Thursday, August 17, 2006
The Taxing Insurance Dilema
Franklin , Tennessee - I actually had someone ask how insurance companies are doing their customers wrong. OK Grasshopper , here's the lesson for the week.
Ass you know , a house gets appraised for monetary value and a tax is placed on that house for that appraised amount. The home owner naturally wants a high appraisal because it makes the house more valuable , while at the same time dissagreeing with the amount of taxes to pay.
The insurance companies love high appraisal values because that ups the insurance premium costs for the customer. So , what happens when the customer needs the insurance to step in when SHIT hits the fan ? The insurance company pays out 30% of what the actual damage is , even though the customer was paying 100% on the insurance premiums. Or , they just flat out refuse to pay and make up some kind of justifiable excuse to cover themselves so you have to sue them in court for years , just to see one dollar. Then , to make sure the insurance company really shafts their customer , they drop that person without warning , which can actually make things almost impossible to get insurance from another company.
Now , do you understand why thousands of people are currently sueing State Farm ?
This is today's buisness world ethics in the insurance industry
Ass you know , a house gets appraised for monetary value and a tax is placed on that house for that appraised amount. The home owner naturally wants a high appraisal because it makes the house more valuable , while at the same time dissagreeing with the amount of taxes to pay.
The insurance companies love high appraisal values because that ups the insurance premium costs for the customer. So , what happens when the customer needs the insurance to step in when SHIT hits the fan ? The insurance company pays out 30% of what the actual damage is , even though the customer was paying 100% on the insurance premiums. Or , they just flat out refuse to pay and make up some kind of justifiable excuse to cover themselves so you have to sue them in court for years , just to see one dollar. Then , to make sure the insurance company really shafts their customer , they drop that person without warning , which can actually make things almost impossible to get insurance from another company.
Now , do you understand why thousands of people are currently sueing State Farm ?
This is today's buisness world ethics in the insurance industry
