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August 31, 2009


Debt Cancellation Income

Watch out for those fender benders!

ducati bike insurance

Yes I agree. But also if it is only cosmetic and the price to fix it is below the excess I don't think it is worth it.


This is great, first time I have seen this blog but the information here is amazing, I will definitely be back. Insurance myths cause so many unneeded problems. I write insurance articles as well. I bet we would have a lot to talk about.

Mike- One Dollar Globe Insurance

Insurance Adjuster License

It is generally believed that the insurance rates are increased after reporting an incident. But not reporting them can lead to a bigger loss. So even the minor things should be reported to avoid risking your policy.

Chicago Auto Insurance

If you want a surefire way to increase your premiums, send in a claim when you get in a fender bender. Happened to me first hand.

Life Insurance Broker

Many new drivers think that putting their parents name on the policy and adding themselves as a named driver is a good way of keeping costs down. This is known as fronting and is actually illegal and can affect your cover.

Insurance can be really expensive for a new driver, so many think about insuring their car in a parent's name and adding themselves as a named driver - a practice known as 'fronting'.

A surprising number of people believe this is a simple way to bring down the price of insurance for a young motorist, but actually it is against the law. In fact, fronting invalidates an insurance agreement, so if you're in an accident then you could find yourself without cover.

Insurance Paper

Sump pump and sewer back-up riders are commonly missed on policies

Steve Benedict

That old saw about not turning in a claim has been going around since I was a kid and I'm 61 now. I think I heard it as " Don't turn in a claim or it'll raise your premiums." Some myths never die. It must be a generational thing.

Jason Withrow

Very interesting --- I've seen many cases where clients are completely miss-informed and a need a lot of educating. Thanks for the nice articles!

Big Bad Insurance Tsar

There are tons of other myths out there too, like red cars cost more to insure. They're bogus and totally ridiculous. The flood insurance myth is the biggest, though, and probably the most harmful. Great article.


These articles are very interesting. I work in an insurance company in France and these myths are exactly the same !

Thanks for this excellent blog.

Cary White

On August 26, 2009, the Supreme Court of California adopted Rule of Professional Conduct 3-410 which requires lawyers without professional liability insurance to provide written disclosure of their lack of coverage to all new clients and returning clients with new engagements at the time of the client’s engagement. This new rule goes into effect January 1, 2010. Meanwhile, a debate rages in Texas whether they should adopt a similar rule. During that debate, these myths and others are being propogated by well intenioned individuals fighting the new rules.


Another common myth is that your homeowners insurance policy covers flooding...this is definitely not the case and has probably cost a lot of homeowners over the years.

Arizona Auto Insurance

I would say the enough clients have seen their auto insurance rates increase after filing a claim that many are conditioned to try and avoid filing claims, when possible. At least it's a thought that crosses their mind.


Good article, I learn something every day. Thanks.


"I don’t have anything, so I don’t need insurance" <- That's a good one, who comes up with this stuff anyway??? Thanks for these articles!

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