by: Michael Francis Digennaro - President of "People's Choice Insurance Agency Corp".
Many people today are not aware of the behind the scene of an insurance Companies. Let's begin by saying that we are in an age of technology where "AI" Artificial Inteligence is controlling the industry. Give me an address and I can tell you who lives where, who is licensed as a driver, what accidents or tickets they received. Sometimes the reports come back as who has good credit. This is one of those things I never understood with your credit if your a good driver what else matters. It does matter it's an acturarial science The College of Insurance (TCI) was a specialized accredited college.The problem isn't if you pay your insurance bill every month, the problem is are you responsible enough to handle a claim where it doesn't cost the company a tremendous amount of money once there is a claim.
The perception of many people purchasing a contract of insurance is "I'm paying alot of money and not getting anything out of it".
I do business in states where the fraud rate is so high it hurts the honest people.
Don't do it, be honest with your carrier. Even a claim where the insured registers there car in another state and doesn't live in that state insurance companies know it and they have the right to not pay out on the claim. It's not like years ago were records where not kept. Now by a push of the button the insurance company can tell you if you live there, if you pay taxes there with even the length of time you have benn living in that community. 6:28:13 PM