Insurer refusing to process my son's claim because we own the title

[Markthebroker]

its like me taking a life insurance policy on Trump......

Interesting. That's a bit of a small stroke to the left

 

[Tahoe Ray]

Didn't realize the insurance industry had folks with about as much conscience as a loan shark. Sleep well, and I'm sure you do.

This is irrelevant to insurance policies when it comes to CONTRACTS.

This isn't a "feelings" business. It is a contract/policy based business. No different than any other industry where you agree to terms and sign an agreement.

 

[Markthebroker]

Didn't realize the insurance industry had folks with about as much conscience as a loan shark. Sleep well, and I'm sure you do.

You're welcome for the time we took out of our day to help you with free advice.

 

[Tahoe Ray]

Interesting. That's a bit of a small stroke to the left

The app says "2 or more TIAs"...all good.

 

[Markthebroker]

Didn't realize the insurance industry had folks with about as much conscience as a loan shark. Sleep well, and I'm sure you do.

Hey look everyone, I found an old group photo of us.

 

[Tahoe Ray]

Look, you may all be wonderful fellows. I get it, my guard was down for myriad reasons, I lost. That's the way the game is played. I need to go into any proposition like this realizing that no one is truly on my side in this industry, and they are all looking for ways not to pay a claim. That's business. That's life. For some people. Can somebody please tell me how I can unsub from this group.

You still don't get it.

Your son didn't tell your agent pertinent information. That's not on your agent or the industry, that's on your son.

It's not a game and carriers pay out billions in claims annually.

They're just not going to pay out something that was never insurable in the first place because of an insured's omission.

 

[Markthebroker]

Look, you may all be wonderful fellows. I get it, my guard was down for myriad reasons, I lost. That's the way the game is played. I need to go into any proposition like this realizing that no one is truly on my side in this industry, and they are all looking for ways not to pay a claim. That's business. That's life. For some people. Can somebody please tell me how I can unsub from this group.

If you want to look at it that way, that's up to you. What really happened is your son tried to enter into an agreement to receive money if something he didn't own was stolen or damaged - what most people would call fraud. If you want to blame the agent, or the whole industry- I wish you luck in life.

If you don't want to participate in this group any more, just stop coming on this site, or there may be an "unwatch" feature at the top.

 

[STIBROKER]

Didn't realize the insurance industry had folks with about as much conscience as a loan shark. Sleep well, and I'm sure you do.

we sell contracts...did you read the contract.....

 

[adjusterjack]

the car has been totaled and the insurer is refusing to process the claim unless he gets the car titled in his own name.

That's right. I'll cut to the chase here. Nobody's fleecing anybody. And it wasn't up to the agent to check the title. Your son signed an application for insurance that had the following (or similar) question:

"Any vehicle not registered or titled to the applicant?"

A yes answer would have held up the insurance until the car was titled and registered in your son's name.

A no answer could be construed as a material misrepresentation and result in getting the claim denied and the policy rescinded.

But that's not happening. The insurance company is willing to pay the claim as soon as the title is transferred to your son. That's as simple as a trip to the DMV.

I don't know what that has to do with your bankruptcy but, if you have to, you can as the trustee to allow the transfer of title since the car is a total loss and no longer has any value.

 

[fed up]

Allstate agents are required to ask for a copy of the registration, that is part of the initial application. If the customer does not produce the registration, that's on the client and many never produce the registration. Let's reverse the scenario. You own the car and the check is made out to your son and he spends it on new Nike sneakers. You are out a car, he is out of a ride, and you would be complaining that your son didn't own the car.
Many families do this to save premium be ause the address for the insurance does not match with where the vehicle is registered and that zip code has higher rates. That is rate evasion and I'm sure that is not your case. Just take the title to the DMV and add his name to the registration and title. You can also gift the vehicle to him and there is usually no tax involved