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