Posted On: April 25, 2008, 6:56 am CDT

Posted By: Jake

Fred,

Yes insured's do get to choose there deductible in personal lines insurance. Depending on the coverage (comprehensive only) they can choose, and pay for in premium $$, a zero deductible. With that being said, why should anyone be able to buy a $500 or $1k deductible at a reduced rate be able to have the same loss with the same damage as someone that has paied the higher premium for the zero deductible and have the claims examiner write a check out for the same amount to be paid to both customers?

Just because the insurance industry has billion $$ companies does that mean that they have the extra money to just give out in lue of deductibles? NO, it means that that Billion $$ company has many more customers and in fact will be at a higher risk bf loosing money in situations like this. You act like just because there are billion $$ companies in the industry that they industry is shady. The fact is that insurance companies are one of the most highly state regulated companies and if we as insurance companies were doing something wrong, there are very heavy penalties.


About your part 3:
just like any type of business in this world, if you want more business, you have to portray a valuable image to the public. Maybe instead of inflating repair orders in an effort to hide deductibles, repair shops could take action that is good for the community, advertise, sponsor the local baseball team, ask for referrals, and network a little.....all these things will increase the shops visibility and reputation, thus getting more business in the door.

Lastly your involvement in the industry:
I am sure you are in the indusrty, but as to what part??? I'd say you are a public adjuster....let me know because now i'm interested.