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

I consider it of great importance that every subscriber who drives a car or is a passenger in a car listen to this interview—and that means just about everyone. This interview with attorney Matt Hale, a long-time contributor to the Solari Report, can save you a great deal of time and money and perhaps your life.

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63 Comments

  1. With special nod to Garrett B. Gunderson over at Wealth Factory, my insurance philosophy is:

    Insure the catastrophic, pay cash for the inconsequential.

    Transfer as much catastrophic risk as possible to your local, reliable (& as Matt Hale mentioned perhaps a non-publicly traded) insurance company.

    I have AAA also. For auto I have MAXED out PIP and Uninsured/underinsured at 500k/1MM – I also pay for a total loss replacement rider which will pay for the current new cost of my car if it’s totaled. I also have home insurance with AAA & a 1MM personal umbrella policy. It costs me an extra $160 annually for the umbrella coverage. It did go through underwriting, but that is a small price to pay to transfer an additional 1MM in risk in my opinion.

    Just ask your agent (in person) to run the numbers and purchase as much coverage as you’re allowed by your jurisdiction. You will be amazed at how little the extra coverage costs you and you can decide if it’s worth the extra cash.

    This is entirely opposite of what most people do – they economize and cut back on insurance when times are tough (as Matt stated in the interview).

    I do get irked by the nuisance premium increases every 6-12 months though. Perhaps this is due to the increased cost of EV claims and reckless endangerment and accidents we are seeing on the roads now.

    I highly recommend this interview! It’s OUTSTANDING. Thank you Matt and CAF 🙏

    1. FWIW, I currently have $2mm uninsured motorist coverage with a $250 deductible. It is possible to get. I am certainly going to be finding out how that blends with the rest of the limits which seem to me need increasing.

    2. Thank you! Good advice. Love the replacement rider will look into that!

  2. With special nod to Garrett B. Gunderson over at Wealth Factory, my insurance philosophy is:

    Insure the catastrophic, pay cash for the inconsequential.

    Transfer as much catastrophic risk as possible to your local, reliable (& as Matt Hale mentioned perhaps a non-publicly traded) insurance company.

    I have AAA also. For auto I have MAXED out PIP and Uninsured/underinsured at 500k/1MM – I also pay for a total loss replacement rider which will pay for the current new cost of my car if it’s totaled. I also have home insurance with AAA & a 1MM personal umbrella policy. It costs me an extra $160 annually for the umbrella coverage. It did go through underwriting, but that is a small price to pay to transfer an additional 1MM in risk in my opinion.

    Just ask your agent (in person) to run the numbers and purchase as much coverage as you’re allowed by your jurisdiction. You will be amazed at how little the extra coverage costs you and you can decide if it’s worth the extra cash.

    This is entirely opposite of what most people do – they economize and cut back on insurance when times are tough (as Matt stated in the interview).

    I do get irked by the nuisance premium increases every 6-12 months though. Perhaps this is due to the increased cost of EV claims and reckless endangerment and accidents we are seeing on the roads now.

    I highly recommend this interview! It’s OUTSTANDING. Thank you Matt and CAF 🙏

    1. FWIW, I currently have $2mm uninsured motorist coverage with a $250 deductible. It is possible to get. I am certainly going to be finding out how that blends with the rest of the limits which seem to me need increasing.

    2. Thank you! Good advice. Love the replacement rider will look into that!

  3. I live in a beach community in NJ. I work from home. When I use my car its scary. People are not paying attention.

  4. I live in a beach community in NJ. I work from home. When I use my car its scary. People are not paying attention.

  5. I thought I knew more than I actually do about both insurance & electric vehicles. Very illuminating discussion I did not expect! As far as drivers and driving goes; there is no question both are going down hill fast. Started w/the plandemic. Must be coincidence!

  6. I thought I knew more than I actually do about both insurance & electric vehicles. Very illuminating discussion I did not expect! As far as drivers and driving goes; there is no question both are going down hill fast. Started w/the plandemic. Must be coincidence!

  7. Best to ALWAYS drive with a QUALITY front & back dash camera ….and another hidden camera recording the same as well ..in the event your visible dash cameras get stolen from your vehicle while you lay in your car injured. Hide your purse inside the car while driving…dont leave it on the passenger seat where it’s visible to passerby folks. In Los Angeles, I’ve heard gals gets their purses stolen from inside their cars by bystanders while the gals sit injured in their car before the cops get there. So, plan ahead. It’s a terrible culture these days, so plan strategically.

    1. Hi Cheryl, sound advice. It has been years since I tried to solve the problem of having an always on recording front and rear video recording cam. At that time, all the tech was absolute junk. I learned years ago by watching Russian driving videos that the only protection that Russian drivers ever had was to record everything all the time the vehicle was on.
      In the commercial transportation industry, there are cameras that are installed permanently in semi trucks.
      Have you identified a viable technology for this need?

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