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FIND YOUR DREAM HOME OR APARTMENT
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I had a leak on the third floor of my 3 family house that went down to the cellar
destroying a bathroom floor/ceiling dinning room/living just compled hard wood floor
and carpets on the first floor
The insurance company estimated the job to cost $3.200 to replaced same
But only give me $1.200.00 I change them the next day
The packages being offered to home owners does'nt your needs
The government should get more involved .
OK I have listen or actually read the comments posted so far on this topic. And it is a very good topic if you are willing to look at all side of this ever growing problem of Insurance and rate(s) associated with them. So in a nut shell I will try to cover a few of the basics everyone should take into consideration when lashing out at the insurance companies as a whole.
If you have not figured this out yes I am an insurance agent that owns and operates a very successful agency. The main reason insurance rates go up is because of false and fraudulent claims that are filed each and every year. I pay the same rates as someone who does not sell insurance. So here me out as I go on.
I have seen many false claims and have even witnessed a few in the making (staged accidents) just so they (the crook, the insurance fraud filers) can try and get a quick chunk of cash for lying cheating and stealing. If everyone who sees or knows someone committing a fraudulent claim; turned them in for fraud our rates would decrease dramatically as a whole around the world. The next reason is the people that don’t carry insurance, People we are paying for them to drive around without insurance crashing into the people that are responsible enough to carry insurance. If everyone turned the non-insurance carriers in this would also curve the impact on our rates we pay today.
The other problem is the people driving around without a driver’s license…Really if you are helping someone who can’t have a license or a car registered in their names and provide them a way to drive. Really see the problem there? Now they are having accidents; who do you think pays for that? WE DO through our rates. So if you really want rates to go down help combat against these problems.
Otherwise the insurance companies will pass the buck onto us to fund the coverages needed to protect everyone as a whole. Now I could go on for hours pointing out why rates are the way they are. But for now I think you get the picture. I don’t like my rates either and it pisses me off when Non-licensed and Non-insured’s are on our roads causing damage and killing the innocent. I lost some to that very same incident / scenario. It is a major problem.
I became an agent to help others I am sorry for the way rates are but now you have another angle to look at when it comes to insurance rates. You want them to go down? Then turn in the real problems and the real reason our rates are so damn high into the local law enforcement centers. If you do know someone that screws the system and is out there with no license and no insurance and you do nothing about it. Then stop complaining and move on. Same problem on the home insurance side it effects the rates there as well.
It amazes me how many people do not read their insurance policies. Home, car, or umbrella policies. I always "shop" around, choose my deductibles and read the entire contract. Another thing I did was to take pictures of every room with close ups of anything expensive to replace. Update after any remodel or replacements. Then take some from the outside. Transfer to a CD or flash drive and place in a fireproof safe.
I have a replacement value policy which adjusts each year to inflation. It goes up a few dollars each year but is worth it to me for the piece of mind. I believe in pay a little now or a lot later. A good example is the Yarnell fire in Arizona last year. Numerous home owners chose not to have insurance then cried poor mouth when they lost everything. Some were summer homes so not important enough to insure. The point is we all have to take personal responsibility for our choices.
One thing to watch for is their "amendments", generally sent out with a renewal notice. Always read them carefully. Don't wait for something to happen. Know before hand.
I like how it says "may" not cover.
Insurance companies will always try to deny a claim and protect their reserve. In litigation, they always pay.
Shame, that after paying premiums their whole lives, the one time they need insurance companies to step up it has to be thru the court system.
The corrupt Republican INSURANCE corporate MONARCHY has STOLEN BILLIONS & BILLIONS of dollars from the AMerican People over the years! NOTHING SURPRISES ME when it comes to the OUT OF CONTROL CORRUPT Republican corrupt MONARCHY! They have STOLEN SO MUCH from the AMERICAN PEOPLE that it FEELS NORMAL TO THEM !!
Never a day goes by that there is NOT SOME of their BLATANT CRIMINAL CORRUPTION showing up in the news and even when it does, the "bought & paid for" news media SLANTS THE TRUTH OR OUTRIGHTLY LIES TO US!!!
I am an insurance adjuster for a large insurance company. Here's a news flash. . . it costs MONEY to own a home and to maintain it. Insurance is not there to maintain your home. Insurance is great to have because when you need it, it will help. Many people I deal with do not realize that things like wear and tear are not covered. If you don't want to maintain a home, then don't buy one!