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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (43572)	10/15/2005 3:22:02 PM
From: Broken_Clock	Respond to of 110194

We've been triple whammied. Big Island has never had a hurricane hit here. Kauai has been hammered twice since 1982. So the State bailed out kauai by doing a State wide hurricane fund which tacked on a premium for al of us to help out Kauai. Since we haven't had a hurricane since Iniki the State decided to take all the bucks they took from us, drop the hurricane fund and slip the bucks back into the general fund. That on top of the fact that lenders, the State and insurance companies have been doing a circle jerk for about 15 years now on which one of the three "currently" requires hurricane insurance. After Florida last year the insurance companies I polled here told me car insurance as well as homeowners were raised because of Florida losses for hurricanes. Thankfully, my home will soon be debt free so i can pick and choose what type of insurance I need. -g- I don't begrudge Florida or Kauai there hurricanes, I don't even mind helping them out with my premiums being raised. I just want a cut of the profits when they sell their overinflated properties for windfall(there's irony for you) profits. -g-