Join Date: Apr 2006
Thanked 181 Times in 178 Posts
Rep Power: 13
"This is dead wrong. The Progressive policy contains no such words. "
It is not dead wrong. I did say say the policy would read that way, only that it MIGHT read that way. And I say this based on my personal experience with a Progressive rep, who eventually was convinced to read the specifc terms of an agreed value policy to me over the phone.
On that day, that rep, that policy, DID IN FACT contain weasel words allowing them to pay out whichever was less: The agreed value, or some other value.
Maybe Progressive has gotten better. Maybe they've got a marine-only division now. Maybe a lot of things, which is why I said, and continue to say, any insurance policy including Progressive needs to be examined for weasel words.
Progressive seems to have a good reputation--but I still caught them out that time. And they also boast how much they can save the "typical" Geico customer. Again, not quite right, they're priced higher than Geico for some customers. Of course Geico themselves may tell you there are four "Geico" companies...
...How does the song go?
"Weasels to the left of us, weasels to the right, trapped in the middle again?"