|
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
None
More Insurance articles
DO YOU HAVE A INSURANCE SITE?
Want to trade links? Learn more - click here
See our list of recommended resources - click here
|
Stay Updated!
Be the first to know when I add a helpful resource to this site. Join our "Insurance Updates" mailing list
Please type your name and email address into the box below and click on the "JOIN" button.
We HATE spam. Your details will be kept strictly private and never shared with anyone. You may cancel your subscription at any time.
|
|
|
Home
News
Articles
Links
Material on this site is provided for information purposes only. It is not meant to be a substitute for professional advice. The information should not be used to diagnose or treat a health problem or disease, make investment and financial decisions, or to prescribe any medication. In case of doubt, promptly contact a qualified professional for advice.
Copyright © 1997-2006, All rights reserved. Privacy policy.
Text, graphics, and HTML code are protected by US and International Copyright Laws,
and may not be copied, reprinted, published, translated, hosted, or otherwise
distributed by any means without explicit permission. Legal notices
Guydz.com (TM)
2/28, O'Shanecky Street, VIC 3062
Fax : (612)-903 2671 E-mail : webmaster @ guydz.com
URL : http://www.Guydz.com/
|
|