Re: New policy in home insurance - Use it. Lose it

[Guest guest]

bmc> http://www.siliconvalley.com/mld/siliconvalley/4534300.htm

bmc> New policy in home insurance

bmc> Customers discovering if they use it, they lose it. Companies dump those

bmc> with water-damage claims

It's not only water claims. If you have certain breeds of dogs or

exotic birds or animals, you won't get insurance unless you pay high

risk premiums. If you have bad credit, you might not even get

insurance because you're a high risk for burning your house down.

I think the time has come for regulation and revelation of the

insurance industry to expose the underwriters' net profits and

open their books to us. What the hell good is paying for

insurance when you are going to be dropped for entering a legitimate

claim? I know that many a greedy lawyer is to blame for frivolous

claims in exorbitant amounts. What the hell good are claims adjusters

if you can't put in a claim or collect on one? What the hell good are

insurance agents if knowing you on a personal level can't vouch for

your honesty and integrity. Why bother paying higher rates for the

middleman? They're nothing but paper pushers and mail drops for late

bills anymore.

THE SOLUTION:

1. Forget low deductibles. You might as well not file for anything

less than $5000 or you'll find yourself without insurance. Get only

catastrophic coverage.

2. Pay into an escrow account for those smaller damages for a local

co-op pool of handymen to have minor repairs made for damages.

The insurance companies don't want our business anymore - not unless

you pay their price and guarantee them that you won't file any claims.

This is the biggest fraud yet perpetrated upon the American public.

Why aren't more people hollering or doing something about it?

3. Before you buy a car, consider the insurance rating on it and ask

first how much insurance will premiums will be. My car insurance rate

went up considerably for 2 reasons that were explained to me. The first

was the normal hike this year for insurance. The second was that my

compact Ford Focus station wagon is classified as #15 [replacement value?]

- same as an SUV! I wrote to Ford over a month ago to explain this, but

still haven't gotten an answer from them. I have requested more

information from the insurance companies about this, but I still get

no answers. My next car will be a #2 piece of crap.

4. Maybe we could pay insurance to the glass companies and auto body

shops instead. Spread the wealth a little bit. It would also reduce

the costs of repairs considerably given the fact that most repair

shops factor in the deductible by adding it to their tabs for the

insurance companies.

It's time for the insurance industry to become accountable for their

increases and failures to provide the services that they have

contracted with us. I'll bet that if you nailed down who the

underwriters are and what their assets are, you'd find that they are

crying wolf all the way to the Cayman Island and Swiss banks.

Barth

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