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re: I wouldn’t believe it unless I saw it myself. My auto insurance went down in Louisiana.
Posted on 4/28/21 at 9:18 pm to DiamondDog
Posted on 4/28/21 at 9:18 pm to DiamondDog
quote:
quote: Recent legislation on med pay and minimum jurisdiction amounts for jury trial apparently paying off already.
I don’t know what any of this means but cost savings for our budget has me pumped. May not be much to some but that’s dirn near $1,000 a year saved.
It means fewer judge’s strong arming settlements to prevent car accidents from clogging up their sockets and less damages being paid for phantom medical damages that were only being charged on the invoice, but not actually being incurred.
0
Posted on 4/28/21 at 9:19 pm to Mr.Perfect
quote:
Attorneys telling you to keep a line of coverage they can easily scoop up VS being forced to prove negligence. Lol. You have great attorney friends.
Do your thing man.
Just telling you that the med pay is worthless. Any non family member in your vehicle will sue no matter what so why pay $250 per year for $100,000 in Ned may when $250 would buy you an additional $1,000,000 in umbrella
Buddy. Medpay is $34.00 cumulative in my policy over 6 months for $100,000 worth of insurance. I’m not haggling over $6 a month.
My umbrella is $94.00/mo. Nothing is being offset.
Posted on 4/28/21 at 9:26 pm to DiamondDog
quote:
My umbrella is $94.00/mo.
Lol
O
L
Posted on 4/28/21 at 9:29 pm to BamaCoaster
Uninsured coverage included on it. It’s expensive man.
Posted on 4/28/21 at 9:30 pm to DiamondDog
Well you aren’t haggling over $6 per month but I’ll let you go to sleep an idiot.
Recap, you should drop to 300/300/300 because your umbrella would attach at 300 and there is no reason To buy higher primary limits than your excess attachment point. The defense cost is in the primary.
You do not need med pay that high.
You need higher excess limits
Don’t take non legal advice from attorneys
ETA: it’s not $6 per month because you are so wildly out of balance on how to layer coverage you would probably add a million and pay the same as you are today
Recap, you should drop to 300/300/300 because your umbrella would attach at 300 and there is no reason To buy higher primary limits than your excess attachment point. The defense cost is in the primary.
You do not need med pay that high.
You need higher excess limits
Don’t take non legal advice from attorneys
ETA: it’s not $6 per month because you are so wildly out of balance on how to layer coverage you would probably add a million and pay the same as you are today
This post was edited on 4/28/21 at 9:33 pm
Posted on 4/28/21 at 9:40 pm to Mr.Perfect
I have no idea what you’re talking about. The policy total is $34.00 itemized for Medpay. That’s over a 6 month policy term. Tell me what about that I am misinterpreting.
You say you don’t need Medpay but I’m told otherwise. For $34.00 every 6 months the risk seems minimal.
You say you don’t need Medpay but I’m told otherwise. For $34.00 every 6 months the risk seems minimal.
Posted on 4/28/21 at 9:42 pm to DiamondDog
My Tundra insurance is $38.50 a month for full coverage 100/300 $250/500 deductible. Location MS
Posted on 4/28/21 at 9:47 pm to DiamondDog
What you are missing is twofold
1)the reason for it (passengers who aren’t already covered by your medical)
2) what it helps with ( passengers not covered by your medical will not say “oh he’s only got $100,000”... no they sue you and that’s why $1,000,0000 in excess is better than $100,000 in attorney food.
But beyond that I’m trying to tell you that you can attach your umbrella at 300 and the savings from 500 to 300 would probably buy you an additional million in excess coverage.
Look into that and I’ll leave the med pay alone.
1)the reason for it (passengers who aren’t already covered by your medical)
2) what it helps with ( passengers not covered by your medical will not say “oh he’s only got $100,000”... no they sue you and that’s why $1,000,0000 in excess is better than $100,000 in attorney food.
But beyond that I’m trying to tell you that you can attach your umbrella at 300 and the savings from 500 to 300 would probably buy you an additional million in excess coverage.
Look into that and I’ll leave the med pay alone.
Posted on 4/28/21 at 9:48 pm to Mr.Perfect
Even if I drop the insurance to 300/300 and took the Medpay away, it still wouldn’t equal the amount to add another 1M in umbrella. The delta is too large. You’re talking a savings of $25 a month and adding another $86 in cost of umbrella. It’s a -$60 move.
Posted on 4/28/21 at 9:49 pm to DiamondDog
quote:
We moved 15 minutes outside Lake Charles last month..
Zip codes change rates baw.
Posted on 4/28/21 at 9:52 pm to DiamondDog
Unless you just quoted a new policy in 30 seconds you are just refusing help. Fine with me.
You need to ask around for a real personal lines agent because you are buying bad advice and believe it like Biden was legitimately elected
ETA: umbrella is cheaper every level higher or unless I’m misunderstanding you think $60 isn’t worth $1,000,000
You need to ask around for a real personal lines agent because you are buying bad advice and believe it like Biden was legitimately elected
ETA: umbrella is cheaper every level higher or unless I’m misunderstanding you think $60 isn’t worth $1,000,000
This post was edited on 4/28/21 at 9:55 pm
Posted on 4/28/21 at 9:59 pm to Mr.Perfect
I’m telling you I went through all this months ago. State Farm rates for umbrella were $94 for $1M and $178 $2M. I bought 1M because of this.
The attachment point was also minimal between 300/300 and 500/500. I went with the 500/500 because there www value in $200,000 more in insurance for $20 more a month vs paying another $60 for 2M. Nobody is suing me for over $1.5M. I don’t have near the assets. It’s not worth paying another $600-$700 a year for extra $1M
The attachment point was also minimal between 300/300 and 500/500. I went with the 500/500 because there www value in $200,000 more in insurance for $20 more a month vs paying another $60 for 2M. Nobody is suing me for over $1.5M. I don’t have near the assets. It’s not worth paying another $600-$700 a year for extra $1M
Posted on 4/28/21 at 10:06 pm to DiamondDog
Man if you are getting charged that for excess, look around. Holy crap.
I have three vehicles in Metairie with two rental properties and pay $950 for a $3,000,000 umbrella with $1,000,000 in excess UM.
I have three vehicles in Metairie with two rental properties and pay $950 for a $3,000,000 umbrella with $1,000,000 in excess UM.
Posted on 4/28/21 at 10:22 pm to DiamondDog
So you have 2 vehicles.
500k insurance 100k Ned pay a low deductible, And you’re paying 207 a month?
You must be really driving safe.
Damn.
500k insurance 100k Ned pay a low deductible, And you’re paying 207 a month?
You must be really driving safe.
Damn.
Posted on 4/28/21 at 11:05 pm to DiamondDog
quote:
We carry 500/500/500 with pretty much everything maxed. $100,000 medpay, rental, $100 deductible for collision and comprehensive.
Posted on 4/29/21 at 5:49 am to Chad504boy
Did you stay in Calcasieu or move into another parish?
Posted on 4/29/21 at 6:36 am to La Squared
Moved into Jeff Davis
Posted on 4/29/21 at 6:39 am to Mr.Perfect
quote:. no cause the medpay is cheap and will cover deductibles and copays etc.
if you have health insurance on your family drop the medpay
Posted on 4/29/21 at 6:43 am to DiamondDog
quote:
Never thought I’d ever see it happen in Louisiana. Maybe not all of LA is an insurance nightmare. Maybe only the major cities?
Goes by area code and you are correct, it’s not outrageous everywhere in Louisiana
Posted on 4/29/21 at 6:44 am to DiamondDog
quote:
Never thought I’d ever see it happen in Louisiana
We got our property tax assessment from the County Appraisal District in Texas and my property value went DOWN $8k. Almost unheard of. That’s the same as insurance going down in LA
This is after doing a whole home remodel.
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