Beware of Fred Loya, Take Two
By Scott O’ Sullivan The O’ Sullivan Law Firm
In February, I wrote an article for Thunder Roads Colorado readers, warning you about Fred Loya insurance. I’ d like to revisit it today because we keep discovering reasons that this company is not a good choice.
Recently, we’ ve received calls from accident victims who have Fred Loya insurance and they can’ t get the company to return their calls! Sharon Killoran, the O’ Sullivan Law Firm legal assistant, has made calls to Fred Loya on these victims’ behalf and has run into stonewall after stonewall after stonewall. And she is calling on behalf of their own clients! Imagine if you were the victim of an accident and the other driver had Fred Loya; you might literally never get a response to your claims.
“ I never, ever get a live person on the phone when I’ m calling Fred Loya,” says Sharon, who notes that Young Americans insurance is also part of this shady company.
We were recently contacted by a victim who was told by Fred Loya that he had“ full coverage” but he had the bare minimum of coverage. This poor man was hit by someone who had only $ 25,000 of insurance, so he needed his own insurance to help pay his medical bills. However, because Fred Loya steered him wrong, he doesn’ t have enough to cover his needs.
Yet, he couldn’ t even learn this bad news on his own because his own insurance company wouldn’ t answer his calls!
Fred Loya is the worst of the worst that insurance companies have to offer. This company literally preys on disadvantaged peopleeople who see the low-cost insurance and think that they are purchasing protection. But, just like this example illustrates, Fred Loya disappears when claims are filed. If your insurance company disappears when you make a claim, that is like having no insurance at all.
Additionally, Fred Loya claims to offer every kind of policy but they truly don’ t; they only issue liability coverage for the bare minimum required by the State of Colorado: $ 25,000. This is not enough coverage. If you are insured by Fred Loya, assume that your other assets, such as your home, are at risk if you get in an accident because your policy is too low to cover most damages from an accident.
If you are covered by a different, respectable company, why should you care? Two reasons:
1. Even if you have good insurance, if you get hit by a driver with Fred Loya insurance( a growing risk as the company expands in Colorado), you will likely never get what you need to cover damage and healthcare costs.
2. Our community’ s at-risk populations are struggling enough as it is. We should all be angry at a company that makes life even harder for them.
I urge you to get the word out today. Share this article with those you know. We must protect our community from companies like Fred Loya Insurance.
Don’ t forget to check your own policy in the meantime to be sure you have enough UIM – uninsured / underinsured motorist coverage – in the event that you are hit by one of these drivers with the barest minimum of insurance.
Contact me if you have questions: 303-388-5304. www. thunderroadscolorado. com September 2016 Thunder Roads Magazine ® Colorado 9