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DELIVERING PEOPLE OR PIZZA
WITH YOUR CAR?
By Chuck Wells
So you want to make a little
extra money by transporting some people to and from doctor’s
appointments or shopping? Or maybe you want to deliver pizzas
with your car. Or you want to share expenses by car pooling with
other people.
I’m sure one of the first questions you ask yourself: “Is my car
insurance policy going cover me if someone I’m transporting is
injured in a car accident?”
If you are transporting people (like a taxi service) for money,
your personal car insurance policy will NOT cover you if you are
sued after an accident. You will be on your own. You would have
to get an expensive commercial type auto policy in order to get
that coverage. So do not transport people around for money. You
are just asking for trouble.
If you are delivering pizzas and have an accident, you will be
covered under a personal auto policy but most insurance
companies would cancel your policy if they know you do
deliveries. You may want to check with your agent to make sure
you won’t have a problem. It may not be worth it just to make a
couple of bucks delivering. If you are a parent, do not allow
your kids to use your car to deliver pizzas unless you want your
insurance canceled.
Car pooling is not a problem with coverage but keep in mind that
if someone is injured in your car and the accident is your
fault, they will sue you. Make sure you have at least $300,000
of liability coverage if you are car pooling. I know, they are
your co-workers and would never sue you. Think again. They will
sue you and retire on your money.
WOMAN CLAIMS JEWELRY THEFT
Antoinette Millard of New York City picked up $492,000 of
insurance coverage on jewelry she inherited from her mother. She
started the policy on October 16, 2003 and showed bills of sale
and appraisals of the jewelry. On October 27th , Millard said
she took some of the jewelry out of her safe deposit box and as
she left the bank, was mugged by an unknown person and robbed of
$262,000 worth of the jewelry. She turned in a claim on her
insurance policy.
You don’t have to be too smart to figure out that the insurance
company is going to investigate a $262,000 claim that happens
within two weeks of when you start a policy.
Their investigation revealed that one of her appraisals was
forged and she had actually sold half of the jewelry she claimed
was stolen. She was arrested for insurance fraud, attempted
Grand Larceny, and Criminal Possession of a Forged Instrument.
SALE OF USED LINGERIE PROHIBITED
Tokyo metropolitan government has ruled that used lingerie could
no longer be sold in the city’s sex shops. Men had been paying
$15 to $90 for a pair of used panties in a plastic bag which
sometimes included a picture of the former owner.
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