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Comments on: Insurance Woes
https://whynow.dumka.us/2006/10/28/insurance-woes/
On-line Opinion Magazine...OK, it's a blogSun, 29 Oct 2006 15:19:26 +0000
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By: Bryan
https://whynow.dumka.us/2006/10/28/insurance-woes/comment-page-1/#comment-18286
Sun, 29 Oct 2006 15:19:26 +0000http://whynow.dumka.us/2006/10/28/insurance-woes/#comment-18286That’s the reality, Alice. The recent changes the legislature has made make it even less likely that the insurance companies will pay in the future. Only the Federal flood insurance program and FEMA loans have been forthcoming and the FEMA loans aren’t as certain as before the Republicans took over.
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By: Alice
https://whynow.dumka.us/2006/10/28/insurance-woes/comment-page-1/#comment-18283
Sun, 29 Oct 2006 14:36:26 +0000http://whynow.dumka.us/2006/10/28/insurance-woes/#comment-18283My mom (retired) lives in Seminole on the inland waterway. I was down there recently chit-chatting with her neighbors (all retired) and discovered a number of them have dropped their homeowners insurance. Their thinking is based on how the insurance companies are handling damage claims in Florida. To them, it makes no sense to pay out an annual premium and not have the insurance company live up to the contract. If a hurricane flattens or extensively damages their property, they’ll take out a mortgage and use the land as collateral and worry about insurance at that time. Until then, to them there’s no point in paying for insurance that in effect doesn’t protect you.
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By: Bryan
https://whynow.dumka.us/2006/10/28/insurance-woes/comment-page-1/#comment-18282
Sun, 29 Oct 2006 14:29:21 +0000http://whynow.dumka.us/2006/10/28/insurance-woes/#comment-18282It will get to Texas in short order, as they are canceling policies in all coastal areas. They want to make money risk-free and the Republicans encourage this thinking.
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By: Steve Bates
https://whynow.dumka.us/2006/10/28/insurance-woes/comment-page-1/#comment-18278
Sun, 29 Oct 2006 09:37:49 +0000http://whynow.dumka.us/2006/10/28/insurance-woes/#comment-18278These days, I think we need a new definition.
Insurance is the assumption of a risk for a fee…
… except for the part about the assumption of a risk.