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Homeowner Insurance Companies
06-16-2017, 08:43 PM (This post was last modified: 06-16-2017 08:44 PM by Mike G.)
Post: #1
Homeowner Insurance Companies
If you own a home at some point you will have to deal with these complete assholes.

What is 25 insurance agents at the bottom of a sea?

Yes whatever lawyer politician joke is there you can just insert insurance agent.

If ever there was a cover their ass industry it is homeowners insurance. What breed of dog do you have? Do you have a pool a trampoline? Do you have a deck? How far from the fire station is your home? Do you have smoke detectors? How old is your roof? How often do you clean your chimney? How many heat sources do you have?

If you answer wrong to any of the above questions Buzzer we deny your policy.

I recently had an asshole evaluate my home from Google Earth.

This industry is about to implode and when they do don't be surprised when those other pricks down in Augusta move to require mandatory homeowners insurance to bail them out.
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06-17-2017, 09:16 PM
Post: #2
RE: Homeowner Insurance Companies
We bought the home we are in back in Summer 2009 after a long search for the right property. We had two other homes we were selling so we only needed to borrow money for a short time.

Because we used the place as part of the collateral on the loan we had to have insurance on it. Our other sales went real well and we had the small mortgage discharged later that fall. Now we own it outright, a situation we are very comfortable with!

A few weeks after we insured it I got a call from a home inspector who had been hired by the insurance company to take a look at the place. He came by and did his thing, the outside was all he looked at, but did ask a few questions about the heat and so on. Did not have a wood stove in it at that moment, thankfully!

I had looked at the place pretty carefully before we bought it. I had been up on the roof and saw it was getting time to redo it. Also saw that the northern end of it had been redone at some point. When I went inside I saw that the kitchen and living room had "glitter" ceilings but the two bedrooms and the bath had a flat ceiling, that having been redone also. So I figured that there had been ice dams on the roof and water had done some damage to the house, at some previous time. I do have to keep the snow off the roof so my original thought was pretty close.

A few weeks after the "inspection" we get this very formal letter from the insurer: basically "screw you" as they had cancelled the policy! When I called they told me it was because of the roof. I suspect that they have a data base available to all insurers, with the claim history of every home in the country that has ever been insured. If your place is on that you are in deep doo doo!

I think the insurance industry is, as you say, worse than tapeworms in a dog! Parasites completely. If you took the cost of repairing every home in America, and added it all up, it would be a "finite" number. I don't know what it is but there is a number for all the costs!

Then add on the entire overhead of the entire insurance industry.....then add on the 20% or larger profit for the entire insurance industry and you can see that that "finite" number just got a whole lot bigger, than what it would have been if everyone paid to repair the damages to his own place to start with.

The insurance industry is indeed a parasite....a HUGE one in fact.

How much money do you think the insurance industry has added to the total cost of American's healthcare?

Scary to think about isn't it!

We have not had insurance on our home in 8 years! We are accepting the risks just like my grandparents did! You can't truly be FREE unless you are completely responsible for yourself!

Security (insurance in this case) has a very HIGH cost!

My FREEDOM is more than I want to pay!

WC
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06-18-2017, 07:58 AM
Post: #3
RE: Homeowner Insurance Companies
An inspection means they have decided to cancel you and they are coming to get the reason. I currently have been notified that they want to inspect so I am shifting companies and will terminate my current policy before they cancel me. Very small satisfaction, I know.

I remember a story where a natural disaster destroyed a community and neighboring Armish town. The self-insured Armish town was rebuilt immediately, years ahead of the people waiting with their expensive insurance policies to settle their claims.

Where would we be if we set asside the money we give to insurance companies to be used by ourselves if a real need arrises. I have paid a giant sum to insurance companies most of my life and never collected one cent from them. They have my money and I have nothing but low expectations if I ever need them to actually pay for something. It's time to change that.

After tornado, Amish rebuild in a hurry
http://www.philly.com/philly/news/201603...?mobi=true

Plain Mennonites rebuild after Hurricane Katrina-video
http://amishamerica.com/plain-mennonites...e-katrina/

Months After Storm, Mennonites Stay and Rebuild
https://mobile.nytimes.com/blogs/cityroo...aster+&ql=

Amish Rebuild After Fire
http://heartlandsage.blogspot.com/2012/0...e.html?m=1

Devastated Towns In Good Hands With Mennonites
http://articles.chicagotribune.com/1985-...nado-amish
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06-18-2017, 09:36 AM (This post was last modified: 06-18-2017 09:56 AM by woodcanoe.)
Post: #4
RE: Homeowner Insurance Companies
I have had "builder's liability" insurance off and on for over 35 years.I went to renew it several years back after not having it for a while. The agent asked me how much roofing I did. Well I do a roof when I build a place and repair roofs as people need them done. So I didn't really know how to answer her

She told me "roofing" had become a high claim field and that if I did much roofing I was going to pay a high price for insurance. I asked her to look at my claim history. She got back to me and was blown away: "Oh you have not ever had any claims on your insurance have you?"

So I said to her now do you see why I am offended by such a high premium for my insurance? So I have a "remodeler's policy" (when I have it which is not all that often anymore) which allows me to do 20% roofing. I have a "don't ask-don't tell" policy on that also. They don't ask me how much roofing I do and I don't tell them.

Workman's comp is the worst of all. I could tell you horror stories about it. The insurers have 100% control over the contractors. Either follow their rules or they cancel you. It is mandatory if you have employees so you are screwed from the start. My youngest son works for an excavation contractor in Bangor and they are going to MANDATORY gatherings and seminars all the time. It is just crazy but the contractor has no choice.

Back in the late 80's I had 6 employees and was one of the original people insured when they stated Maine Employers Mutual Insurance Co. One afternoon I got a letter telling me that I had to attend a MANDATORY weekend safety seminar in Westbrook! So I called them up, really po'ed of course. I asked her why this stuff. She told me that if I did NOT attend they would cancel my policy and I would be done!

So I told her that I had had my own business for around 20 years, and had been a building foreman for large contractors before that and in all my experience I only had one guy that had to go to the local ER to get 2 stitches in his finger that he accidentally cut on the metal drip edge around a roof, and that I thought that I knew as much about safety as any college grad that was going to give this seminar. Further I told her I was going to lay off all my employees in 2 weeks and for them to send me any balance remaining on my premium after that date and finished by telling her that she would not live long enough to ever see me hire another person in this state, that I was working for me and not a bunch of parasites.

She was blown away pretty good by all of that of course. She said "you don't have to feel that way". Well I said that is exactly how I feel!

Years ago 2 guys from Blue Hill went over to Castine to put a new roof on a three story house that belonged to 2 retired psychiatrists. They had tons of textbooks from a lifetime of collecting them, all through that house. These bozos went up and tore off the entire thing and covered it with a large blue tarp, tying it down here and there.It was August and came up a hellish thunderstorm in the night, blowing off the tarp and pouring thousands of gallons of water into the house. The damage was awful. One guy, who was the contractor, had to sell his home in order to get the money to do the repairs.

This kind of incompetence is routine in the construction field today. All around me I see people being screwed into the ground and paying big $$$ for work so poorly done that I am appalled by it all. There are very few builders around today that can do really good work in my opinion.

Why in god's name should I subsidize some other fools "incompetence". If he can't do the work properly he is in the wrong business.

The insurance industry is one of the biggest parasites in the country IMHO!

WC

Years ago ME state Senator Tom Perkins, from Blue Hill was an old family friend that my parents had known for many years. My wife got involved with Workman's comp as she injured her back in a nursing home. She should have been able to sue the administration as they were incompetent in the way work was scheduled, the result being that several women had to do their work alone. With a bed ridden patient weighing 300 lbs this is awful. The adminstration was well aware of the situation.....and did nothing.

But she could NOT sue the business as the Workman's Comp law "indemnifies" them against lawsuits. Anyway we got her situation remedied with the timely intervention of Sen Perkins.

After that was over he told my father that Patrick McTeague of "McTeague-Higbee" in Topsham, ME had personally written Maine's workmans comp law, and that his firm received one dollar of every ten spent on workmans comp in this state. Furthermore Sen Perkins said that McTeague was the only person in Maine who understood what that law actually said! My wife had one of their lawyers, Thom Watson, also a known political figure, and there is a special place waiting for him I hope!

McTeague Higbee

Most legislators, unless they are lawyers, which some are, are not smart enough to write these complex legal tomes so the field is wide open for abuse, which it duly receives.....on our dime of course.

WC
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06-19-2017, 04:19 AM (This post was last modified: 06-19-2017 04:34 AM by Mike G.)
Post: #5
RE: Homeowner Insurance Companies
When I called they told me it was because of the roof. I suspect that they have a data base available to all insurers, with the claim history of every home in the country that has ever been insured. If your place is on that you are in deep doo doo!

I've never put in a claim on our homeowners in 30 years, but as you state I believe the insurance companies have a data base of homes and correspondence between owners and companies.

What one company observes all the companies are aware. We had an inspection last late summer and were told that we had to remove a former chicken coup as it had as they "contend" collapsed and they demanded us to pay a roofer to get an assessment on the longevity of the main house roof.

This pissed me off because the old chicken coup was in exactly the same condition it had been in for 30 years, it had a metal roof and I stored various crap that needs to be out of the weather. It was not "collapsed". The roof on the house was 25 years old, but I saw no reason that I had to pay to have my roof inspected.

If they wanted to have it inspected I figured they should pay for it.

Well I have tried to change insurance and have been essentially told until I comply with all the demands of my current insurance company that our home is on a "loss" list and no other insurance company will quote a cost for insurance or write a policy.

Again I've NEVER put in a claim against my insurance. I asked about just fire insurance and again nada. So I'm about to be uninsured and I guess will be saving ourselves 500 bucks a year or so.

I'm going to check with another agent that we have our auto insurance with for 20 years, but I swear I'll get the same answer, do as the other company demands or no insurance for us.
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06-19-2017, 05:42 AM
Post: #6
RE: Homeowner Insurance Companies
"Freedom" from this kind of crap is why we have NO homeowner's on our place. At least now we get to do with it as WE see fit!

The basic premise of the insurance industry is that THEY want ALL the money and don't intend, to to give ANY of it to you!

To do this they have gone to the "ridiculous" stage in order to remove risk. Based on that idea they measure the claim history of your property, and yourself, and weigh rather the risk involved in getting $500 a year is worth it or not. It appears to me now that they are trying to remove ALL risk. If you have a claim, you are done forever!

And their TV ads are all about how THEY want to help YOU.

The only thing these bloodsuckers want to help, is themselves to your money, virtually risk free!

WC
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06-19-2017, 07:20 AM
Post: #7
RE: Homeowner Insurance Companies
That's exactly how I see it also WC. They are overlords of my property, a tin-horned oligarch demanding that I tear down a perfectly functioning shelter as a sacrifice to their power.

Well considering that I paid these petty tyrants 10 to 15 grand over the years and they just stuffed it in their pocket, why should I continue.

I have a second home that is insured by these assholes, it is coming up for renewal, I'm going to change companies or attempt to, it will be interesting to see if our name is on the "loss" list rather than just my main home.
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06-19-2017, 10:50 AM (This post was last modified: 06-19-2017 11:11 AM by John Smith.)
Post: #8
RE: Homeowner Insurance Companies
(06-18-2017 07:58 AM)John Smith Wrote:  An inspection means they have decided to cancel you and they are coming to get the reason. I currently have been notified that they want to inspect so I am shifting companies and will terminate my current policy before they cancel me. Very small satisfaction, I know.

So I went to the insurer of our automobiles (USAA). They were not able to sell us a homeowner's policy because we do a little farming activity. They recommended their affiliate (Travelers) that cover farms for their USAA members. Travelers called me today and I told them I was looking for a homeowner's policy and because I do some farming, USAA had recommended them.

They asked me "who was I currently insured with?" I asked them why did it matter? They said that often they are not competitive enough with local firms. When I didn't give them the name of my current insurer they asked for my zip code which I gave the agent. The agent immediately replied "oh your in (blank) county, that is the only county in Maine that we can't provide policies in."

Aint that odd!
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06-19-2017, 06:23 PM
Post: #9
RE: Homeowner Insurance Companies
Apparently the insurance companies are colluding with the Russians
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06-19-2017, 06:53 PM
Post: #10
RE: Homeowner Insurance Companies
I'll say it again.
What is any more socialist than insurance?
Share the wealth or share the risk.
What's the difference?

Is it considered a conspiracy if they really are after you?Huh
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