July 19, 2006

things i want to know...

so many questions. if you have the answer, please let me know:

1. bf's condo complex got broken into yesterday am. he took it pretty calmly, and his neighbor only lost a bike. anyhow, how do insurance companies know that what you lost was really what you lost? for example, i have renter's insurance. if anyting i keep at bf's was stolen, they have to replace it beyond the deductible. so how would they know i had a burton feel good, instead of the feel good es? receipts? who keeps receipts for that long? i know i have to file the police report, so are they assuming i wouldn't lie to the police?

2. two cars pull up to a street at the same time. they are each on adjacent driveways. the guy on the left wants to take a right. the guy on the right wants to take a left. who gets right of way?

3. A and B are on perpendicular streets. A wants to take a left onto B's street, B wants to take a left onto A's street. they arrive at the same time. who has right of way?

okay. i'm done asking stupid questions. just always wondering... but never got an answer.

Posted by redchilipepper at July 19, 2006 01:38 PM
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My understanding is as follows:

1. the insurance company assumes you won't lie. hence, all of the insurance fraud. and the very large insurance legal departments. and the resultant high cost of insurance.

2 & 3. the car on the right always has the right-of-way (if both cars approach the intersection/street at the same time). however, in situation #2, it seems that it would also depend on the amount of traffic on the street. because the guy on the left is turning right into the nearest lane, traffic might allow him to turn before the guy on the right can cross the near lane to turn left into the far lane.

Posted by: wenmei at July 19, 2006 02:52 PM

1) For small things insurance companies assume you won't lie, and in general you don't or the lieing you do still doens't equal how much you pay them, hence there record profits if you ignore large scale natural disaster payouts. My insurance company encourages us to take photos of our posessions so that they can easily verify what own. However, for the most part it is the honor system. Most insurance has a deducatable and a cap value. I know my insurance will only cover about $5k in computer equiptment...

2) Car on the right has the right of way...

3) Car on the right has the right of way...

Posted by: pqbon at July 19, 2006 03:35 PM