Don't own a house? Don't plan on buying one!

[Dolfan]

I suspect that the insurance companies jack up the rates on the 'non-claimers' to cover big payouts for things like Hurricane Katrina.

Absolutely not!

When Wilma hit here, same year as Katrina, insurance co.'s just didn't & couldn't have enough in reserve to cover the massive losses, which were in excess of $29.1 BILLION. 

First, there's no way an area can have anywhere near enough roofers, screeners ... to make repairs so the entire area falls prey to invading repair companies, totally unscrupulous & they all up their prices, sometime by 3, 4 or 5 fold, offering 20 year warranties & then going out of business within 2 years. 

Replacing my screened in pool area, which was $5,000 to install a year prior, was allocated nearly $25,000!  More than my shingle roof.  And the insurance paid up.

My insurance did file a bankruptcy & the state took receivership, then offered alternative policies (state-run) when the insurance industry declined everyone's renewal.  Since then, the insurance companies have come back little by little, easing the pressure for the state's fund but that is only because we have not had another hit since then.

Katrina cost $81 BILLION, 1/2 of that insured, but that does not include the economic impact.  The US gov't reportedly gave New Orleans $200 Billion and experts claim the gov't could've just given every family $400,000 & spent the same! 

Absurd, right?

[Just Saying]

Oh, your right; Insurance Cos. don't use 'cost shifting'. What the hell was I thinking...

[Jeremy]

Looks like someone misinterpreted a post

[Dolfan]

Oh, your right; Insurance Cos. don't use 'cost shifting'. What the hell was I thinking...

I live 18 miles or so inland. 

Every hurricane that has hit South FL did crazy damage within the 5 miles of the coast line.  Except Wilma, which came in through the Everglades, which I am less than 2 miles from. 

When the insurance company wrote my check for $50,000 it paid for many, many years of "cost-shifting" premiums.

You make me laugh with this terminology when it has been proven that there are no guarantees on who gets hammered.

[Jeremy]

I live 18 miles or so inland. 

Every hurricane that has hit South FL did crazy damage within the 5 miles of the coast line.  Except Wilma, which came in through the Everglades, which I am less than 2 miles from. 

When the insurance company wrote my check for $50,000 it paid for many, many years of "cost-shifting" premiums.

You make me laugh with this terminology when it has been proven that there are no guarantees on who gets hammered.

I think he meant that people that live in Illinois or Ohio will pay higher premiums because of the places that are close to disaster.

Of course, the regional insurance companies in that area went bankrupt.

[Danville]

I live 18 miles or so inland. 

Every hurricane that has hit South FL did crazy damage within the 5 miles of the coast line.  Except Wilma, which came in through the Everglades, which I am less than 2 miles from. 

When the insurance company wrote my check for $50,000 it paid for many, many years of "cost-shifting" premiums.

You make me laugh with this terminology when it has been proven that there are no guarantees on who gets hammered.

When I was working at the Union Carbide facility in Texas City, TX we had purchased a home in League City TX. That town is maybe 20 miles from Galveston and the Gulf of Mexico. One of the requirements established by the lending institution was that the property be insured as would a normal home PLUS we had to buy flood insurance which even then was a bit pricey since we were in the Gulf/Galveston Bay flood plain.
In my mind anyone living in places like South Texas, south LA, MS, ALA and all of Florida should find that flood and/or storm insurance is mandatory unless you own the place free and clear. Then it's up to you. BUT to see our insurance bills sky rocket in central Kentucky by over 70% isa bit frustrating.
I'll wait here and see if what's his name can tell me what I really meant.

[Jeremy]

I'll wait here and see if what's his name can tell me what I really meant.

Instead of waiting you can reply to the thread where you said I have a lefty mind even though I am right of center.  Sorry you cannot grasp that other people have comprehension skills.

[Dolfan]

I just think it's been proven that there are disasters everywhere from tornadoes to hurricanes to earthquakes and floods.   These disasters are just waiting to eat up your life savings or property insurance company. 

We pay very high rates here for our risk and I'm certain that it's no different in other high risk areas but no doubt those areas are expanding.

[Danville]

Instead of waiting you can reply to the thread where you said I have a lefty mind even though I am right of center.  Sorry you cannot grasp that other people have comprehension skills.

Some people may !!
You ?----not so much !!!

[Jeremy]

Some people may !!
You ?----not so much !!!

wow, you really burned me.  Here I thought you only thought I was stupid because you thought I was a crazed left wing wacko.

I'd still bet 14 first class forever stamps that I know what Just Saying was talking about...

[Danville]

wow, you really burned me.  Here I thought you only thought I was stupid because you thought I was a crazed left wing wacko.

I'd still bet 14 first class forever stamps that I know what Just Saying was talking about...

Guy once told me that I'd find, when arguing with idiots, that they (the idiot) would be trying to raise himself to an intelligent level by trying to justify his stupid remarks. The guy was right and you just proved it so-----------------we'll se you later. Now don't bother me again sonny !!

[pezz97]

Guy once told me that I'd find, when arguing with idiots, that they (the idiot) would be trying to raise himself to an intelligent level by trying to justify his stupid remarks. The guy was right and you just proved it so-----------------we'll se you later. Now don't bother me again sonny !!

Yup that guy was very right and the more you post, the bigger idiot you become.

[Jeremy]

Yup that guy was very right and the more you post, the bigger idiot you become.

I think the guy was arguing with Danville at the time.


Make fun of Hilary Clinton's looks... don't own up to it but instead blame it on how women are viewed in the middle east

Call me a lefty (not left handed) be informed of my voting record... completely ignore that and not apologize for being incorrect, but say I can't comprehend things...

 not to mention seems to refuse to believe that someone could tell what Just Saying meant about cost shifting in less than 150 words.

[beans and weenies]

I think I am fairly openminded. ( my kids can stop laughing now )  lets just agree that some people will rub some people the wrong way no matter what is said.  Doesn't make them more stupid or more smarter it is just mother nature having a good time.  That 's my thought and I'm sticking to it.    Now you all have a good day.

[AmyHollar]

You just know you are cuter than Hillary