Email

By Harriette Halepis

How honest are you when it comes to making an insurance claim? Nearly half of insurance claims are less than honest, and most people get away without telling the truth more than once. Up until this point, there was no real way for an insurance company to put all the pieces of an insurance claim together.

Today, GPS tracking exists, and it may begin surfacing at an insurance company near you. Insurance companies usually rely upon adjusters to act as crime solvers. Adjusters attempt to figure out what happened on the night that a car was broken into, a laptop was stolen, or some water fell onto a (now unrecognizable) expensive stereo system.

A New Tracking Era

While there is a certain science behind insurance adjusting, none of the evidence collected could really be considered concrete. Well, insurance companies are beginning to realize that there’s a better way to find out what items are, and aren’t, legitimately covered by insurance policies. Even though an insurance company cannot track every item that a person owns, they can certainly track bigger items.

For example, if you are attempting to insure a priceless collection of jewels, your insurance company may demand that you have those jewels securely stowed away. Now, insurers may also demand that you attach a GPS tracker to those jewels – just in case they disappear. With the help of a GPS tracker, insurers no longer have to guess where items have disappeared to.

Violation

Nearly every time some company or organization decides to use GPS tracking as a means to an end, someone somewhere yells “violation!” Is it a true violation of a policy holder’s rights if an insurance company demands that items are tracked? Not if a contract clearly states the use of a tracking device.

While most policy holders never bother to read fine print, you can bet that any insurance contract is entirely inclusive. From all of those things that you aren’t covered for, to all of those things that you must do to be covered, as long as an insurance company notifies you of any contract changes, you must abide by these changes.

What’s the alternative to ignoring any contract alterations? You simply won’t be covered when your precious items are ruined. Why? It is the responsibility of a consumer to read a contract entirely. Are you required to track your valuable items? Take the time to call your insurance company and find out.