Rich Hauswirth
You heard me correct! I’m hot under the collar about these “1-800 AUTO INSURANCE ORDER TAKERS” who sit in their cubicles all day and speak to faceless consumers in all 50 states. Do you really think that these strangers in headsets care one way or another if you buy $15,000 or $500,000 worth of auto insurance? NO, they do not!
The fact remains that if you are sued because you cause an accident and the judgment exceeds the limit on your policy, you will be held personally liable. The court can grab assets, garnish wages and place a lien on your home.
Recently, our friends at Geico were found guilty on a class action law suit for not offering proper limits on their web site to NJ consumers under the Personal Injury Protection (PIP) health coverage option. Many of their customers who were involved in auto accidents had bare bones medical coverage and were stuck with huge bills to pay by themselves. The settlement was in the tens of millions of dollars. They don’t care!
We believe it is best to offer you a choice when it comes to coverage and when it comes to your insurance company. Our office has several companies to select from when it comes to your auto insurance. We offer several different coverage options to choose from for your liability, medical (PIP) and comprehensive and collision deductibles.
You do not have to settle for bare bones coverage in order to save a few bucks. At Hauswirth & Sons Insurance, you do have a choice.
Rich, You are so right about this. I called them up one night to get a quote. I carry limits of $$500,000. The maximum GEICO would offer me was $100,000 per person/ $300,000 per accident for bodily injury and $50,000 for property damage. The rep then went on to tell me I’d never need that much coverage anyway. How could that person predict whether or not I’d ever be sued for a million dollars? How dare that person, for the sake of making a sale, expose my house, my savings and all of my other assets to these infinitely greedy trial attorneys?
I was talking to a friend of mine who works in management at an insurance company based in upstate NY recently and he told me that many of the “real” insurance companies are thinking of filing a class action againt GEICO because their underinsured motorist losses have skyrocketed due to all these “direct” insurance customers having minimal coverage.
This woman, “Flo” who works for Progressive is another classic example of this. When she goes on TV, bats her pretty little eyes, and tells people to “name their own price” she is in effect telling them to reduce coverages to get the premium to where they want it. An uneducated and unsuspecting consumer who doesn’t understand the need for adequate liability limits is indeed setting themselves up for bankruptcy.
People need trusted advisors like you or me when they make these very important financial decisions.
John Mason
Great info! Keep it coming spread the word