Losing your Insurance Value
“Do not drink and drive”: you hear everyone say it, you read it everywhere, it’s a common reminder that people impart to their loved ones. With the lots of campaigns against driving under the influence of alcohol, the practice is still rampant. The President and Chief Operating Officer of the Mony Life Insurance Company (Mony Life), Sam Foti, is one of the leading experts when it comes to how driving under the influence can affect your insurance.
Mr. Samuel Foti has led and managed the Mony Life since 1994. The Mony Life is a subsidiary of The Mony Group Inc. which produces and distributes different kinds of life insurance, retail brokerage, and asset accumulation products and services to persons, companies and also institutions. Sam Foti is a recipient as well of the Huebner Gold Medal, an award that is given by The American College to those who significantly contributed and given back to the institution.
You may not realize it but if you get convicted of driving under the influence, you lose important insurance protection too. Drinking and driving is not just illegal, it is communally and morally reckless too. This offense results to lives being lost, damage to property, and injuries to you and to others moreover.
Loss or damage to any vehicle primarily caused by driving under the influence will not be paid by insurance companies. Furthermore, any loss or damaged incurred by anyone caught driving with more than 80mg of alcohol in their bloodstream or even refusal to provide breath sample will not be covered by the insurance company.