TexasCHLforum.com

Keith B wrote:

jmra wrote:
Insurance is such a racket. I've never had a homeowners claim and still my premium goes up significantly every year.

Insurance rates are based on everyone else's claims. One of the major problems we have are those people who turn in every little thing to insurance. This drives all the rates up as we have to pay into the pot to keep the companies base stable.

However, I sometimes wonder if we aren't getting taken to the cleaners anyway if State Farm can afford to build their new campus in Richardson. I work close to here and it amazes me what they are putting in there.
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State Farm has more money than the U.S. government. I know I have given them thousands of dollars over the years.

jimlongley wrote:My late wife was an "insurance professional" and the thoughts she expressed on insurance, and especially insurance salesmen, were not always fit for public consumption. Although these guys will tell you they are looking out for your best interest, their eyes are always on that bottom line.

Nothing against your late wife's vocation, but sometimes insurance salesmen are lumped into the same category as "used car salesmen."

jimlongley wrote:CHL holders are less likely to be arrested and need [pre-paid legal] than any other demographic, so getting us to sign up for a plan that covers those "OH NO!" moments when we act inappropriately or just lose our minds is a good risk for them, and they can probably get away with calling it "insurance" the same way I call my guns and fire extinguishers insurance.

Of course they are going to look at the low risk of CHL holders arrested and charge enough in memberships so they make money. Anyone who starts a business that resulted in more money going out than coming in is a fool. That is why insurance companies don't like to insure drivers who get in accidents or have DWI convictions.

These guys are lawyers and they are not fools. They are very careful in the way they wrote the contract and purposely didn't use the word insurance to describe their services.

I saw on their website that they have over 80,000 members.
That's a lot of money they must be bringing in.
I also noticed on the contract a place for the name of the sales rep or person who sold or solicited the contract.

Dori wrote:

WildBill wrote:I thought that the [pre-paid legal] contract was only for cases related to concealed carry?

I guess we'll find out what it covers. Probably not a peel.

dr9 wrote:The Beaumont guy with an AR15 at the mall has a [pre-paid legal] lawyer. See YouTube video.
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http://m.youtube.com/watch?v=05OQj4rmNL0

I thought that the [pre-paid legal] contract was only for cases related to concealed carry?

Ruark wrote:After some years, I'm STILL waiting to read a real life, first hand experience from a CHL holder who shot somebody with his weapon in self defense and utilized one of these services. I'd like to know what actually happened, what they actually DID and when they did it. But so far, nothing.

Given the small number of CHL involved shootings and the much much smaller number of [pre-paid legal] customers, it wouldn't surprise me if their aren't any examples.
It's actually a good business model - money coming in - no money going out. Other than advertising, it's all profit.

When I got my CHL I checked one of the companies that offered this type of service. I don't recall the name of the company. When I sent an email to get a copy of the actual contract they told me I would get a copy after I signed up. That seemed fishy to me.

I am not endorsing [Pre-paid legal service], but their website actually has a copy of what you are signing up for. That is a good sign.

Some people refer to this as "insurance". I am not a lawyer, but in my opinion it is not insurance since the providers are not licensed to provide insurance in the state of Texas.

I am not sure what it would be called other than a contract or retainer to provide legal services. As a layman, I can't be certain of that.