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Brian Said:

MOTOR INSURANCE: AN ALTERNATIVE, CO-OP?

We Answered:

You can self-insure by depositing £500,000 as per the Road Traffic Act 1991 (it used to be only £15,000 under the 1988 Act):

"144 Exceptions from requirement of third-party insurance or security

(1) Section 143 of this Act does not apply to a vehicle owned by a person who has deposited and keeps deposited with the Accountant General of the Supreme Court the sum of £500,000, at a time when the vehicle is being driven under the owner’s control."

April Said:

my friends dad was killed in a motor cycle accident five years ago the accident was not his fault he was teste?

We Answered:

They say this to try and get out of paying anything
.
Cause if you look at their stock showings it ain't all that good
/
And they got ta save every buck they can
.
The doctor tox report on the blood would of shown any presets of alcohol in the blood
.
And that hospital is required by law to notify all parties that are involved of the blood results
.
Being the Police Insurance companies both of whom have a request standing for any and all test done on the persons body
That may of had any kind of effect of the performance of that person
.
And to with hold any evidence is punishable by law on the hospital and all involved
.
Next time they give any kind of static as to not wanting to pay Tell them that the blood test came back negative and that hospitals are required by law to notify the police of any foreign substance in the blood of any such
.

Victor Said:

Anyone recently received a shock with there insurance renewal?

We Answered:

My insurance premium went through the roof at renewal. I called the insurance company and got a good reduction after a few minutes on the phone. Give it a try, call them and negotiate.

Joann Said:

Can you change a beneficiary on a life insurance policy through the mail?

We Answered:

I have changed beneficiaries by mail before without a problem. However you should call John Hancock customer service for the proper address so that your request ends up in the right place and to verify that the form you found is acceptable (you don't mention if the beneficiary change form is a John Hancock form or a generic form you found on the internet)

Edwin Said:

Pay-as-you-drive auto insurance: do you think this is a good idea?

We Answered:

General Insurance Agent

I'm sorry but you and the linked Los Angeles Times article have totally misunderstood the entire matter. It is not "Pay as You Go. All Insurers already consider your annual estimated mileage. Most people estimate 13k to 20k or so miles a year as their average. So some of us underestimate and others over estimate on our insurance appplication. An insurer currently rarely ever requires you to verify your annual mileage.

Most people never even update the application they signed years ago when they first applied for insurance. In the end it all pretty much washes out in the claims presented to the company,

For those who currently overestimate their annual mileage, Knowing the actual miles driven can help them save some money.

With the guy featured in the article as an example, He probably originally had all three of his vehicles rated for regular use. Since he's only one guy and can't drive all three vehicles simultaneously, he can have one vehicle which is probably his daily driver rated fro regular use, the other two vehicles can likely be rated as occassional use and/or recreational use easily resulting in the savings mentioned.

Anyone with multiple vehicles can do the same, Just talk to your agent about it.

The drivers at the highest risk for an accident and other claims are young drivers and drivers who live in concentrated population centers regardless of the miles driven. Not people who drive more miles.

This is not any exciting revolutionary new concept, in fact it's not anything new at all, it's not a new type of coverage or concept of coverage and it's not a pay by the mile system.

It is however, A good publicity stunt on the part of the named insurer and it's sister company.

Take Care.

Joann Said:

does anyone have the group# for general motors insurance? retired gm worker from Fairfax, Kansas?

We Answered:

This site may help: http://www.gm.com/retirees/benefits.html