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When I reported what was missing I tried to be as accurated as possible with the insurance company. They did not take anything off for depriciation. I know I had bought alot over the years in large lots at yard sales swap meets ect. so the actual value in todays market is pretty high but then again I think the agent said 90 days to turn in the receipts so I can't shop around to save every nickle like I did in the past. Does anyone know if Cabelas is open in Louisville yet. I feel like my insurance agent did his best to take care of me with this situation. The Boat insurance now I don't feel reel good about but we will see what they come up with. I will give them a full review when settled.
Senior Member
You are probably not going to replace everything you had but with some thought get a good selection of gear. Take it season by season and write down what you would normally throw and with what rod you used. Keep your colors on crankbaits simple like shad, crawfish, fire tiger, citrus, root beer and buy these colors in several brands. Same with jigs and plastics, green pumpkin,watermelon,junebug,black and blue, pumpkin.
Senior Member
Let me be clear..........Originally Posted by sawinlogs
NOTHING wrong with being wrong and missing stuff...but jacking up the price to cover the deductible, or buying 15 dollar baits, turning in the receipts, and taking them back and buying something is unethical, immoral, and THEFT.
NOT implying anything here.
ON another note.....I had lots of my stuff stolen a few years ago. I went through the stolen stuff, and created a list of replacement costs from BPS. When I called my agent, they asked if I would accept exact replacement products provided through their national claims service. I said sure....anything to save some money.
Long story short. I had provided the correct documentation, and then the agents and claims processors saved about 40% off the actual prices I got quoted from BPS. THE Claim covered my losses through BPS, yet, I had the claims adjuster order every single piece of equipment for me. NOT only did I pay less than the claim amount, but they cut me a check for the difference.
Insurance companies are continually dealing with people trying to RIP them off. I guarantee you they have seen every trick in the book, and another little hint, if you have a less than stellar credit rating, THEY will question everything. Right or wrong, they will, that is just the way it is.
Just be up front with them, and get your **** back.......don't allow the insurance company to screw you, but also, in turn don't try to screw them.......
Later,
Geo
Senior Member
i mean its not a completely legal way or idea but c'mon. The man lost years of fishing gear which i would assume he's not going to be able to buy the majority of it out right.....and with as much money insurance company's take in on what the average amount they pay out in claims....its rediculous....I just got my truck totalled last november at no fault of my own and ultimately got mulled over by the insurance company...i'm not saying that justify's that action by any means, but play the game to your advantage because nobody else is going to look out on your behalf.....not to mention how many of us have ever bought a used a vehicle and claimed a lesser purchase value to save money in the transferring process....that could be considered evasion\fraud.
Member
I agree with being upfront with the insurance co. Sure they are a buisness to make money but tring to rip them off isn't going to help replacing things if I have a loss in the future or paying my rates. Like you said I want my stuff back the best I can get it back and I think so far they have done that for me. If I would of had the option for them to buy the stuff for me I would have done that for sure. Thanks again for the help I am goin to BPS to look around a bit today.
Mark
Senior Member
It's nice you aren't having any issues with the insurance company regarding the value. One thing to be aware of though fellas, is a lot of companies are putting a maximum amount per item that will be paid, and tackle boxes are included as one item. It doesn't matter how many lures or whatever you have in there, they will still only pay up to that maximum limit, which a lot of companies have around $1,000. so be careful and read your policies guys, and maybe don't store more than $1,000 worth of stuff in any one container (but who actually has that much money in lures in ONE tacklebox?!?) I suspect more homeowners policies will be following suit, as a lot of boat policies have this established for fishing and/or personal equipment.
Senior Member
well hopefully man the insurance treats you right and takes care of you..that alot of times depends on how hard your agent will work for and with you...hope the best for you in however you go about it........and JUST TO BE CLEAR....yes i do believe honesty is always the best policy....but on the same hand with certain dealings i believe you have to play the game to your advantage because whether its insurance, government,..whatever have you...their going to play the game to spend as little as possible to keep the profit margins at a high regardless of whether you get raked over the coals or not..now im not saying go and falsify everything you had and lying about all details across the board, but do what you have to do to make sure youre taken care of...and if the insurance is straight forward and takes care of you in an honest fashion then thats great and there's no real need to look at other actions ..but in the cases where that isn't the case, well then...play the game....thats all i'm saying. BUT, to label that action as immoral or unethical because youre trying to take care of yourself is a bold statement..........under that same philosophy i guess we'd have to label all the ol' shiners,..those who kill a game animal to feed a family with no permit or tags...someone who takes a second job with under the table wages....well, they're just flat out immoral and unethical.....rediculous...you have to consider the circumstances.
I agree with GEO. Your best off playing it fair and square.
You also have to consider the CONSQUENCES.
Risk management 101: Better to try to take 3 more fish than the limit to provide a meal, and save $10 bucks at the grocery store, or pay the $100 fine and costs if you get caught.
Swipe a $5.00 fishing lure at Wally World, vs possibility of $100 fine, misdemeanor charge, and you name in the newspaper?
Just say, JMHO beavis and butthead - breakin the law - YouTube
Wow...great insurance company. Which one was it? I might have to do some shopping.
Something to bear in mind if an "at falut" driver hits your car and causes damage. While your insurance company may hold your feet to the fire for the deductible, "his insurance company can't". And you can file a claim thru his company. If they deny that claim, you have even a stronger case in small claims court, where you may get your deductible back so long as you have a good police report, and can clearly document that you had to pay the deductible amount to get your ride fixed/replaced as a result
of the other guys negligence. And if the guy was uninsured, again, total up your deductible, your time, and out of pocket expenses and hit small claims court. The fact he was uninsured and driving means he was violating state law, and again, the court will probably be on your side.
And claiming a lesser amount when you buy a used vehicle to pay less property tax on it, is a good way of getting screwed by your insurance company if you do have an accident. You've lowered the value of the insured property, and documented that on your acceptance of registration which means the couple bucks in tax you saved will be eaten up again by your deductible, and by the fact the insurance company may just decide to pay a claim based on actual documented value, which as you said would be less than you paid for it.
Not beating you up dude, sharing this stuff with you so you won't set a bear trap by what you do today that you may walk into later down the road.
Senior Member
bob i completey understand what you and geo are saying and im not fully disagreeing... i just think different circumstances can heed different actions thats all....... and i dont take it as you beating up on me, just constructive debate.
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