They didn't factor in depreciation? That's odd, especially for the HU. I had to take a loss of 20% because my HU was a year old when it got stolen. But I still did end up upgrading to a better HU for 50cdn.

 

Bottom line here is if you dont have the protection for stereo equipment added on to your policy you get jack regardless of how much you paid or did not pay.
I have not gotten a policy in the last 8or so years that protected against theft from items inside the vehicle. They charge extra for it.

Now about the fraud thing yeah its bad but think about how many policy's they have out there versus claims against policys...
How many people file claims and how much money is dumped into the insurance people's hands for doing basically nothing month after month after freaking year after year.

Lets say some lady gets insurance at 16 pays 130 till she is 60 for no accidents. that is a total of around $68460.00 dollars for 44 years of driving???? Who is taking who here. Yes it is peice of mind that you would be covered anyway. But for that money can you be guaranted if and when you get in an accident that your car insurance co will not try and pull wool over there eyes and make you end up getting less then what you paid in? Hell yeah you better believe it they are gonna screw you tell you that your car has only this amount of damage and they are only going to pay this much.
The whole world is a big scam against one another. Its all about who gets screwed first.

IF IT DON"T MAKE DOLLARS IT DON'T MAKE CENTS!!!!

 

Some insurance covers current value and some covers replacement costs (which means you can acutally LEGALLY get more than you originally paid for the item if it is hard to replace or more valuable now). As far as the insurance rates go over a lifetime.... I wouldnt have a problem knowing that I'm paying $50K-100K over the course of a lifetime if I knew the insurance company would actually pay out rather than trying to screw me out of money. As far as blue LEDz, doing illegal things because you feel that you have a right to "get back" at big business is still illegal. And grey areas like intentionally breaking a device to take advantage of a loophole in an extended warranty might not be illegal, but its pretty freaking shady. Also, what did Best Buy ever do to you? If you talk about high prices etc, you have no leg to stand on. Remember you choose to buy stuff there. If you dont like them, boycott them. People bitch about the high prices of CDs in relation to their prodution costs. Are CDs too expensive? YES, does that give me the RIGHT to download songs off KaZaa? hell NO, all it does is give me the right to not buy CDs. People have to learn that just because they think something is too expensive or a rip-off, doesnt give them the right to just take it instead. That only hurts the honest people with a sense of morality.

And speeding is not the same as stealing. Thats a strawman arguement. There's a reason why laws differentiate between different levels of crime. Are you saying I should be able to kill you? You commit fraud, and thats the same thing?

 

All CEOs, CFOs and Cblah blah blahs aside... You think the guy in the cubical working for minimum wage selling you a policy is out to screw you? You think the 12gs you've paid to the insurance company over the last 5 years is going to cover your 3 month hospital stay and rehab when you crash into a telephone pole because you couldn't see straight because the radio in your car is sooooo damn loud? No.

The insurance co. is an at risk provider (financially), despite the gobbs of money we throw at them every year. If everyone who had a policy filed a claim, the insurance companies would need to file chapter 13. The fact is that we all belong to a client pool. The fewer claims filed by the pool to which you belong, the cheaper your rates.

Aren't there any actuaries out there to help explain this?

 

Here's my take on this all, I sorta happen to agree with blue ledz even though his reasonings a bit off (no offense) I don't think that people should pursue getting a bit more money because the insurance companies are screwing them (but u must admit, while not true in every case, more often than not, they are), and definitely not because of the worse crimes that are occuring. But I think that if you truley have something stolen, there should be some type of compensation to make up for the time you are without what has been stolen, the fact that it might be something that can't be replaced, and the trouble you have to go through replacing and dealing with the situation. Being robbed feels like you've been molested.

Not to sound like an angel or anything, cause I definitely don't consider myself one, but since this is illegal I don't think I would do it, but I think there should be something legally that allows for some type of extra compensation. The biggest problem I have though, is that burning down you're house and claiming it on insurance because u can't afford to pay, and asking for an extra 200$ for a new HU because of the trouble you have to go through is really the same offense, and it's a slippery slope since you can't draw the line on which is right and which is wrong.
Anyways, i think I've said enuough, and it's "if it don't make dollars it don't make sense"

Shayne
p.s. I'm dead tired so sorry if my rant is unreadable

 

You guys just don't get it. You belong to a client pool. The more claims you (the pool) submit, and the more frivolous and expensive, the higher your rates will be. Its a cycle. Your rates go up, you feel cheated, you cheat the insurance co, and your rates go up -duh. Think "outside the car" (get it, instead of outside the box). Talk about having blinders on. Some people just don't see the big picture (or only one side of it).

Besides, as others have noted, unless you have a policy that specifically covers additional audio equipment, you won't get jack for that autotek or power acoustic amp.

I think it would be in the best interest of the original poster not to commit fraud, as the origional deck that comes with the car has a 550+ (US) replacement cost anyway. I'm guessing that's far more than the replacement deck that was stolen -lol!

 

And as far as the agent that drives a 110k+ car, you need to find a new agent. You do know they work on commission, right?

 

Sorry, I must have missed that part about the stock HU.

As far as the walmart incident, what were you doing at walmart? All kidding aside, the same thing happened to me. The reason you (and I) had to pay the deductable is that there is no other party to cover it. Your rates won't go up, but since there is no one else to pay for it, you need to -unfortunately.

I was at a bar one night. My wife and I walked out to the car and the bumper was laying on the ground. Someone had caught the edge, then backed away and tore the whole thing right off. There were witnesses and I filed a police report, but still had to pay the 500 bones for the deductable b/c we never found the person who did it. My rates didn't change though. Instead of blaming the insurance co, you should blame the person that either hit your car, or stole your stuff.

Likewise, my wife was in a hit and run. We had to put up the dedutable to get the car fixed, but once the police found the guy, the money was refunded.

Insurance is a racket. But that doesn't make it right to abuse the system. After all, it will come back to bite you in the *** (ie higher rates, less coverage...).

I suppose we could go back and forth for ever. But to save time and energy, I suppose its best to agree to disagree.

p.s. You could always suck it up and buy a lower deductable for like 50 a month. LOL!!!!! Not. I thought about it, but it wasn't worth it. 600/yr to drop 250 from my deductable, now thats funny.

 

Go find yourself a wife!!!! My insurance was cut in 1/2 when I got married, and I wasn't even 25.

BTY, I was paying 200/mo on a 4 year old geo metro (with a clean record) -now that's comedy.

Women, can't live with 'em, but can't afford the deductable!!!!!

Well, I'm outy. Have a good weekend.