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Post by Adonna on Sept 29, 2006 14:11:33 GMT -5
wow.
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Post by Chad Manning on Oct 23, 2006 9:04:11 GMT -5
What a wonderful way to start the day.
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Post by Rabbit on Oct 23, 2006 11:02:23 GMT -5
That's why you don't have daughters.....
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Post by Chad Manning on Oct 26, 2006 10:40:09 GMT -5
Here's and intersting one...
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Post by Rabbit on Oct 26, 2006 15:29:32 GMT -5
nice one.
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Post by Chad Manning on Nov 15, 2006 15:35:47 GMT -5
She is homeless and lives out of her car...
This claim came up shortly after a lady who was throwing a fit because we are only paying her $74,000 for her 2006 Land Rover.
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Post by Treat me Fancy-Pants Pavis on Nov 16, 2006 15:25:30 GMT -5
NPR did a special on how rampant car living has become. I never knew that california actually has sleeping permit parking for people that live in cars and need a safe place to park for the night.
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Post by Chad Manning on Dec 18, 2006 8:53:31 GMT -5
From one of our special investigators... We received some interesting information regarding a new website. This website provides individuals with "alibis". What this means to us is that they can provide individuals with ticket stubs, flights reservations, receipts and a number of other forms of documentation and "verification". They also provide phone numbers for alibi witnesses. Here is what they say about themselves, “Alibi Network is a cutting edge full service agency providing alibis and excused absences as well as assistance with a variety of sensitive issues.” The company will work with the client to customize virtually whatever they need to back up their story. The company says they draw the line at alleged murder alibis - but then, they are in the business of setting up professional lies, so….. If their services are needed very often, the best deal may be the $75 a year membership. This is something that you can pass along to your teams as a reminder to make sure that we are reviewing and confirming the documentation that we receive from customers! Let me know if you have any questions! www.alibinetwork.com/index.jsp
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Post by Chad Manning on Dec 20, 2006 17:20:00 GMT -5
On a theft claim, the insured claimed the following personal items:
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Post by Chad Manning on Jan 3, 2007 9:58:17 GMT -5
BTW - never believe this. If you have insurance, they will defend you against crazy people like this.
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Post by Chad Manning on Feb 28, 2007 12:26:50 GMT -5
What a mess!
Our INSD is employed by Mr. Payne. Mr. Payne is very wealthy and owns several hotrods. Our INSD decided to drive one and ended up totaling it out. He made a claim, but even though it is not covered, our manager (who recently quit) accepted the claim. This is a 1934 Ford Roadster, fully restored, with full chrome upgrades, a super powered engine, and a $15000 paint job. Mr. Payne originally got a deal on this vehicle and paid $50K for it. The manager offered him $32K to start and then came back with a second offer of $40K. Now the manager is gone and the guy is very upset. I called a specialty dealer and they say the veh would probably sell for $65K- $70K. Lucky me, this all got dropped in my lap this morning. It sounds like it will be a fun day!!!
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Post by Rabbit on Feb 28, 2007 13:46:09 GMT -5
So what do you do?
If I understand correctly, your company is responsible for the car, since it was a company man that wrecked it. Right?
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Post by Chad Manning on Feb 28, 2007 17:36:39 GMT -5
Well, it is a tricky claim. Under the personal auto policy, you are covered for any damage you are directly responsible for while operating a motor vehicle within your policy limits. However, there are some exclusions in teh personal auto policy. If you are involved in the accident while ingaged in business operations, then the damage would not be covered (because it would be covered under the business insurance). If the vehicle is made available for your regular use, it is excluded because premiums have not been paid for your regular use and the risk associated with the regular use of the vehicle. If you have not been given permission to use the vehicle in question (Theft or unauthorized use) then it may not be covered.
In this case, we have established that he was driving it for his employer (though the customer has not provided any documentation that it was not business related use), the INSD appears to have regular use of the vehicle, and the employer (Mr. Payne) may not have authorized the use of the vehicle. To make things worse, Mr. Payne is threatening to fire our INSD if we don't pay him what it is worth.
What is it worth? Mr. Payne only paid $50K for it. The guy who built it says it is worth $60K. An independent dealer says it would cost $65K - $75K to replace. The standard personal auto policy only pays the ACV (actual cash value) meaning what the specific vehicle would sell for in pre accidetn condition in the general market. The policy does not pay for replacement, just the actual value. However, there is no real market for this type of vehicle.
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Post by Chad Manning on Mar 1, 2007 17:55:03 GMT -5
For those interested, he settled for $54K. We just have to get the title sorted out now.
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Post by grant on Mar 2, 2007 9:19:30 GMT -5
what a sucky situation.
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