I disagree with that. Something isn't fraud, if no concious effort was made
to hide something or deceive someone. Not being asked, is not being the same
thing as hiding something. If you installed a new stereo system in your
vehichle or a new ladder rack, would you call your insurance company and
say, PLEASE RAISE MY RATES I JUST ADDED SOME MORE EXPENSIVE ACCESSORIES TO
MY VEHICHLE. No of course not, and not doing that does not exclude coverage
for those items added that are newly attached to the vehichle. If you ask
to have a VAN covered, you are covering the VAN. If you didn't ask to have a
bucket covered you aren't covering the bucket. There is no fraud because
there was never an agreement or intent from either party to cover the
bucket. Their was a mutual agreement to jsut cover the VAN. Therefore if
the VAN was in a driving colission non-related to the bucket, the fact that
a bucket was on it is irrelevent. Plus, the insurance company has an
obligation to protect the other party that was hit. If not, uninsured
motorists kicks in. The uninsured motorists covering that will then legally
fight your insurance company to make them pay it instead, and only cover it
themselves if lost battle. I'd never advise someone to lie on an insurance
application. If you are asked if it has a bucket or accessories of
releveance, then it should be disclosed. Many agents don't ask, and not even
sure all applications have a check box for a bucket on a VAN. I know when I
ask a bank to finance a VAN with a Bucket, they only appraise the vehichle
as a "VAN" because "Bucket" isn't an accessory listed on their accessories
to include on the VAN for acessing the value. One of the reasons I don;t
have a VAN, because I can only get financing on Half the cost I'd pay for
the VAN, and Blue book only considers the VAN itself. When a CLAIM is made
to the insurance company, asking to cover the value of the VAN, they will go
to the Blue Book and use it to define the VAN. Do you think the insurance
comapny will add on the value of the Bucket? No way. You can use the
insurance company's own standard policy of how they assess the value of the
VAN when it would be covered, as the method to define what the VAN is. What
makes a Bank's definition of what a VAN is any different than what an
insurance company defines a VAN as?
Tom DeReggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband
----- Original Message -----
From: "Brad Belton" <[EMAIL PROTECTED]>
To: "'WISPA General List'" <wireless@wispa.org>
Sent: Wednesday, November 15, 2006 8:45 PM
Subject: RE: [WISPA] Insurance for use of bucket truck or lift for installs.
God forbid the van kills someone in a traffic accident unrelated to the
bucket all together. The Insurance Company could and probably would deny
the claim due to a falsified application. If an insurance company can find
a way out of a claim (especially a costly one) they will.
Best,
Brad
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Tim Wolfe
Sent: Wednesday, November 15, 2006 7:14 PM
To: WISPA General List
Subject: Re: [WISPA] Insurance for use of bucket truck or lift for installs.
Tom DeReggi wrote:
If its a standard VAN / Truck body, Don't tell them about the bucket!
Call it a VAN, not a Bucket truck!
Tom DeReggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband
As an insurance agent for the last 16 years in the state of PA(Besides
running a WISP too for the last 5 years), I can tell You that there are
some negatives to just "Not mentioning" the fact that it has a bucket on
it. The first one is that when You sign the insurance application(This
info. only applies to the state of PA where I am licensed, keep in mind
the every state has different insurance laws, but almost ALL of them
adopted the laws from the state of NY, as they were one of the first to
actually clamp down and adopt them, and this is what PA uses), there is
a paragraph that says all of the information You have submitted to the
insurance CO is correct and You then sign underneath it. It is a great
possibility that by "omitting" the fact that Your van had a bucket on
it, the CO could deny Your claim based on the fact that You chose to
omit the information about the bucket on purpose, as You knew this would
stop You from securing coverage?. While I do understand that securing
the proper insurance is becoming expensive, maybe even out of hand?, I
do not want to see You or any other small CO lose everything buy trying
to cut corners and get around something by being dishonest?. Almost all
insurance have something called "Good faith" agreements in them. This
Good Faith agreement is based on upon the fact that both You and the
insurance CO have been up front and honest with each other about what
coverages You are receiving from the CO and what type of risk the CO is
actually insuring. They fulfill their half by giving You a policy that
specificly states what they will and will not pay for, and You fulfill
Your responsibility by filling out the application with all of Your
information so that the insurance CO can decide what to charge You based
upon the information You provided them. If You lie, or as the politicly
correct term used is "Omit" some vital information that would stop the
CO from issuing insurance, then the contract is broken by You right up
front, and this fact alone could cause You some grave financial harm if
You employee tears down some fiber and/or phone lines. Just some food
for thought.
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