The Force Placed Insurers also act as Insurance Trackers, keeping the Loan Servicer’s cost per loan far below the actual cost by systematically ripping off every consumer who owns a vehicle or home. The entire process is fraudulent and everyone involved belongs IN PRISON!
Think of it this way…if your voluntary insurance cancels because you didn’t pay your $1000 premium, why is the Insurance Tracker charging you $4000 for their proprietary policy rather than just paying the $1000 to reinstate your voluntary policy. The answer is because they are committing fraud and forcing their services onto consumers and tax payers rather than price shopping insurance.
So it’s OK for drivers to zoom around with no insurance ? Why should I have to pay for uninsured motorist insurance ? People who deliberately drive without insurance are the ones who need to be tossed in jail and their vehicles impounded and put up for sale or sent to the crusher.
I’m guessing that people who get forced placement insurance are probably bad risks anyway. A couple of times in my life, I could not afford insurance. I parked my car and took the bus.
BTW I usually save up my money to buy a car rather than finance the vehicle.
The Force Placed Insurers also act as Insurance Trackers, keeping the Loan Servicer’s cost per loan far below the actual cost by systematically ripping off every consumer who owns a vehicle or home. The entire process is fraudulent and everyone involved belongs IN PRISON!
Think of it this way…if your voluntary insurance cancels because you didn’t pay your $1000 premium, why is the Insurance Tracker charging you $4000 for their proprietary policy rather than just paying the $1000 to reinstate your voluntary policy. The answer is because they are committing fraud and forcing their services onto consumers and tax payers rather than price shopping insurance.
So it’s OK for drivers to zoom around with no insurance ? Why should I have to pay for uninsured motorist insurance ? People who deliberately drive without insurance are the ones who need to be tossed in jail and their vehicles impounded and put up for sale or sent to the crusher.
I’m guessing that people who get forced placement insurance are probably bad risks anyway. A couple of times in my life, I could not afford insurance. I parked my car and took the bus.
BTW I usually save up my money to buy a car rather than finance the vehicle.