RE: [BikeWashingtonDC] Stolen Bike
- monte@... wrote:
>> And perhaps that's a relatively low-cost way of discovering thatmust be
>> you have a terrible insurance company....
>> I filed a claim (burglary) with a company about 25 years ago (crap, I
>> old -- how'd that happen?) and they covered it but non-renewed me atrenewal
>> time -- it took me about 15 minutes to find a replacement insurer,which I
>> recall ended up being cheaper.Sigh. I wouldn't belabor this tedious subject but for the fact that
dangerous advice is being given that affects what is, for most people,
their primary asset.
You may find it helpful to actually read the article.
I know I did. For example:
"....Another factor [in the rise of claim-related cancellations] was the
emergence of the comprehensive loss underwriting exchange (CLUE) and
similar databases that keep records of claims -- even mere inquiries --
whether they're paid or not. Originally CLUE was used mostly for fraud
detection, but more insurers now consult it about legitimate claims.
Companies, according to Heller, "no longer look at the individual; they
look at a database." The number of claims to trigger non-renewal varies
from insurer to insurer (state regulations also apply), but can be as
little as two claims over three years..."
This suggests that (a) Experience from a quarter century ago is probably
not relevant in 2005 and (b) If you're unattractive to one insurer
others will consult the same database and may decline to insure you as
In other words, filing small, unnecessary claims can be a cheap way to
find out you're really screwed.
- Passing the word along:
Chris' bike looks like that:
The qualitative "racing" attached to the noun "bike" should give you a clue of the magnitude of the loss...
chris militello <mort.bootmill@...> wrote:
From: "chris militello" <mort.bootmill@...>
Date: Sat, 4 Aug 2007 12:29:23 -0400
Subject: [HyattsvilleBikersUnite] Stolen Bike
I am being reactive here so I apologise in advance. My Cannondale Super Six racing bike was stolen from my front porch on the corner of 36th and Longfellow at about 11 am Saturday August 4th. It is black with big white lettering outlined in red. It have Mavic wheels and a large computer the size of a check book on the handlebars. The handlebar tape is bright pink so it should be easy to identify. If you see it please call Hyattsville police dept and me. I made a police report as soon as I noticed it was gone.
cell 202 271 2253
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