Monday, March 20, 2006
Don't Leave Your Keys in Your Car in Arizona
The Arizona State Senate approved today a bill that will allow insurance companies to charge a triple deductible for cars stolen when the cars keys are left in them.
I'm curious to see how this plays out with the insurance companies in the state. I'm sure that companies will have to update their policies to state this new clause. Or is the state saying that this will automatically be part of all policies? Triple deductible? Theft falls under Comprehensive coverage. I know some people that have a zero deductible for comprehensive coverage. So zero times three is still zero.
I can actually see the good intentions here with the Arizona State Senate. They saw the stats - 1 out of 5 cars stolen in their state occurred when the keys where in them! I know people that come to our insurance office to pay their bill and leave their car running when they come in. Some even leave their car door open! (Its usually the same people that can't get off their cell phone.)
So I don't know if Arizona has a minimum comprehensive deductible limit, such as $100.. But that would be one way to make the triple deductible effective. If your car is stolen without the keys being in the car - you pay your $100. If the car is stolen and the keys were inside the car - you pay $300.
I'm curious to see how this plays out with the insurance companies in the state. I'm sure that companies will have to update their policies to state this new clause. Or is the state saying that this will automatically be part of all policies? Triple deductible? Theft falls under Comprehensive coverage. I know some people that have a zero deductible for comprehensive coverage. So zero times three is still zero.
I can actually see the good intentions here with the Arizona State Senate. They saw the stats - 1 out of 5 cars stolen in their state occurred when the keys where in them! I know people that come to our insurance office to pay their bill and leave their car running when they come in. Some even leave their car door open! (Its usually the same people that can't get off their cell phone.)
So I don't know if Arizona has a minimum comprehensive deductible limit, such as $100.. But that would be one way to make the triple deductible effective. If your car is stolen without the keys being in the car - you pay your $100. If the car is stolen and the keys were inside the car - you pay $300.
