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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (337288)	5/11/2007 2:32:08 PM
From: bentway	Read Replies (1) \| Respond to of 1575603

Do you carry earthquake insurance?

To: Tenchusatsu who wrote (337288)	5/11/2007 7:59:17 PM
From: Road Walker	Respond to of 1575603

re: I guess these wacky insurance companies will come up with any excuse. A little different here. The insurance companies have doubled rates, and canceled more than half their policies. ~50% of people are now insured by the "state insurance" company, which doesn't have adequate reserves. The legislature passed a bunch of subsidies for the insurance companies, and promised rates would go down 25-30%. But people are getting canceled, then offered to reinstate at a 40% increase. This is happening at the same time that property taxes have ballooned because values have doubled in the last 5 years. So people are fuked, especially fixed income retirees and young folks trying to buy their first home. Not a healthy situation in Florida... and June 1st starts the hurricane season.

To: Tenchusatsu who wrote (337288)	5/12/2007 12:39:59 PM
From: tejek	Respond to of 1575603

JF, I forgot who originally insured my home when I first bought it, but after the 2003 California wildfire season, my policy was cancelled because my house is within 2,000 yards of a nearby forest (or something like that). Which made me think, "What house around here isn't?" I guess these wacky insurance companies will come up with any excuse. CA has a long history of insurance problems. There are problems with the gulches, the brush, the Eucalyptus trees, earthquakes, narrow streets in the Hollywood Hills and other hilly areas, slipping land, flash flooding etc. That's why the state set up a special fund for providing insurance where insurance companies refused to write. I suspect that's the wave of the future for many states, not just CA.