A Short Preview:
“Please remember that your insurance company
owes you a legal duty of ‘good faith’ and fair dealing.”
~ Matt Hale, “Auto Insurance Shenanigans”
By Catherine Austin Fitts

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I had a friend get hit by an uninsured motorist that ran a red light. She was pregnant with her 5th child and had brain damage brain surgery and could do math at 2nd grade level.
The uninsured policy did not benefit them at all.
So back 30 years ago I was young and saw an infomercial on this guy “givens” who sold a $200 three ring binder on how to buy theses things with definitions of the words at the beginning.
At age 26 I got my first financial advisor who was fee for service and when he looked at everything in my life he said I had done well with insurance. I had followed this book at did not so uninsured but knew my collision would cover if I couldn’t cover things.
I was hit by a car riding a bike 6 years ago life flighted etc and I only got 100,000 because the kid only had that much insurance.
So I am thinking this through now in light of the increased accidents and think I want disability insurance that I can get paid for my disability. How would uninsured be better than just having that??
There is not enough space here to cover this topic thoroughly. Disability insurance is its own can of worms. The probability of getting in a collision by an uninsured and not being left disabled but with a stack of medical bills is high. Disability insurance kicks in usually for a period of time when you cannot do your own occupation then when that benefit exhausts, you have to prove you cannot do any occupation. Disability insurance companies love to use these definitions to not pay claims.
I had a friend get hit by an uninsured motorist that ran a red light. She was pregnant with her 5th child and had brain damage brain surgery and could do math at 2nd grade level.
The uninsured policy did not benefit them at all.
So back 30 years ago I was young and saw an infomercial on this guy “givens” who sold a $200 three ring binder on how to buy theses things with definitions of the words at the beginning.
At age 26 I got my first financial advisor who was fee for service and when he looked at everything in my life he said I had done well with insurance. I had followed this book at did not so uninsured but knew my collision would cover if I couldn’t cover things.
I was hit by a car riding a bike 6 years ago life flighted etc and I only got 100,000 because the kid only had that much insurance.
So I am thinking this through now in light of the increased accidents and think I want disability insurance that I can get paid for my disability. How would uninsured be better than just having that??
There is not enough space here to cover this topic thoroughly. Disability insurance is its own can of worms. The probability of getting in a collision by an uninsured and not being left disabled but with a stack of medical bills is high. Disability insurance kicks in usually for a period of time when you cannot do your own occupation then when that benefit exhausts, you have to prove you cannot do any occupation. Disability insurance companies love to use these definitions to not pay claims.
This has been a most illuminating discussion. I will be looking for an insurance broker. I have home and car insurance through Liberty Mutual, but now am wondering if a smaller company would be better. I must admit, as many times as I have looked at my policies, I don’t think I understand them at all. Thank you Matt Hale and Catherine for your great intelligence.
This has been a most illuminating discussion. I will be looking for an insurance broker. I have home and car insurance through Liberty Mutual, but now am wondering if a smaller company would be better. I must admit, as many times as I have looked at my policies, I don’t think I understand them at all. Thank you Matt Hale and Catherine for your great intelligence.
Thank you for this informative interview. We will be increasing our protective coverage.
J.D. Power does an auto claims customer satisfaction study every year. I don’t know if it has value but I like to review it. Here is a link to the most recent one.
https://www.jdpower.com/business/press-releases/2023-us-auto-claims-satisfaction-study
Thank you for this informative interview. We will be increasing our protective coverage.
J.D. Power does an auto claims customer satisfaction study every year. I don’t know if it has value but I like to review it. Here is a link to the most recent one.
https://www.jdpower.com/business/press-releases/2023-us-auto-claims-satisfaction-study
Great interview for someone who has been hit by others six times (and still recovering years later). It would be great to have a sample car insurance policy which shows the coverage and wording. My last company would not disclose the information my attorney filed about my accident because the information (which I had 100% supplied to him) belonged to him. The attorney was a real piece of cake too.