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 Posted: Wed Apr 08, 2009 9:15 am Post subject: |
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Hi Super Agent..
| Quote: | | Now i would also like to tell u that i am pretty sure that it is allowed in AllState insurance company |
May I know what you're pointing to? What has an insurance company got to do with changing dates? I think it's something between you and the car dealer. I don't think the carrier would choose to cover you for such purchases.
Fatman |
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fatman
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| Posted: Wed Apr 08, 2009 9:53 am Post subject: |
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Super Agent,
If you add the car to your current policy, the credit score used will be what was calculated at the beginning, NOT when you add the car. Things like that are not changed mid-term.
Most companies give you a discount if you have more than one car on your policy. This is called a "multi-car discount." In most cases, it makes the cost lower to put both cars on one policy instead of two different policies.
I can't guarantee that this is true for all states, but in my region (Ohio/Indiana/Michigan), Allstate goes back as much as 30 days to match your purchase date. If you purchased it more than 30 days prior to the date your report it to your agent, then your coverage begins on the date that you report it to your agent. They will NOT go back two months to 2/2/09 unless the agent is breaking the rules. Speaking of which, asking your dealership to provide proof that you purchased the car sooner than you did, because you think you can get a better rate on your insurance, is insurance fraud.
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ChristyP
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| Posted: Wed Apr 08, 2009 12:40 pm Post subject: |
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| Hey Christ...ur posts help me a lot.......look theres something called 'OUT OF SEQUENCE ENDORSMENTS' ...... in which u can have endorsments in ur policy and get it effective from a backdate.......Beleive me.....this is possible in AllStae insurance company......i donno in what ways it benefits the insured but it is possible...... and also the backdating time is not 2 or 3 months it is much higher....even years of backdating is allowed .(dnt know the exact limit)........i also think that this facility is provided by all Insurance companies in US like encompass, deerbrook........ its just that they dnt reveal it explicitly.....they provide it only when the customer asks.........this is not fraud...not at all.....i tld u before that dnt think of the purchase date of my car.....that is not a problem.......i wont be doing anything wrong.......suppose u have 2 old cars and have two seperate policies both effective from 05052007.......now on 10102008...u wish to drop 2nd cars policy and shift that car to 1st policy as an endorsment..and also want the endorment to be effective from 05052008( Renewal date of frst policy)...... it is possible........ any1 else who can boalster my point |
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SuperAgent
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| Posted: Wed Apr 08, 2009 12:42 pm Post subject: |
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| Fatman...i am saying that out of sequence endorsments or backdating is allowed in AllState......read the above post.....theres a little explaination in that |
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SuperAgent
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| Posted: Wed Apr 08, 2009 1:08 pm Post subject: |
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Super Agent, it is possible and it is allowed ONLY for a valid reason. There is the problem. Asking the car dealer to sign a statement that you purchased it sooner than you did, is NOT a valid reason. It is deception.
Back-dated endorsements or out-of-sequence endorsements are used occasionally for valid purposes. One of the more common examples is when a renewal is processed in advance. Let's suppose a renewal offer is generated on June 1, with an effective date of July 1. The renewal offer calculates the new rates based on your old car. Then, on June 5, you call the agent and tell him that you bought a new car on May 15. You need coverage from May 15, and you reported it within Allstate's 30-day rule. This is out of sequence, because it should be effective before the renewal offer, and the renewal offer needs to be recalculated based on the new car. Then the renewal has to be backed out of the system, the endorsement processed on May 15, and the renewal offer recalculated. This is a valid reason for an out-of-sequence back-dated endorsement, and this is why their processing system allows it.
However, changing a policy from two years ago, just because the customer thinks the rate might turn out better, is NOT a valid reason. Backdating the addition of a new car when the insured did NOT report it within the allowed window is not a valid reason. (Backdating the addition of a new car when the insured DID report it, but the processing was missed because of an agency error, IS a valid reason.)
The point of this is to emphasize the difference between what is possible and what is allowed. The examples that you suggest are possible, but they are not allowed.
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ChristyP
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| Posted: Wed Apr 08, 2009 1:22 pm Post subject: |
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| am not saying that that customer can enjoy this facility its just that theres i a provision of backdating......i am sure of backdating of 1 year....nt more.....i have seen from my eyes......Allstate people are not fool there might be some clauses...... |
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SuperAgent
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| Posted: Wed Apr 08, 2009 3:01 pm Post subject: |
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| Quote: | I told you before that you buying brand new car so you need to cover it by your new insurance policy.
Old insurance policy have some profitable schemes. If you take new insurance policy you can take more new schemes & you can get benefit of them . |
This means no sense and is really completely incorrect.
What us a "profitable schemes". If by "schemes" you mean coverage, different coverage can be added onto the new vehicle and the existing policy just the same.
What your suggesting is that the OP pay about twice as much for the same coverage. How is this a good idea? |
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tcope
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| Posted: Thu Apr 09, 2009 5:16 am Post subject: |
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no no...u r taking it otherway.......... if u add ur new vehicle to the old policy as an endorsment or at the time of renewal....or any damn way.....u will get an option of getting all the coverages which the previous vehicle have + u wnt be charged extra liability + u get muti car discount + theres an option of adding some more coverages for new vehicle which will effect the premium accordingly.........and also i would like to tell u guys if u backdate an endorsement then theres a heavy increment in the premium...but because of the less liability and multi car discount ...it gets lesser than the case of having seperate policy......
Tcope i know i can have new policy which will provide me an option of many new schemes.....but i will also have to pay seperate liability and also i wnt be getting multi car discount......... |
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SuperAgent
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| Posted: Thu Apr 09, 2009 7:29 am Post subject: |
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Hi Super agent,
| Quote: | | u wish to drop 2nd cars policy and shift that car to 1st policy as an endorsment..and also want the endorment to be effective from 05052008( Renewal date of frst policy) |
So, I get it's just about shifting the date of endorsement..and this has got nothing to do with the purchase date of the car. But wouldn't a carrier check the history before adding your car? Even if this is possible what documents would they be looking for?
Fatman |
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fatman
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| Posted: Thu Apr 09, 2009 7:44 am Post subject: |
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fatman.....first tell me ....the line u have quoted.......well i think its possible
...what do u think..... history of my 2nd car is good......dnt worry abount the purchase date of car......u can assume any date u want..........i dnt think their should be any problem..... the only thing to discuss is that backdating is allowed or not and if yes then how much back we can go..........maybe we can backdate only to last renewal...u tell |
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SuperAgent
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| Posted: Fri Apr 10, 2009 7:42 am Post subject: |
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Super, if it's possible with Allstate..then you don't need to worry!
I'd rather believe that the question is not about whether backdating is allowed or not! Don't you think it's lot more important to know whether it should be allowed or not? (or what could be the ill-effects??)
Roddick |
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roddick
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| Posted: Fri Apr 10, 2009 12:24 pm Post subject: |
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| Roddick ..... i dnt understand what could be the ill effects..... i can only c good in this facility provided by allstate...... plz point out some ill-effects....... may be am so much impressed by this facilty that i could not c the cons......tell me what kind of illeffects u assume it have,,,, just dnt point the car purchase date problem |
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SuperAgent
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| Posted: Sat Apr 11, 2009 1:55 pm Post subject: |
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Hey Super..
| Quote: | | may be am so much impressed by this facilty that i could not c the cons |
If through this sequence endorsement you could hide a patch..it would certainly take it's toll on others in the long run. May be you're not prepared to look up to it right now!
Roddick |
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roddick
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| Posted: Mon Apr 13, 2009 6:06 am Post subject: |
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ok Roddick....frget it we had enough discussio on that topic....here i have something new for u and all u community members tell me Is this sequence of endorsments correct........
02022008 new business ( 1st vehicle )
02022009 Renewal
04022009 dropped 1st vehicle
03022009 Added 2nd vehicle |
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SuperAgent
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| Posted: Tue Apr 14, 2009 11:06 am Post subject: |
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| Don't know exactly. I guess the order is incorrect. Instead the last 2 dates should interchange. Let's see what the others have to say in this regard. Steven |
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steven
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