The Loya Insurance Group

The Loya Insurance Group comprises multiple companies, including Rodney D. Young Insurance and Fred Loya Insurance. The Loya Insurance Group has more than 500 offices in Alabama, Arizona, California, Colorado, Georgia, Illinois, Indiana, Missouri, New Mexico, Nevada, and Texas. Their website states they offer “competitive rates…regardless of your credit or driving history.”

The Loya Insurance Group offers a variety of insurance plans, complete with payment plans to accommodate their customer’s budgets and needs. As a result, the adjustors at Fred Loya Insurance often handle several claims simultaneously.

In 2012, the Loya Insurance Group was fined $300,000 by the State of Texas for “false advertising” after the state was made aware that they were not fulfilling their guarantee of offering discounted insurance policies.

Nonstandard Insurance, AKA “High Risk” Insurance

The Loya Insurance Group is well-known for tailoring its marketing campaigns to appeal to drivers considered “high-risk” drivers or uninsurable by other auto insurance companies. This kind of insurance is referred to as “nonstandard insurance.” Drivers may be labeled “high risk” for many reasons, including having:

• Past accidents
• A previous DUI
• A significant number of traffic violations, including speeding
• An address in a high-risk driving area
• A vehicle that is designed for speed and racing

Young Drivers May Also be Labeled as “High Risk”

Nonstandard insurance is primarily intended for high-risk drivers. As a result, more often than not, nonstandard policies issued by the Loya Insurance Group tend to be very basic. Texas law only requires drivers to carry a minimum coverage amount of $30,000.00 per person and $60,000.00 total per accident for bodily injury liability coverage, and $25,000.00 for personal property. This is referred to as a “minimum limits policy.” 

Nonstandard policies are usually stripped down to keep costs as low as possible for the insured and offer no underinsured/ uninsured motorist coverage or personal injury protection. If you file a claim with the loya insurance group, there is a good chance that you will find yourself having to deal with a nonstandard insurance policy.

The Named Driver Exclusion

In the cases of nonstandard insurance, it is widespread for the policy to include a Named Driver Exclusion. This means that specific people are listed as “excluded drivers.” If they are involved in an accident, no insurance coverage is included, whether or not they had the owner’s permission to drive the car. In simple terms, the insurance coverage will be voided if this person is driving the vehicle and is involved in an accident. These exclusions are often used when there are minors in the home.

Sadly, some drivers will use this type of policy deceptively. For example, they may choose to pay the premium in installments. This allows them to get an insurance card, which they may need in the car if they are pulled over while driving or renew their driver’s license.

Then, they stop making the monthly payment. In other cases, they may convince someone to purchase the policy in that person’s name. This allows them to have an insurance card readily available, even though the policy does not cover them. In the end, if you are involved in an accident, you may be handed an insurance card that doesn’t include any coverage.

The Loya Insurance Group Claims Adjusting

The Loya Insurance Group and Rodney D. Young don’t make big profits by paying generous claims like other insurance companies. Instead, they commonly offer a subpar first offer. You may also receive a denial due to the Named Driver Exclusion or because the client is uncooperative. His risk drivers tend not always to act responsibly when replying to their agent’s questions. 

In addition, the fact that the Loya insurance group and Rodney D. Young usually offer a mere $30,000 in coverage means that you may lack the insurance benefits you need to pay for your medical expenses. In this situation, you may have to negotiate your medical bills down or open an underinsured motorist claim with your insurance company.

Get the Help You Need

If you have been involved in an accident with someone covered by Fred Loya or Rodney D. Young, you may already be dealing with the abovementioned issues. It’s time to learn what legal rights you have. With one phone call, you can receive an initial consultation for free. Additionally, you will never be charged attorney fees or case expenses unless a recovery is made on your behalf.

Don’t try to fight the Loya Insurance Group on her own. Call Simmons and Fisher, P.C. today, and let us fight them on your behalf.