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  1. #1
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    Default Union de Seguros - CLOSED DOWN

    I'm probably the last one to find out, when I went to renew my car insurance the office in Santiago was closed down. All phones number are not in service. So went to another insurance company and they turn me that Union de Seguros had gone into bankruptcy so to speak.

    So evidently I have been driving with no insurance for many months.

    Just in case I'm not the only one that did not know.

    The following Insurance company is no longer in business here:


    Ejecutivos de Unión de Seguros dejaron de pagar RD$70 millones
    La Unión de Seguros fue cerrada por la DGII hace tres días y el diálogo también

    http://www.diariolibre.com/economia/...nes-CCDL933441
    Last edited by SantiagoDR; 09-22-2015 at 05:01 PM.

    Stay Calm, The Moderator is Here

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  3. #2
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    Wow that sucks

  4. #3
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    Good thing I did not have to use the insurance - Nothing is sacred here!

    Stay Calm, The Moderator is Here

  5. #4
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    Quote Originally Posted by SantiagoDR View Post
    I'm probably the last one to find out, when I went to renew my car insurance the office in Santiago was closed down. All phones number are not in service. So went to another insurance company and they turn me that Union de Seguros had gone into bankruptcy so to speak.

    So evidently I have been driving with no insurance for many months.

    Just in case I'm not the only one that did not know.

    The following Insurance company is no longer in business here:


    Ejecutivos de Unión de Seguros dejaron de pagar RD$70 millones
    La Unión de Seguros fue cerrada por la DGII hace tres días y el diálogo también

    http://www.diariolibre.com/economia/...nes-CCDL933441
    This is related to the Banco Peravia closing/scandal....I am not surprised.

    While you may have been driving without benefit of insurance....the silver lining is....you did not need to try and use it.

    Time for you to get new insurance ASAP.


    Respectfully,
    Playacaribe2

  6. #5
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    I bought new insurance today after I found out they were closed down.
    Since I pay annually, I did not know about the shut down until renewal time.

    Stay Calm, The Moderator is Here

  7. #6
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    They were notorious for not paying claims. They used to be owned by the Cortiña family...who lived big.

    The next-worst company is Patria, who also do not pay claims.

    Use the major players: BanReservas, Universal, Palic....


    HB
    Moderator DR1.com

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  9. #7
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    Quote Originally Posted by Hillbilly View Post
    They were notorious for not paying claims. They used to be owned by the Cortiña family...who lived big.

    The next-worst company is Patria, who also do not pay claims.

    Use the major players: BanReservas, Universal, Palic....


    HB
    I am with BanReservas "Seguro full" (Had no choice since they financed my car but happy to be with them). Twice I was hit and they paid without any problems.

  10. #8
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    I NEVER pay for anything in advance here.
    Insurance, school tuition,service contract,NADA, a dominican looses all incentive to give any service, once they have your money.
    Wanna be sure you never see a maid,carpenter, plumber, mechanic,or painter again, pay in advance.
    Want a Domiican out of your life forever, loan them some pesos!

    CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

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  12. #9
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    Quote Originally Posted by Hillbilly View Post
    They were notorious for not paying claims. They used to be owned by the Cortiña family...who lived big.

    The next-worst company is Patria, who also do not pay claims.

    Use the major players: BanReservas, Universal, Palic....


    HB
    Until this shut down, I had no problem with them,
    My first car was nearly totaled while it was parked!
    They paid to have it repaired, no problems.

    I heard Monumental was bad for paying, but they also paid me when a City truck hit my car, again, it was stopped and not moving.

    Another time I was stopped at a traffic light and a woman driver ran into the back of the car.

    I guess the lesson learned here is:

    Keep it moving to avoid getting hit.

    Stay Calm, The Moderator is Here

  13. #10
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    Typical Dominican third world event. And where was the government in charge of policing the insurance companies? Nothing is for sure, nothing is sacred, no one is safe. Congratulations on your good fortune, you are a very lucky person.

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