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---------------------------------------------------------- Permission is granted for the below article to forward, reprint, distribute, use for ezine, newsletter, website, offer as free bonus or part of a product for sale as long as no changes are made and the byline, copyright, and the resource box below is included. ---------------------------------------------------------- Do NOT File a Home Insurance Claim
By Stephen Bucaro
You can PAY for home insurance, but don't try to actually USE your home insurance or you may be blacklisted by the insurance companies. The home insurance companies only want to TAKE in money, not PAY OUT any money. On Jan. 2, 2003 CBS Evening News exposed a scheme by home insurance companies to blacklist customers who file claims.
According to the CBS Evening News report, the insurance industry uses a secret system called CLUE (Comprehensive Loss Underwriting Exchange) to blacklist customers who actually try to use their insurance. The system was originally set up to help companies detect fraud, But now it's being used in a scheme to blacklist customers who use their home insurance.
Several home insurance companies say they are blacklisting customers who file claims because "claim losses outweigh premiums". But consumer advocates say a look at the companies financial records shows they are in financial trouble because of big Enron and Worldcom stock market losses.
According to the CBS Evening News report, if you try to make a claim on your home insurance, you could be placed on the Insurance Industry Blacklist for five years. During that period you will either be forced to pay outrageous premiums, or you will be without insurance. If you try to sell your house, you will find it is unsellable, because it is uninsurable.
Your best option is to continue to pay your home insurance premiums, but if something happens, like a pipe breaks or a storm damages your home, pay to fix it yourself. Do NOT make any claims against your homeowner insurance policy or you may be blacklisted by the insurance industry. The home insurance companies only want to TAKE your money, not PAY OUT any money. ---------------------------------------------------------- Resource Box: Copyright(C)2002 Bucaro TecHelp. To learn how to maintain your computer and use it more effectively to design a Web site and make money on the Web visit http://bucarotechelp.com To subscribe to Bucaro TecHelp Newsletter Send a blank email to bucarotechelp-subscribe@topica.com ----------------------------------------------------------
