The insurance industry doesn’t want you to read this. They don’t want you figuring out you’ve bought insurance that is virtually useless to you. They will stop their gavels and yell that to adopt a broader view, one that actually provides more people with coverage, that it will drive up insurance rates; but I don’t see how. If they are honest with themselves they will admit their argument is total bull.

Blog Category:

I-35 I-80 I-235 I-380 Collisions/Accidents

2/8/2010
Steve Lombardi
Comments (0)

Ohio's low end coverage, so easy even a caveman consumer can buy into it.

Yesterday we discussed how those people with greed on their minds, have engineered legislation to overturn the Ohio Supreme Court’s attempt to enforce the law that applied the broader view of coverage.

The insurance industry doesn’t want you to read this. They don’t want you figuring out you’ve bought insurance that is virtually useless to you. They will stop their gavels and yell that to adopt a broader view, one that actually provides more people with coverage, that it will drive up insurance rates; but I don’t see how. If they are honest with themselves they will admit their argument is total bull.

HOW DID THIS HAPPEN TO OHIO’S AUTO INSURANCE?

Here is what your Ohio legislature more than likely did when it decided to turn its back on you. Your representatives voted with 165 companies CEO’s and voted against the interests of the 11,485,910 people who live in Ohio.  As you can see it takes only a small number of companies controlling campaign contributions and threatening economic havoc for a state legislature to put aside the interests of the electorate. Iowa has only 142 companies, Alaska only 47, Massachusetts only 23, Maine 97, Michigan 88, New Jersey 81, West Virginia 80 and Wyoming 84.  I think tomorrow I’ll do a comparison with the low limit states as compared to the number of companies in each of those states.

Now consider the bigger picture. There are roughly 1,500 car insurance companies in America. According to the U.S. Census Bureau there are 308 million Americans who call this place home.  Do the math and you’ll see how few CEO’s it takes to corrupt the national consumer process.

WHAT’S WRONG WITH LISTENING TO INSURANCE EXECUTIVES WHEN SETTING THE LOWEST POSSIBLE COVERAGE IN A STATE?

Allow me to use an example that should make sense to most people with an ounce of common sense. Say you have to save money for Christmas gifts. And you make the decision in January to start saving money to buy your kids Christmas gifts for the next Christmas season. If you wanted to get advice about how to save money would you go to gamblers or the loan sharks for advice about what you should do? You probably wouldn’t trust either for the right financial advice, since the gamblers never have enough money for the necessities of life and you can’t trust what the sharks say because they will say and do anything to get your money into their pockets.

THE ANSWER ISN’T LOWERING INSURANCE STANDARDS WITH FADE-AWAY COVERAGE

Well that’s what happened when the Ohio legislature took advice from the insurance industry on this issue. The Ohio legislators didn’t protect those they were elected to protect. Instead they took advice from the financially illiterate and those corporate CEO’s in line to make bonuses if they could boost the corporation’s bottom line selling phony insurance coverage, which I refer to as fade-away coverage. Is this any way to set public policy? Should our elected officials be taking advice from the financially illiterate and those who have much to gain from insuring very little?

WHY DO PEOPLE FALL FOR THIS?

I’m not exactly sure but maybe this commercial is trying to tell us something about the way they view consumers in general.

Welcome to Oiho. Oh wow did I write that backwards? Sorry about that.

Crappy Consumer Insurance: USAA’s Fade-Away UM Coverage –Disserving the US Military, Steve Lombardi | February 07, 2010 12:01 PM | 0 Comments Des Moines, IA , If it benefited our servicemen and servicewomen would you mind if today I was really cruel to an insurance company? Here goes, USAA is un-American and sets such a low standard that they should be...

Ohio’s UDM Coverage: Consumers Being Sucker Punched! The Never-Pay UDM Auto Policy, Steve Lombardi | February 05, 2010 8:01 AM | 0 Comments Des Moines, IA , Ohio must be using the new math? For two days now (Here count them using your fingers, one and two.) we’ve discussed how the Ohio legislature got together with their insurance buddies and...

Ohio Underinsured Coverage – They took it away and still charge you a premium., Steve Lombardi | February 04, 2010 8:01 AM | 1 Comment Des Moines, IA , Yesterday we covered underinsured coverage in Ohio and specifically the minimum limits type of insurance. Those minimum limits are $12,500. We found out the broad view was rejected and the narrow...

It Really Sucks Being in an Auto Accident in Ohio, Steve Lombardi | February 03, 2010 12:01 PM | 2 Comments Des Moines, IA , I thought of titling this piece Underinsured Motorist Coverage, The Narrow View fits Narrow Minds, but really I couldn't because in reality it just sucks to be a Buckeye. Don’t mind me the...

Ohio Insurance Companies – These are the companies that sold out the 11 million Ohioans.

 

21st Century

Acuity

AIG

AIU

Alfa

Allied Property & Casualty

Allstate

AMCO

American Bankers

American Commerce

American Family

American Family Home

American Fire & Casualty

American Home Assurance

American Modern

American National

American Select

American Service

American Standard

AMEX Assurance

AMICA

Atlantic States

Auto-Owners

Bristol West

Buckeye State Mutual

California Casualty

Celina Mutual

Central Mutual

Charter Oak Fire

Cincinnati

Cincinnati Equitable

Citizens

Commerce & Industry

Dairyland

Donegal Mutual

Economy

Electric

Employers Mutual

Encompass

Erie

Esurance

Farmers

Federal

Financial Indemnity

Firemans Fund

First Acceptance

First Liberty

Foremost

Founders

Frankenmuth Mutual

Garrison

GEICO

General Casualty

German Mutual

Globe American

Grange

Granite State

Great Northern

GuideOne

Hamilton Mutual

Hartford

Hastings Mutual

Home-Owners

Horace Mann

IDS

Illinois National

Infinity

Insurance Company of the State of Pennsylvania

Kemper Independence

Liberty Mutual

Lightning Rod Mutual

Markel

MeraStar

Metropolitan

MIC Insurance

MICO

Mid American Fire & Casualty

Mid-Century

Middlesex

auto Commentary coverage credit fade-away coverage insurance iowa lawyer Lombardi low limts low-end Ohio

Welcome to the Lombardi Law Firm website. Knowing your rights and how to protect yourself is important. Always be alert to risks that can cause you injury or get you killed.  Steve Lombardi provides commentary and insight on this blog, The Verdict and also writes for the Iowa Edict and on occasion on the Des Moines Register web site. Steve Lombardi has more than 30 years in civil litigation including death and injury cases for workers and their spouses for all types of accidents and injuries. Attorney Steve Lombardi is a personal injury lawyer. Join us in making the world a safer place. (515-222-1110 or sdlombardi@aol.com )
Steve Lombardi, lawyer




There are no comments.

Post a comment

Post a Comment to "Ohio's low end coverage, so easy even a caveman consumer can buy into it."

To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."

Name:*

Email:* (will not be published)

Website:

Message:

Notify me of follow-up comments via email.

For security purposes, please enter the graphic text in the box below: [hit F5 if you can not read the text]

Road ConditionsCheap Gas

Quick Contact

Name *

Phone *

Email *

Tell us more *


Lombardi Law Firm
1300 37th Street, Suite 6
West Des Moines, IA 50266
Phone: 515-222-1110
Toll Free: 800-383-0331
Get Directions

Search


www.lombardilaw.com
Web

News

view all

FAQs

I-35 I-80 I-235 I-380 Collisions/Accidents

What should I do if an attorney is trying to overcharge me for an auto accident case? On July 2010 I was rear ended while on duty. That day I was transported to the hospital and scheduled a follow-up with the workers comp doctors. Upon several visits the doctor advised that neck and hip pain were pre-existing, so I decided to get a Lawyer. I went to Lawyer A, who has represented me up until Nov 2011. On November 19, I received an email from Lawyer A, who advised me the insurance company wants to settle my case for $12,500 with me receiving $5,000. I advised Lawyer A that price would not work, because I have been seeking treatments (message therapy, and acupuncture) using my personal insurance. I did not know when I was using my personal insurance, depending on how the treating doctor codes it, the insurance company can seek for me to pay them back in the future (information told to me by Lawyer A’s staff) . In addition, Lawyer A’s staff advised me to not go back to my worker’s comp doctor because my bill was too high, and for me to see a personal injury and car accident doctor. When I advised Lawyer A that did not want to settle my case with the insurance company for $12,500 with me receiving $5,000, Lawyer A offered me $6,000. I advised Lawyer A that price would not work as well and I would contact their office at a later date. I then found Lawyer B, explained the entire situation to them and signed an agreement with them and terminated Lawyer A due to me not being satisfied with the services they provided me throughout the entire time. Almost a month later Lawyer B contacted me advising me that I was untruthful and they are deciding to not take my case because per the insurance company Lawyer A settled my case for $12,500 on November 19th, and a check was already overnight to Lawyer A’s office. Now that was unbeknownst to me. I then contacted Lawyer A and their staff advised me the insurance company was in a rush and just mailed them a settlement check in attempts to clear their books before the end of the year.

Can I sue the policy holder for injuries or just the driver? I was in an accident and the other driver was at fault. He is a high school senior. The insurance policy is in a different name but same address. If the limits are low, can I sue the policy holder or just the driver? I was injured and have had two surgeries. The doctor says I will likely need more.

Do I have a case against the car manufacturer for airbags that did not deploy? I was in a accident where my vehicle was struck in the rear, my passenger side air bag deployed and the driver’s side air bag did not. I had nothing sitting in the seat on the passenger side of the vehicle. I was going 60 MPH when I was struck by a vehicle going 95+. My vehicle then struck the dividing barrier on the driver’s side. (Referring to 2nd generation air bags)

more

Disclaimer
The determination of the need for legal services and the choice of a lawyer are extremely important decisions and should not be based solely upon advertisements, certification, specialization or self-proclaimed expertise. A description or indication of limitation of practice does not mean that any agency or board has certified such lawyers as specialist or expert in an indicated field of law practice nor does it mean that such lawyer is necessarily any more expert or competent than any other lawyer. All potential clients are urged to make their own independent investigation and evaluation of any lawyer being considered. These disclosures are required by the Supreme Court of Iowa.This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

©2012 Lombardi Law Firm, All Rights Reserved, Reproduced with Permission Privacy Policy
Attorney web design by Foster Web Marketing, the best attorney website design solution on the Web offering search engine optimization for attorneys, lawyer website design, video for attorneys, and more.
Get SEO Tips from The Attorney Internet Marketing Blog