Insurance joke but true

A lawyer from Hartford, CT insured his cigar collection, including against fire.  Of course after smoking them he made a claim saying they were destroyed in a series of fires. Well although the judge did not like it, on paper it did say the cigars were insured against fire and fire damage. The Hartford insurance company had to pay the claim. However, once he cashed the check, well he was arrest on arson charges with the insurance company having his sworn statements that he started the fires which destroyed his own property that he insured.

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Tags: Hartford insurance, Insurane joke

You will not drive much in the future

The world is running out of oil and as a result you will not drive as much in the future. I am an American that lives in Poland and I have not had a car in 10 years, well I had a car in Poland for a few weeks but it cost too much. Gas prices are out of control. In Poland more than the USA, but in the USA it will be 15 dollars a gallon. And at 15 dollars a gallon, remember you read it hear, you will not drive. It is supply and demand. The demand is so high supply production can not keep up. Further the total supply is running low. We will not run out of oil in 10 years, but the law of supply and demand will push prices up to where they should 15 dollars a gallon. In Poland prices of gas are about 10 dollars a gallon. And I do not drive. I take a train or walk. With trains everywhere in Poland why would I need to drive. This will be the future of the USA. We fought two wars in Iraq to get oil and it make no difference. American will have to drive less.

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Tags: driving, Oil, Oil prices

New Auto technology

There are two new technologies out that can improve driving safety, they are lane departure alerts and collision warning systems. The first technology warns drivers when they are leaving a lane with vibration or visual or audio cues. This lane departure auto technology seems simple but if you consider how many accidents are caused by lane departures it is estimated that it could save, lives. About 1/2 million US accidents are caused by lane departures and 10 thousand lives are lost each year. The collision warning system is just what it sounds like, alerts drivers when it perceives a potential frontal crash. Frontal crashes account for about 40 percent of the auto accidents. For me personally car safety is a major factor in car purchases and any technology that can reduce the risk of accident is well worth its weight in gold. I am curious is auto insurance companies will give discounts for such technonolgies if they prove effective in the long run.

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Tags: Auto Insurance, Auto technology

Auto insurance fraud

One quarter of the drivers could have invalid insurance. 26% of UK of the drivers in the UK have an auto insurance information that was reported and is false. This means if they are found out, their auto insurance could be invalid. The most common things things that car owners lie about are their the mileage, what that they do, where they live, past claims, where the car is parked, and of course points on their license. Cutting corner, pun intended seems innocent until you are caught. Auto insurance companies have huge departments set up just to investigate these types of things. It seems innocent but what it does is puts drivers in insurance risk categories that are lower than the rest and therefore unfairly gives these car owners discounts on auto insurance. They are usually not found out unless, there is a car accident and an insurance claim detective looks deeper into the insurance policy for some reason. And certainly this auto insurance fraud is not on the same scale as other types of Auto insurance fraud. But it is a form of fraud.

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Cheapest Toyota to insure

What is the cheapest auto insurance model our of the Toyota brand? 4 Runner, Avalon, Camry, Highlander, Land Cruiser, Matrix ,Perunner, Prius, RAV4, Sequois,Sienna,Tacoma, Tundra are the models of Toyotas. Although insurance rates vary from company to company, state to state etc, the cheapest model of Toyota to insure can be the Avalon. For liability, safety and damage the Toyota Avalon, as excellent statistical ratings. For safety alone it can have a 30% discount because, not only is it built well but also the drivers of the Toyota Avalon car tend to be safety. Actually all the Toyotas ranked well, with perhaps the lowest being the popular Toyota Corolla being the lowest statistically for sfaty etc, because of its size compared to the bulkier Toyota models to insure. To drive, I prefer the Camry as it is more in my budget, but the Avalon is king when it comes to the cheapest Toyota to insure.

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Tags: Auto Insurance, Insurance, Toyota

Jobs that get auto insurance discounts

When it comes to car insurance discounts, not all auto insurance companies are the same and even the same auto insurance companies can vary from state to state in terms of auto insurance discounts. However, there are some job groups which generally get in fewer accidents and get a discount on auto insurance. This list of safest drivers in terms of professions is listed best to least, but all in the top and can usually get car insurance discounts, especially if you seek companies that give discounts in auto insurance.

1. Farmer
2. Firefighter
3. Pilots
4. Politicians
5. Housewife

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Most expensive cars to insure

The following is a list of the most expensive cars to insure when comparing auto insurance rates:

1 Mitsubishi Lancer Evolution
2 Mercedes CL-Class
3 Dodge SRT-4
4 Subaru Impreza WRX
5 Jaguar XK (convertible)
6 Lexus IS 300
7 Honda S2000
8 Acura RSX
9 Nissan 350Z
10 Jaguar XJ
Every one of these cars are high priced and sporty. In my previous posts I have written the reasons why cars are expensive to insure, therefore I will not go over that. Basically if you have the money to sport around in one of the expensive cars listed above you have the cash to insure it.

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Tags: Auto Insurance, car insurance

Least expensive cars to insure

Cars are cheap to insure when they are large, conservative and not sporty. The following is a list of the top ten least expensive cars to insure.

1 Volvo XC90 - By far the least expensive car to insure, based mostly on crash statistics and safety.
2 Chevrolet Malibu Maxx3 GMC Safari - Large family mini bus, this is safe and a soccer mom car - which it is one of the cheapest cars to insure.
4 Buick LeSabre - Large and conservative.
5 Nissan Pathfinder Armada -2004 Large tank.
6 Pontiac Montana -Family wagon low cost to insure because its a family car.
7 Mazda MPV -Mini van.
8 Ford Thunderbird - Large, safe, driven by low risk divers, therefore not expensive to insure.
9 Pontiac Montana - Mini van.
10 Ford Taurus -wagon - I think this is one of the least expensive cars to insure because its a family car, its favored by family drivers and family drivers drive safe.

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Liberty Mutual insurance buys Safeco insurance

Liberty Mutual insurance company is a very well run insurance company, the management team is top. I believe Liberty Mutual’s objective for buying Safeco insurance is to create value from Safeco’s slack lines. Management at Liberty mutual is solid and I think it will not be hard for them to extract greater value from Safeco then the current management team in place now at Safeco. Safeco’s main weakness was from losses experienced in its auto insurance lines.

Liberty mutual will move from position six to position five in terms of property and causulaty insurance companies. I beleive that insurnace is going through a long term conolidation and similar to banking in the 80s, the insurance industy will find an equilibrium with more effciently run multi state insurance companies.

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What determines how much a car is to insure

Factors such as your demographics (age, gender etc), your location, your driving record are obvious. However, the make and model of your car will determine how much your auto insurance will cost.

The cost to insure your auto is determined by 4 factors:

1. Horse power - the bigger the engine the more chances you will drive fast.
2. Cost of repair - the higher the price tag of the car, the greater liability, therefore greater collision-damage costs.
3. Bigger is sometimes better - statistics show contrary to popular wisdom that small sporty cars outmaneuver accidents, statistics show the converse is true.
4. Boring is better - family cars get a discount when it comes to auto insurance. Why? Simply because these family vehicles, often times boarding between autos and tanks, get in much fewer accidents. When it comes to family driving, families drive safer.

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Tags: Auto Insurance