Another Insurance rant....

It seems interesting that I write this post on the heals of the American Health care reform bill. Almost a year ago I made a post about insurance and titled it "Insurance a False Sense of Security". I talked about all kinds of insurance and how in some cases the policies aren't worth the paper they are written on.

These past few weeks hubby and I have been on road trips. Those road trips have taken us off road. I recognize that if I choose to take my vehicle off road I should be willing to suffer the consequences should anything happen to my vehicle. Thank goodness nothing happened, well not until we got back onto the highway. I was travelling in the outside lane and a vehicle behind a dump truck when it kicked up stones which of course hit my windshield and caused it to crack. Dang!!!!

I pay higher insurance premiums to lower my deductible. Here is my beef...deductible. Why on earth should we have to pay deductible in the first place. I already pay my insurance premiums, but if I want to make a claim I have to pay the deductible. That just doesn't seem right to me. What's the point of getting insurance if you still have to pay in the end? It's not right....and I don't know why there is no public outcry. To me this is a shear rip off by the insurance companies. These companies are making record profits.

- Allstate insurance in January 2009 reported consolidated revenues were $6.6 billion in the fourth quarter of 2008 and $29.4 billion for the 2008 year
- Geico reports a $649 million underwriting profit for 2009

These are only two insurance companies but every company I researched showed profits....multi-million dollar profits.

I was astounded when I read about all the tactics these companies use to either not pay a claim, delay a claim, or pay out as little as possible.

Now I recognize this is their business, but I pay premiums and I expect what they say they will cover and not only that I don't believe I/we should have to pay a deductible to make a claim. That is criminal to me

I feel like Micheal Moore when he goes to the big corporations demanding his money back, or that commercial where people are shouting out their windows "it's my money and I want it now", or better yet...why aren't we writing letters to the powers that be telling them how in just this is and demanding that deductibles become a thing of the past.

Well that is my rant for today. I don't know if I will get my windshield fix...not yet anyhow. I just hate the thought of paying the deductible to get it fixed.