Rice wrote:
CarnationSailor wrote:
Fulltimer50 wrote:
Rice,
Why not just go with another company that does offer what you want?
Well, I'm sure the OP will do just that, but I, for one, thank him for posting the warning.
Of course I will go with another company.
CarnationSailor, you're welcome. That was the point of my post--to warn people about this issue, so they don't make a mistake. I wish someone had done that before, so I wouldn't have wasted my time.
DownTheAvenue wrote:
This just proves that insurance, like any consumer product, requires the purchaser to read and understand what he is buying, not just taking a salesperson's word for it. I always amased that people spend more time studying the sports page of the paper than researching before purchasing a big ticket item.
It's just not that easy. Half the people are of below average intelligence, and it's unreasonable to expect them to read an insurance policy, and it's insane to expect them to understand it. Hell, I made an honor grade in Insurance Law in law school, and my eyes glaze over when I try to read insurance policies. Plus, I have yet to ever see an actual policy before actually signing up.
The only reason I noticed the Geico issue was because I have a spreadsheet where I've put the premium breakdowns for policies and quotes for the last 10 years, so I can compare them. That's how I noticed there wasn't a number for fulltimer liability. Agents always give quotes as just a total, and the breakdown comes only if you ask for it, and what they provide doesn't have blank cells to notice.
So I don't fault the consumer. The fault here is all on Geico.
This thread is a good example of "blame the OP" mentality that is rife on this site.
Gieco is definitely cutting corners on the idea of informed consent in this case. Consumers deserve simply written in plain language contracts that affect them. Many companies now do this. I have avoided GIECO for other reasons...they are just too expensive for the same coverage I can get elsewhere.
The OP was right to put out the warning and he deserves our thanks.
