation, which is to say all regulation of big business. The credit card industry managed to gain all control and regulation of its dealings with customers and in the process anyone that has any "contract" with big business. They write unilateral contracts and have the power to change and enforce them. They reserve the right to use our judicial system to enforce them but virtually eliminate the citizen access to redress of our Laws and Courts. The food supply is no longer safe. Adulteration of our foods is now allowed to be labeled all natural and so and so on. Big business has gotten every thing on its dream list in the last several years including unregulated oil industry which operates as a cabal. Their definitional of free trade and elimination of unnecessary government etc is survival of the consumer and citizen in the jungle full of their predation. Caveat Emptor is more relevant today than anytime, in history. Our Republic is seriously wounded. Where do you get this crap? The Onion? |
#3
posted to rec.boats
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Umbrella policies being gutted by State Farm
Dan wrote:
nada wrote: HK wrote: Hamish wrote: I am in California. I just got the renewal bill for my personal umbrella policy, and the "Important Notice" brochure that always comes with it said, "The definition of insured is revised so that a person or organization using an insured's auto, RV or watercraft is no longer covered." So, when I let a valet park my car, he's not covered. If I loan my car to a friend, relative, or neighbor, they're not covered. If my ski boat was running - it isn't right now - and I let a friend drive it to tow me, he's not covered. (Yes, I know that my "underlying" car insurance covers them up to the limits of that policy, but those limits are only enough to pay for a stubbed toe.) I called my agent and she was totally unaware of the change, and asked me to fax her a copy of the brochure. Then, once she called the underwriters, she still seemed unconcerned. She was happy to quote me the increase in premiums to bring each of my car polcies up to the same limits that were formerly covered by the Umbrella. An additional $206 per year. I will pay the money, because I own a home and it is vital that I remain insured up to a high limit. I have taken the trouble to write this post because I think that a lot of other people will fail to read the "Important Notice" (the brochure is 17 pages long), will simply write the check like they do every other year, and will end up with a big gap in their coverage. And their insurance agent won't take the trouble to call them or write them a personal letter telling about the big gap that just opened up in their coverage. So, look out! And warn your friends. Ham Not to worry; it's just part of corporate America's full screw the individual plan, brought to you and helped along by the Bush Administration, which doesn't really truly believe in any sort of regulation, except on civil liberties. Many refuse to recognize it. The administration is about eliminating "unnecessary regulation, which is to say all regulation of big business. The credit card industry managed to gain all control and regulation of its dealings with customers and in the process anyone that has any "contract" with big business. They write unilateral contracts and have the power to change and enforce them. They reserve the right to use our judicial system to enforce them but virtually eliminate the citizen access to redress of our Laws and Courts. The food supply is no longer safe. Adulteration of our foods is now allowed to be labeled all natural and so and so on. Big business has gotten every thing on its dream list in the last several years including unregulated oil industry which operates as a cabal. Their definitional of free trade and elimination of unnecessary government etc is survival of the consumer and citizen in the jungle full of their predation. Caveat Emptor is more relevant today than anytime, in history. Our Republic is seriously wounded. Where do you get this crap? The Onion? You label anything offensive that does not conform to your apparent self interests. Either that or you don't care to look at the facts. I suggest you look at facts with reason and logic and not some allegiance, blind or otherwise. |
#4
posted to rec.boats
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Umbrella policies being gutted by State Farm
nada wrote:
Dan wrote: nada wrote: HK wrote: Hamish wrote: I am in California. I just got the renewal bill for my personal umbrella policy, and the "Important Notice" brochure that always comes with it said, "The definition of insured is revised so that a person or organization using an insured's auto, RV or watercraft is no longer covered." So, when I let a valet park my car, he's not covered. If I loan my car to a friend, relative, or neighbor, they're not covered. If my ski boat was running - it isn't right now - and I let a friend drive it to tow me, he's not covered. (Yes, I know that my "underlying" car insurance covers them up to the limits of that policy, but those limits are only enough to pay for a stubbed toe.) I called my agent and she was totally unaware of the change, and asked me to fax her a copy of the brochure. Then, once she called the underwriters, she still seemed unconcerned. She was happy to quote me the increase in premiums to bring each of my car polcies up to the same limits that were formerly covered by the Umbrella. An additional $206 per year. I will pay the money, because I own a home and it is vital that I remain insured up to a high limit. I have taken the trouble to write this post because I think that a lot of other people will fail to read the "Important Notice" (the brochure is 17 pages long), will simply write the check like they do every other year, and will end up with a big gap in their coverage. And their insurance agent won't take the trouble to call them or write them a personal letter telling about the big gap that just opened up in their coverage. So, look out! And warn your friends. Ham Not to worry; it's just part of corporate America's full screw the individual plan, brought to you and helped along by the Bush Administration, which doesn't really truly believe in any sort of regulation, except on civil liberties. Many refuse to recognize it. The administration is about eliminating "unnecessary regulation, which is to say all regulation of big business. The credit card industry managed to gain all control and regulation of its dealings with customers and in the process anyone that has any "contract" with big business. They write unilateral contracts and have the power to change and enforce them. They reserve the right to use our judicial system to enforce them but virtually eliminate the citizen access to redress of our Laws and Courts. The food supply is no longer safe. Adulteration of our foods is now allowed to be labeled all natural and so and so on. Big business has gotten every thing on its dream list in the last several years including unregulated oil industry which operates as a cabal. Their definitional of free trade and elimination of unnecessary government etc is survival of the consumer and citizen in the jungle full of their predation. Caveat Emptor is more relevant today than anytime, in history. Our Republic is seriously wounded. Where do you get this crap? The Onion? You label anything offensive that does not conform to your apparent self interests. Either that or you don't care to look at the facts. I suggest you look at facts with reason and logic and not some allegiance, blind or otherwise. I suggest you go back to school and learn how to write in English. |
#5
posted to rec.boats
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Umbrella policies being gutted by State Farm
"Hamish" wrote in message ink.net... I am in California. I just got the renewal bill for my personal umbrella policy, and the "Important Notice" brochure that always comes with it said, "The definition of insured is revised so that a person or organization using an insured's auto, RV or watercraft is no longer covered." So, when I let a valet park my car, he's not covered. If I loan my car to a friend, relative, or neighbor, they're not covered. If my ski boat was running - it isn't right now - and I let a friend drive it to tow me, he's not covered. (Yes, I know that my "underlying" car insurance covers them up to the limits of that policy, but those limits are only enough to pay for a stubbed toe.) I called my agent and she was totally unaware of the change, and asked me to fax her a copy of the brochure. Then, once she called the underwriters, she still seemed unconcerned. She was happy to quote me the increase in premiums to bring each of my car polcies up to the same limits that were formerly covered by the Umbrella. An additional $206 per year. I will pay the money, because I own a home and it is vital that I remain insured up to a high limit. I have taken the trouble to write this post because I think that a lot of other people will fail to read the "Important Notice" (the brochure is 17 pages long), will simply write the check like they do every other year, and will end up with a big gap in their coverage. And their insurance agent won't take the trouble to call them or write them a personal letter telling about the big gap that just opened up in their coverage. So, look out! And warn your friends. Ham 1. The valet company should have their own insurance. 2. Don't loan your car or boat to anyone outside your family. 3. Why should the insurance company cover anyone but you and your family? So what is the big deal? |
#6
posted to rec.boats
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Umbrella policies being gutted by State Farm
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#7
posted to rec.boats
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Umbrella policies being gutted by State Farm
"NOYB" wrote in message ink.net... "JimH" ask wrote in message ... "Hamish" wrote in message ink.net... I am in California. I just got the renewal bill for my personal umbrella policy, and the "Important Notice" brochure that always comes with it said, "The definition of insured is revised so that a person or organization using an insured's auto, RV or watercraft is no longer covered." So, when I let a valet park my car, he's not covered. If I loan my car to a friend, relative, or neighbor, they're not covered. If my ski boat was running - it isn't right now - and I let a friend drive it to tow me, he's not covered. (Yes, I know that my "underlying" car insurance covers them up to the limits of that policy, but those limits are only enough to pay for a stubbed toe.) (clipped) But how does your auto policy cover your watercraft. My insurance agent recently pointed out to me that although my homeowners policy specifically covers a boat up to 14 ft and under 25 hp, that's only while being used in a body of water totally on my property (my swimming pool, maybe?), my boat being used on the navigable river in front of my place is no longer covered as soon as I pull away from my dock. They really want you to spend money to cover each and every thing you might drive even though you can't drive more than one vehicle, etc at a time. Furthermore, I would imagine that their reason to specifically write in the policy that no other person using the vehicle would be covered is to prevent the lawyers from looking for the "deepest" pocket to sue in the event of an accident. Tom G. |
#8
posted to rec.boats
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Umbrella policies being gutted by State Farm
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#9
posted to rec.boats
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Umbrella policies being gutted by State Farm
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