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post #1 of 28 (permalink) Old 01-01-2012, 01:56 PM
MKM Landscaping
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Ams

What is with them wanting all my fleet vin numbers for there system
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post #2 of 28 (permalink) Old 01-01-2012, 02:18 PM
mbobbish734
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I don't think I would comply.
post #3 of 28 (permalink) Old 01-01-2012, 03:28 PM
Metro M & L
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So they can take your assets when they file bogus claims on your work.
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post #4 of 28 (permalink) Old 01-01-2012, 04:53 PM
MKM Landscaping
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The homepage says I will be locked out if I don't comply LOL.If I was only that guy who cared
post #5 of 28 (permalink) Old 01-01-2012, 05:05 PM
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That's on the HUD side which is actually not AMS anymore but MAAG. AMS is supposedly helping MAAG get going as they are a new company less than a year old but where able to get the HUD contract in some areas due to minority status. Since MAAG has fully taken over they are easier to work with THAN AMS is. They nearly doubled an initial for me on a property 100 miles away they could not get serviced...............
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post #6 of 28 (permalink) Old 01-01-2012, 05:15 PM
MKM Landscaping
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very interesting.I have plenty of HUD routines but am not putting my Vin's into the system.I will just keep the Fannie work and let them find some one else.
post #7 of 28 (permalink) Old 01-01-2012, 05:34 PM
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Quote:
Originally Posted by MKM Landscaping
very interesting.I have plenty of HUD routines but am not putting my Vin's into the system.I will just keep the Fannie work and let them find some one else.

They already have it if they have your insurance info as your VIN is listed on your insurance info for all of your company vehicles so no worries. I believe it is a way to make double sure your covered as i don't think you can get a Cert. Holder on auto??

In most states nowdays, vehicle identification numbers are electronically transmitted by the insurers to a state insurance database and are cross-referenced with the vehicle identification numbers on tag and title databases.

If a transmitted VIN matches a VIN on the tag and title database, a valid insurance coverage indicator is placed on the vehicle’s record. This is why in many states, cops do not ask for proof of insurance anymore when they pull you over. They already have it!
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post #8 of 28 (permalink) Old 01-01-2012, 05:54 PM
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Insurance

I had 2 companies that wanted to be put on as additional insured on my auto policy and w/c policy. Are you kidding me.
I explained that there is no reason for them to have that and their answer was "well we need to be covered".
A. If anybody employee gets hurt it is against my policy and they are out of it.
B. If I get into an auto accident how does that effect them?.
I refused so they wouldn't give me the work. Oh well have a nice life.
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post #9 of 28 (permalink) Old 01-01-2012, 07:28 PM
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I would love to tell ya why these companies want to be listed on EVERY policy a contractor has as an additional insured but I can't until the Statute of Limitations Expires.....
post #10 of 28 (permalink) Old 01-01-2012, 08:31 PM
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Quote:
Originally Posted by FremontREO
I would love to tell ya why these companies want to be listed on EVERY policy a contractor has as an additional insured but I can't until the Statute of Limitations Expires.....






Some of us already know.


Hell I don't have statutes of limitations on me. lol
Plain and simple if they are additional insured (AI) they are able to turn a claim into your ins at any time they wish. Leaving you stuck with paying the deduct each and every time.
Along with requiring each contractor to have 1 mil coverage they are now able to go to the bank and BS the bank into thinking they carry a $100 million policy to protect their assets.

This is the reason that agents such as mine, and others, recommend NOT giving all these service companies AI on your policy. Instead giving them cert holder.
In response the service companies like Safeguard start requiring you to buy insurance, yes I said REQUIRING, from their favorite ins companies and then denying your coverage from a local agent as not good enough.
Reason for that is these guys favorite companies have negotiated DEALS, like politicians, with these exclusive ins companies so that the service companies are much easier to issue back charges on your insurance policy. Causing your rates to increase big time over some thing that you have no control over.

Sound like BS???


It does to me too.
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