Top Of My Head

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Tag: insurance law

Good News and Bad News

The way the media made last November’s election sound, you would think that our newly elected officials were actually going to do the right thing. Instead, the people who were elected promising to bring jobs to Wisconsin passed the bill lowering the standard for the minimum auto insurance – a passing that will not actually lower anyone’s premiums. There was nothing in there that said the insurance companies would actually have to lower rates.
I’m mad because I have carried extra insurance for years. The raising of the minimums meant good news for me. If I am injured in an auto accident, I’ll be covered by my own and by the offenders insurance. The minimums that were in place were such that in the case of a serious accident, I shouldn’t lose my house if I can’t work. Well, no more.
Thanks a lot, elected officials. Thanks for nothing.
That’s the bad news.
The good news is in Washington a bipartisan effort rejected an extension of the poorly named Patroit Act.
Both the White House and the GOP leadership are upset by this, but I don’t care. It needed to be done.
Now, let’s move on to creating some jobs!

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Wisconsinites: Call Your Senator – important Auto Insurance Vote Tomorrow…

I just found out about this, which is why I’m writing on a very important vote on such short notice.  The REPUBLICANS in the Wisconsin Senate want to return our car insurance minimums back to old levels.  They THINK this is a good idea, but like most things the Republicans in this state decide to do, it is a bad idea.

Yes, they will still require that all Wisconsinites carry Auto Insurance, but the minimums will be $25,000 per person and $50,000 per accident.  Now, I have always carried the current legal limit of $100,000 and $300,000, so my insurance after the change in the law did not go up.  However; Republicans are claiming that this caused premiums to go up to too high of levels for poor people – like they’ve ever given a damn about poor people before – and they want to drop the coverage.  Do you really think the insurance companies will drop the current premiums?  I’m betting not.

I don’t want to pay for someone else’s mistake.  I am a good driver and a safe driver.  I haven’t had a speeding ticket in years.  I can control my auto insurance premiums by continuing to be a safe driver.  In fact, the only raises I’ve paid was one for purchasing a newer car and an under $10.00 raise on my premium.  I want every one to have to carry enough insurance to cover hospital bills.  A night in the hospital can cost $5,000 – if it is a serious enough accident, you could spend a lot more – 5 nights in the hospital and the coverage from the person who caused the accident is gone.  You’re out of money and left with unpaid hospital bills and, most likely, no money from the work that you have missed.

This is what the Republicans think you deserve.  I’m betting you want that vote from November back now.

Call your Senator.  Click here to find out who it is.

I suggest you read these two articles to familiarize yourself with the changes the Republicans want to make.  If you don’t call, it’ll pass and you can kick your good coverage goodbye and show nothing for it.  My “favorite” part is this:

“Under this bill, when your spouse is hit and seriously injured by an underinsured driver, your insurance company will be “let off the hook” for not having to cover you for the full amount you thought you purchased. Insurance companies will be allowed to cleverly insert “reducing clause” language into the fine print; this will reduce their exposure for losses in spite of the fact that they’ve already collected premiums from consumers.” (see article here)

And, according to another article, Wisconsin still pays the fourth lowest amount for car insurance.

Thank you, know-nothing Republicans.  You wouldn’t know a good idea if it slapped you across the face!

http://www.nbc15.com/news/headlines/Wisconsin_Lawmakers_To_Debate_Reducing_Car_Insurance_114198704.html

http://www.prnewswire.com/news-releases/truth-in-auto-insurance-repeal-hearing-scheduled-at-breakneck-speed-according-to-the-wisconsin-association-for-justice-114143869.html

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