Comments on: GEICO Paid Out A Fraudulent Claim http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: Mukund http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-378674 Mukund Wed, 19 Oct 2011 03:27:59 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-378674 How much geico is liable to pay for maximum if driver hit a person on walk and injured the person to paralyze limbs? How much geico is liable to pay for maximum if driver hit a person on walk and injured the person to paralyze limbs?

]]> By: ago http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-369622 ago Wed, 15 Jun 2011 14:15:06 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-369622 When its Geico vs Geico they take a very strong stance on treated it as if it were any other insurance comp. The one examiner doesnt have access to the other file. If they are not paying for the full amount its probably because the other Geico insured has a conflicting ax description. If there is no pr or witnesses to confirm either drivers statement its usually settled 50/50. Most companies won't even give you that. they just deny the claim. If they are offering less than the full amount you need to call the examiner and ask why. if you have any additional info or evidence they will re-val the claim. NY is a comparative negligence state by law meaning in most accidents negligence is shared so you can be found even a minimal percentage of liable for the accident so the full amount of your damages would be paid accordingly to the insured negligence. so if you get rear ended and the other driver said you stopped short, you would be found partially liabe for the accident normally 10% and the other driver would be 90%. When its Geico vs Geico they take a very strong stance on treated it as if it were any other insurance comp. The one examiner doesnt have access to the other file. If they are not paying for the full amount its probably because the other Geico insured has a conflicting ax description. If there is no pr or witnesses to confirm either drivers statement its usually settled 50/50. Most companies won’t even give you that. they just deny the claim. If they are offering less than the full amount you need to call the examiner and ask why. if you have any additional info or evidence they will re-val the claim. NY is a comparative negligence state by law meaning in most accidents negligence is shared so you can be found even a minimal percentage of liable for the accident so the full amount of your damages would be paid accordingly to the insured negligence. so if you get rear ended and the other driver said you stopped short, you would be found partially liabe for the accident normally 10% and the other driver would be 90%.

]]> By: ago http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-369621 ago Wed, 15 Jun 2011 14:02:06 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-369621 I have Geico and I worked for Geico. They are a horrible employer but a good insurance company. I worked liability and if you hit the person it doesnt matter what minimal damage they have Geico would be liable for it. The auto adjuster that inspect and write up the estimates go threw very thourough training. And you bet if Geico could deny it they would've. Alot of times the damages may not be visible or very minor, again Geico or any insurance company would be on the hook for it. I got rear ended as I was stopped waiting to exit a parking lot. We both got out saw no damage. When I went home and looked under my there was damage. This is true of all insurance companies, they have to investigate the loss and if you are liable for the damages must pay. All insurance companies have to follow regulations. Its better that they pay than have the person pursue personally for damages that your insurance company wouldnt pay. Ive seen that happen alot, dealt with many shady insurance companies that due that and leave there policy holders out to dry. That is why even thought I hate them as an employer, I keep them as my insurance. They are also backed by Warren Buffet thats a billionaire! So you know they can back up there policys with $$$$. Alot of companies are having financial difficulties and are unable to pay claims!!! I have Geico and I worked for Geico. They are a horrible employer but a good insurance company. I worked liability and if you hit the person it doesnt matter what minimal damage they have Geico would be liable for it. The auto adjuster that inspect and write up the estimates go threw very thourough training. And you bet if Geico could deny it they would’ve. Alot of times the damages may not be visible or very minor, again Geico or any insurance company would be on the hook for it. I got rear ended as I was stopped waiting to exit a parking lot. We both got out saw no damage. When I went home and looked under my there was damage. This is true of all insurance companies, they have to investigate the loss and if you are liable for the damages must pay. All insurance companies have to follow regulations. Its better that they pay than have the person pursue personally for damages that your insurance company wouldnt pay. Ive seen that happen alot, dealt with many shady insurance companies that due that and leave there policy holders out to dry. That is why even thought I hate them as an employer, I keep them as my insurance. They are also backed by Warren Buffet thats a billionaire! So you know they can back up there policys with $$$$. Alot of companies are having financial difficulties and are unable to pay claims!!!

]]> By: Anthony http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-337441 Anthony Sun, 07 Feb 2010 15:41:08 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-337441 Geico will done whatever it takes not to pay a claim. Geico will done whatever it takes not to pay a claim.

]]> By: Joe White http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-304673 Joe White Sun, 31 May 2009 01:13:15 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-304673 I'm in a claim now with Geico. Got hit by the other car when my Girlfriend was driving/stopped at a corner. The other driver was obviously at fault and Geico agrees. However, since both cars are covered by Geico... Geico is refusing to pay for majority of the damages. My girlfriend's statement is that the other car an Xterra rear ended our small Tiburon hopping our bumper and knocking in our hatchback. Geico is refusing to believe it specifying height specs. Looks like Im going to be stuck with a hatchback that doesn't close properly. Going to shop around for insurance as soon as the claim is complete. I’m in a claim now with Geico. Got hit by the other car when my Girlfriend was driving/stopped at a corner. The other driver was obviously at fault and Geico agrees. However, since both cars are covered by Geico… Geico is refusing to pay for majority of the damages. My girlfriend’s statement is that the other car an Xterra rear ended our small Tiburon hopping our bumper and knocking in our hatchback. Geico is refusing to believe it specifying height specs. Looks like Im going to be stuck with a hatchback that doesn’t close properly. Going to shop around for insurance as soon as the claim is complete.

]]> By: yusef http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-303367 yusef Sat, 09 May 2009 12:33:57 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-303367 it's true baby girl. you admitted fault. i hit a car from behind and it was my fault. the next thing you know the guy said he swerved and hit something that messed up the side of his door. because i was at fault for the accident i had no leg to stand on. anything is possible when you are in an accident. it’s true baby girl. you admitted fault. i hit a car from behind and it was my fault. the next thing you know the guy said he swerved and hit something that messed up the side of his door. because i was at fault for the accident i had no leg to stand on. anything is possible when you are in an accident.

]]> By: Tim http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-300905 Tim Sat, 28 Mar 2009 21:53:24 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-300905 I just called Gieco today to get a quote. Rep I spoke with was very polite. We went over my current Auto Ins policy in detail. He quoted me the "same" policy, with a lower deductable. Was going to save me about $400 a year on a 3 car policy. I set it up. Received email policy a few mins later to find that he has completely left off ANY Collison or Comp off one one of my 2 cars that are paid for. Guess what, this is the car my almost 17yr old daughter drives. I called back when I caught this. Was told they did not know why he did this, the ACTUAL premiums for the same coverage on all 3 cars turned out to be a couple hundred dollars MORE than I currently pay. Not only was this misleading and a lie to me, but if I had not of caught this and had an accident that was our fault, then that car would not have been covered at all. I called back, could not speak with a supervisor, although was told that one was informed. Cancelled policy and will stay with my long term insurance company that I can TRUST. This was so misleading that I would imagine it was against the law. Was very disappointed in GEICO. I just called Gieco today to get a quote. Rep I spoke with was very polite. We went over my current Auto Ins policy in detail. He quoted me the “same” policy, with a lower deductable. Was going to save me about $400 a year on a 3 car policy. I set it up. Received email policy a few mins later to find that he has completely left off ANY Collison or Comp off one one of my 2 cars that are paid for. Guess what, this is the car my almost 17yr old daughter drives.
I called back when I caught this. Was told they did not know why he did this, the ACTUAL premiums for the same coverage on all 3 cars turned out to be a couple hundred dollars MORE than I currently pay.
Not only was this misleading and a lie to me, but if I had not of caught this and had an accident that was our fault, then that car would not have been covered at all.
I called back, could not speak with a supervisor, although was told that one was informed.
Cancelled policy and will stay with my long term insurance company that I can TRUST. This was so misleading that I would imagine it was against the law.
Was very disappointed in GEICO.

]]> By: Steve http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-299826 Steve Thu, 12 Mar 2009 15:45:01 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-299826 1. Always call the police, if they wont come you tried. 2. There is always damage 3. The accident were there is no damage, we aren't worried about it, and left the scene amicably is probably the accident where tommorrow; I have a sore neck, a broekn back, my car is totaled, and you were a (dirty word insert here ). -- Insurance Companies, regardless of said company have a requirement to protect the financial intrests of the policyholder. In Boston Michelle's situtation, it's hard to make a descision based only on the information provided, but here is a few points. Damage match up; while easily proven is also fairly simple for them to tear apart in court, depending on the claimaint ( the other guys ) statement of facts, things like stoping/ acceleration/ turning, can shift the weight of the vehicle and thus the position of the car. Without the police report, witness statement or other third party confirmation of the facts, any dispute raised has to be considered. Liability; in a loss were policyholder says, nope didn't hit 'em. No wit No Pr no way to show the insured is lying, insurance companies will often deny the claimaints loss, as word vs word. You say you hit 'it you bought it. Previously existing damages must be disproven, if age is clearly shown it can be denied, but other then that you bought it. It sucks that Boston had a bad follow-thru on this one, largely because of decisions made at the scene. Trust no one, always document document document the accident. 3x5 Index cards for name and driver info, and a disposable camera in your glovebox. Protect yourself 1. Always call the police, if they wont come you tried.
2. There is always damage
3. The accident were there is no damage, we aren’t worried about it, and left the scene amicably is probably the accident where tommorrow; I have a sore neck, a broekn back, my car is totaled, and you were a (dirty word insert here ).

–
Insurance Companies, regardless of said company have a requirement to protect the financial intrests of the policyholder. In Boston Michelle’s situtation, it’s hard to make a descision based only on the information provided, but here is a few points.

Damage match up; while easily proven is also fairly simple for them to tear apart in court, depending on the claimaint ( the other guys ) statement of facts, things like stoping/ acceleration/ turning, can shift the weight of the vehicle and thus the position of the car.

Without the police report, witness statement or other third party confirmation of the facts, any dispute raised has to be considered.

Liability; in a loss were policyholder says, nope didn’t hit ‘em. No wit No Pr no way to show the insured is lying, insurance companies will often deny the claimaints loss, as word vs word.

You say you hit ‘it you bought it.

Previously existing damages must be disproven, if age is clearly shown it can be denied, but other then that you bought it.

It sucks that Boston had a bad follow-thru on this one, largely because of decisions made at the scene. Trust no one, always document document document the accident. 3×5 Index cards for name and driver info, and a disposable camera in your glovebox.

Protect yourself

]]> By: j.c http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-278530 j.c Sat, 30 Aug 2008 22:53:24 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-278530 I rescently had an accident where a lincoln town car was in a turning heading straight and spotted him, coming head on at me. I veered to get out of his way as I was turning left in a car dealer (to get a part for a car). He swiped my car and tore the bumper off, as well as grazed my right rear turn assembly , It shaved off outer lense and left the clear lens intact. I felt the car jolt as I passed him. I turned the car around (defintiely a mistake) as he wasn't stopping after hitting me and pulled up behind him and I saw him get out of my car. I called the police the cop told me the car wouldn't file a damage claim. I asked the cop for a accident report and told me to contact my insurance company. He never inspected my car and yet wrote his report about the accident without any on scene investigion as well as statements from either driver. Real good police work!!!!!!!!!!!! At one point he told me to get my bumper which was completly torn off the car laying in the road (in one piece) The cop blamed the accident on my as a turning sinareo rather than a rear miss head on as the lincoln side swipe me. I've been driving for 36 years without a major accident, 13 years driving experience driving in Kodiak, Alaska. Just to show you I was never ticketed for the accident. I had geico as they did absolutely nothing except take my statement and my money. You pay lower rates and get lower service. I rescently had an accident where a lincoln town car was in a turning heading straight and spotted him, coming head on at me. I veered to get out of his way as I was turning left in a car dealer (to get a part for a car). He swiped my car and tore the bumper off, as well as grazed my right rear turn assembly , It shaved off outer lense and left the clear lens intact. I felt the car jolt as I passed him. I turned the car around (defintiely a mistake) as he wasn’t stopping after hitting me and pulled up behind him and I saw him get out of my car. I called the police the cop told me the car wouldn’t file a damage claim. I asked the cop for a accident report and told me to contact my insurance company. He never inspected my car and yet wrote his report about the accident without any on scene investigion as well as statements from either driver. Real good police work!!!!!!!!!!!! At one point he told me to get my bumper which was completly torn off the car laying in the road (in one piece) The cop blamed the accident on my as a turning sinareo rather than a rear miss head on as the lincoln side swipe me. I’ve been driving for 36 years without a major accident, 13 years driving experience driving in Kodiak, Alaska. Just to show you I was never ticketed for the accident. I had geico as they did absolutely nothing except take my statement and my money. You pay lower rates and get lower service.

]]> By: Boyer http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-262790 Boyer Mon, 07 Jul 2008 22:50:34 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-262790 Olza M. (Tony) Nicely does anyone know how to reach him. He's the CEO For Geico and I'd really like to have a word with him. The company stinks waiting months to be paid for a claim. Was not even involved in an accident. Parts from a vehicle insured by them flew off during an accident they were in and damaged our parked car. Three messed up checks later and months into it and we still have nothing to repair the car with. Unless they think bogus excuses on the employees part and the Oh! so sorry appology we keep getting over and over again will somehow repair the car. So sick of this and all they have to say is "It's in the mail" Until the next week when amazingly someone else has messed it up, gone on vacation or just didn't come into work so it got put by the way side and forgotten. Is this how this company is run? If anyone else knows where I can post this to get my point across I'd appreciate the info. Next is the BBB. Not that that will do any good but I'm going to put it where anyone and everyone can read just how they treat innocent bystanders. I can just imagine how they handle the poor souls who actually pay to have insurance through them and do have the misfortune of having an accident where they are at fault. BUYERS BEWARE!!! Olza M. (Tony) Nicely does anyone know how to reach him. He’s the CEO For Geico and I’d really like to have a word with him. The company stinks waiting months to be paid for a claim. Was not even involved in an accident. Parts from a vehicle insured by them flew off during an accident they were in and damaged our parked car. Three messed up checks later and months into it and we still have nothing to repair the car with. Unless they think bogus excuses on the employees part and the Oh! so sorry appology we keep getting over and over again will somehow repair the car. So sick of this and all they have to say is “It’s in the mail” Until the next week when amazingly someone else has messed it up, gone on vacation or just didn’t come into work so it got put by the way side and forgotten. Is this how this company is run? If anyone else knows where I can post this to get my point across I’d appreciate the info. Next is the BBB. Not that that will do any good but I’m going to put it where anyone and everyone can read just how they treat innocent bystanders. I can just imagine how they handle the poor souls who actually pay to have insurance through them and do have the misfortune of having an accident where they are at fault. BUYERS BEWARE!!!

]]> By: Brittany http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-241675 Brittany Wed, 28 May 2008 20:13:00 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-241675 In the bostonmichelle case, if they both said no one was at fault why did he have her insurance info in the first place. She should have been suspicious from that point and should have called the police to see the accident. If you're gonna be passing out your insurance info, you should also have witness. In the bostonmichelle case, if they both said no one was at fault why did he have her insurance info in the first place. She should have been suspicious from that point and should have called the police to see the accident. If you’re gonna be passing out your insurance info, you should also have witness.

]]> By: Keely http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-213769 Keely Sat, 02 Feb 2008 04:36:05 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-213769 I did not provide this previously... all CLAIMS examiners have access to documents and photos. The are scanned right into the claim file. If one examiner has access to her pictures all examiners do. So she is obviously "Embellishing" her story. She also has access to the photos too by going on to GEICO.COM. Just an FYI I did not provide this previously…

all CLAIMS examiners have access to documents and photos. The are scanned right into the claim file. If one examiner has access to her pictures all examiners do. So she is obviously “Embellishing” her story. She also has access to the photos too by going on to GEICO.COM.

Just an FYI

]]> By: Keely http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-213767 Keely Sat, 02 Feb 2008 04:24:55 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-213767 It amazes my how ignorant people can be. Do you have any idea the amount of fraud an examiner encounters daily? Every case handled has some type of fraudulent activity. This woman admits to striking a vehicle. This woman states she did hit this persons bumper. Go and get an estimate for a scrached bumper. It will be over 400.00 to repair. Sad but true. Labor and paint are time consuming and costly. Also remember while the claimants vehicle is in the repair facility he is entitled to loss of use (A rental car) which is usually 40+ dollars a day. GEICO is also responsible for taxes associated with the rental. Secondly, a property damage claim under 1000.00 is not surchargable - even if you are 100% neglegent for the loss. This "Insured" was too busy yelling and screaming to remember the claim examiner telling her IT IS NOT A SURCHARGABLE ACCIDENT. Her rates will not and can not go up in association with this loss. Lastly, if GEICO was to deny this 500.00 claim THE CLAIMANT WILL SUE YOU!!!. No, not the insurance company.... you personally! He would have every right to take you to small claims court. Do you have any idea how much is costs to defend the small claims suit? Would you be willing to take a day or two off of work to go down to the court house and testify? Or would you rather have geico pay the 500.00 claim? I can not believe how blind people are when it comes to matters of insurance. I am quite thankful this "insured" is no longer insured with GEICO. She is absolutly and completly stupid. (I have to be so negitive, but there it is). Sincerely, Every liability claims examiner It amazes my how ignorant people can be.

Do you have any idea the amount of fraud an examiner encounters daily?
Every case handled has some type of fraudulent activity. This woman admits to striking a vehicle. This woman states she did hit this persons bumper.
Go and get an estimate for a scrached bumper. It will be over 400.00 to repair. Sad but true. Labor and paint are time consuming and costly.
Also remember while the claimants vehicle is in the repair facility he is entitled to loss of use (A rental car) which is usually 40+ dollars a day. GEICO is also responsible for taxes associated with the rental.

Secondly, a property damage claim under 1000.00 is not surchargable – even if you are 100% neglegent for the loss. This “Insured” was too busy yelling and screaming to remember the claim examiner telling her IT IS NOT A SURCHARGABLE ACCIDENT. Her rates will not and can not go up in association with this loss.

Lastly, if GEICO was to deny this 500.00 claim THE CLAIMANT WILL SUE YOU!!!. No, not the insurance company…. you personally! He would have every right to take you to small claims court.

Do you have any idea how much is costs to defend the small claims suit? Would you be willing to take a day or two off of work to go down to the court house and testify? Or would you rather have geico pay the 500.00 claim?

I can not believe how blind people are when it comes to matters of insurance. I am quite thankful this “insured” is no longer insured with GEICO. She is absolutly and completly stupid. (I have to be so negitive, but there it is).

Sincerely,
Every liability claims examiner

]]> By: Auto Insurance Online Quote http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-192735 Auto Insurance Online Quote Thu, 22 Nov 2007 13:39:51 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-192735 What can you expect from such a big company. The large companies tend to charge more... but have settle your claims fast and ask questions later attitude. Smaller insurance agents tend to pay a little slower. But then again this case is a bit unique. Never heard of this before in my life! Can't expect much from a lizard. =) What can you expect from such a big company. The large companies tend to charge more… but have settle your claims fast and ask questions later attitude.

Smaller insurance agents tend to pay a little slower.

But then again this case is a bit unique. Never heard of this before in my life!

Can’t expect much from a lizard. =)

]]> By: Auto Insurance Agent and Broker http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html/comment-page-1#comment-132322 Auto Insurance Agent and Broker Mon, 16 Jul 2007 21:28:26 +0000 http://www.bargaineering.com/articles/geico-paid-out-a-fraudulent-claim.html#comment-132322 I can see this being a frustrating. You shouldnt have to pay for someone else's fraud. The only advice I can give you as an insurance agent is to contact your states department of insurance and inform them of the situation. You can even file a fraud report online. I can see this being a frustrating. You shouldnt have to pay for someone else’s fraud. The only advice I can give you as an insurance agent is to contact your states department of insurance and inform them of the situation. You can even file a fraud report online.

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