This just doesn't seem right... - Hemi Truck Club
 
Go Back   Hemi Truck Club > HemiTruckClub Community Forums > HemiTruckClub Drivers Lounge (Community Discussions)

Reply
 
Thread Tools Display Modes
 
Old 02-10-2012, 04:44 PM   #1
Director Emeritus
 
HEMI-PUP's Avatar
 
Join Date: Mar 2005
Location: Bellingham, MA
Posts: 7,098
It was a year ago last month that the corner of a large brick building crashed into the back of my truck (see pic below). Actually I was backing up in a blizzard and the truck slid on the snow/ice and I bumped into it at about 3-4 mph.

Anyway, damage was estimated at $1600.00. Got a check from the insurance company for $1100.00 along with the $500.00 deductible I had to pay and the truck was fixed. At the same time I learned that I would be getting the inevitable "surcharge" added to my insurance for the next 6 years because the accident was my fault. So, I filled out the paperwork for an appeal and sent it in along with a check for $50.00 (which was cashed the next day) to the state insurance board. I received a letter from the board a few weeks later informing me that I would be contacted with a date and place for my appeal, sometime in the next 1 to 2 years. Sure enough, my insurance went up an additional $500.00 per year with the included surcharge. How nice.

Fast forward last month and I got notice in the mail that my appeal hearing would be on Friday, February 3rd at 12:00 in Worcester County Courthouse. I brought photos with diagrams I made on my computer (you know they looked pretty cool) and in a nutshell, before I could even explain what happened the board said I won. He could not believe how well I prepared my "case". I will be receiving notification of my surcharges being dropped, the accident off my record and any money I've already paid towards my surcharge would be refunded by the insurance company. Sweet all around! And I'll get my $500 back too (we already paid for this years insurance).

But here is the "doesn't seem right" part:

Let's say I did not win the appeal and had to pay the $500 surcharge every year for the next 6 years, that's $3,000. Then add the $500 deductible I also paid and that's $3500. It only cost the insurance company $1100 to fix my truck. So that's $2,400 EXTRA money that is going into the insurance company's pocket. Again, that's $3500 out of my pocket, and $2400 is extra cash for the insurance company. But the repair only cost $1600.00.

Am I missing something? This just doesn't seem right to me. And keep in mind that I've been driving for more than 38 years without so much as a parking ticket. I've never filed any claim through any auto insurance company. Can you imagine how much I've paid for auto insurance over the past 38+ years?



As I said, this just doesn't seem right!
Attached Images
File Type: jpg Damage4_600.JPG (41.8 KB, 45 views)

__________________
'04 2500 SLT 4X4 QC/SB 3:73 - Weathertech floor liners & vent visors - Fisher 8'HD plow - DELTA tool box - Back Rack - Whelen Guardian - Flowmaster 50 Series HD cat-back system


HEMI-PUP is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 02-10-2012, 04:44 PM   #2
Director Emeritus
 
HEMI-PUP's Avatar
 
Join Date: Mar 2005
Location: Bellingham, MA
Posts: 7,098
It was a year ago last month that the corner of a large brick building crashed into the back of my truck (see pic below). Actually I was backing up in a blizzard and the truck slid on the snow/ice and I bumped into it at about 3-4 mph.

Anyway, damage was estimated at $1600.00. Got a check from the insurance company for $1100.00 along with the $500.00 deductible I had to pay and the truck was fixed. At the same time I learned that I would be getting the inevitable "surcharge" added to my insurance for the next 6 years because the accident was my fault. So, I filled out the paperwork for an appeal and sent it in along with a check for $50.00 (which was cashed the next day) to the state insurance board. I received a letter from the board a few weeks later informing me that I would be contacted with a date and place for my appeal, sometime in the next 1 to 2 years. Sure enough, my insurance went up an additional $500.00 per year with the included surcharge. How nice.

Fast forward last month and I got notice in the mail that my appeal hearing would be on Friday, February 3rd at 12:00 in Worcester County Courthouse. I brought photos with diagrams I made on my computer (you know they looked pretty cool) and in a nutshell, before I could even explain what happened the board said I won. He could not believe how well I prepared my "case". I will be receiving notification of my surcharges being dropped, the accident off my record and any money I've already paid towards my surcharge would be refunded by the insurance company. Sweet all around! And I'll get my $500 back too (we already paid for this years insurance).

But here is the "doesn't seem right" part:

Let's say I did not win the appeal and had to pay the $500 surcharge every year for the next 6 years, that's $3,000. Then add the $500 deductible I also paid and that's $3500. It only cost the insurance company $1100 to fix my truck. So that's $2,400 EXTRA money that is going into the insurance company's pocket. Again, that's $3500 out of my pocket, and $2400 is extra cash for the insurance company. But the repair only cost $1600.00.

Am I missing something? This just doesn't seem right to me. And keep in mind that I've been driving for more than 38 years without so much as a parking ticket. I've never filed any claim through any auto insurance company. Can you imagine how much I've paid for auto insurance over the past 38+ years?



As I said, this just doesn't seem right!
__________________
'04 2500 SLT 4X4 QC/SB 3:73 - Weathertech floor liners & vent visors - Fisher 8'HD plow - DELTA tool box - Back Rack - Whelen Guardian - Flowmaster 50 Series HD cat-back system


HEMI-PUP is offline   Reply With Quote
Old 02-10-2012, 05:04 PM   #3
Director Emeritus
 
MrHemi's Avatar
 
Join Date: Jun 2004
Location: Western NC
Posts: 40,856
Garage
That's why insurance companies have such big buildings and their CEO's make 7-digit salaries

Congrats on a job well done Steve!
__________________
2003 Ram 5.7 HEMI RC 2WD - Supercharged. 520 HP, 14 mpg... SOLD
2006 SRT8 GC AWD 6.1 HEMI - 420 HP, 16 mpg... SOLD
2005 Ram 5.7 HEMI QC 4X4 - bone stock work truck... SOLD
2009 Ram 5.7 HEMI QC 4X4 Laramie - bone stock for now

MrHemi is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 02-10-2012, 05:52 PM   #4
Senior Member
 
MikeHTally's Avatar
 
Join Date: Aug 2007
Location: Tallahassee, FL
Posts: 5,452
Garage
And why we all pay a "hurricane" surcharge.
__________________
MikeHTally is offline   Reply With Quote
Old 02-10-2012, 05:54 PM   #5
Board of Directors-Bill
 
arocketman's Avatar
 
Join Date: Aug 2007
Location: Space Coast, FL/Eastern Shore, Va
Posts: 12,476
Garage

One for the little guy!
__________________
05 QC
BLUE MAX
"Slightly Tweaked"
Just [email protected]




arocketman is offline   Reply With Quote
Old 02-11-2012, 04:04 AM   #6
Retired BOD - Doug
 
RANCHER's Avatar
 
Join Date: Jul 2004
Location: Emory, Texas
Posts: 39,639
Garage
Congrats!! Move to Texas.
__________________

RANCHER is offline   Reply With Quote
Old 02-11-2012, 06:36 AM   #7
Jim-CO Chapter Dictator
 
RockyMtnXpress's Avatar
 
Join Date: Jan 2010
Location: Salida, Colorado
Posts: 2,290
Quote:
Originally posted by MrHemi:
That's why insurance companies have such big buildings and their CEO's make 7-digit salaries

Congrats on a job well done Steve!
Yes! This-this
__________________
RockyMtnXpress is offline   Reply With Quote
Old 02-11-2012, 11:55 AM   #8
Senior Member
 
EVILRAM07's Avatar
 
Join Date: Aug 2009
Location: NEW YORK
Posts: 866
i like when they drop you for no apparent reason..well they said i live to close to the water so i am in a flood zone..it would have to be a really bad storm or hurricane to reach my house but state farm dropped us.
__________________
New ride
2013 Hemi crew cab sport

Gone but not Forgotten
07 laramie 5.7 hemi 4x4 QC Dynatech supermax headers, 4.56 gears, Vararam CAI, Black magic E fan. Alluminum driveshaft JVCnx7000 head unit 2-12" kicker comp, 2-6 1/2" alpine and 2 alpine 6x9 2 fosgate power amps 800 4 ch. &1500 1ch. 20" rims. Flex a lite E fan..160 db train horn. Diablo with custom tune from HEMIFEVER and White Lightning, Fastman throttle body

EVILRAM07 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Premium Vendor Showcase
n2 Speed Edge InTune Edge OCPerformance Parts

All times are GMT -6. The time now is 12:25 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.