the daily rant

[Hey-O]

Well, you don't expect them to take a hit to profits just because the cost of doing business goes up, do you?



...like it would if it were you or me in our small businesses.

You're right, it's nothing personal, it's just business. I did it all the time................. Some gotta win, some gotta lose, good time Charlie's got the blues!! LOL

 

[68BabyBlue]

The money means nothing to me, it's the increase in 4 years due to a problem that's not mine is what bothers me. I live a very quiet life, in a very quiet area. The constant problems in Florida and California are the reasons I get to help offset your premiums so you can have insurance at all, that's the reason for my boohoo. I wouldn't live in a place that on average, is only about 100 feet above sea level. The highest point is just over 300 feet above sea level, and some areas are at or below sea level. I know better, but that doesn't help me, just you, You're welcome.... I have a 1,000 dollar deductible, period, I raised it from 500.

My wife's youngest idiot brother (she has two) is making noises about moving back to the Florida coast, after buying a place in Texas at the height of the market, which has since lost value in the wake of interest rate increases. He lived in Florida previously and lost a ton of money on that deal, in large part because his building was smacked with a huge bill for hurricane upgrades. The game is fairly obvious, but some people seem destined to lose it.

 

[YY1]

I'm actually considering dropping all insurance for replacement, and carrying only liability.

 

[Hey-O]

My wife's youngest idiot brother (she has two) is making noises about moving back to the Florida coast, after buying a place in Texas at the height of the market, which has since lost value in the wake of interest rate increases. He lived in Florida previously and lost a ton of money on that deal, in large part because his building was smacked with a huge bill for hurricane upgrades. The game is fairly obvious, but some people seem destined to lose it.

I have a large family presence in Florida, Jacksonville. A few miles over and they'd be looking for flood insurance. Most want to leave, but it's a pain at this point to sell, pack up and start over.

 

[YY1]

Yet FL (IIRC) has the largest population growth of any state in the past several years.

 

[Hey-O]

Yet FL (IIRC) has the largest population growth of any state in the past several years.

Go figure!! LOL

 

[SlingLow]

I'm moving my home and auto from Farmers to Liberty Mutual next week. I have a 40+ year history with no claims with Farmers. They decided that was worth a 50+% increase THIS YEAR! They didn't even buy me dinner first. This week I'm dealing with finding new rental property insurance. I have a 15+ year history there with Farmers and guess what? $7,566 last year to $12,059 this year. A 59% increase. My agent is crying the blues about her business right now. I told her the difference between us is that when it gets too difficult or too unprofitable for her, she can retire or go find another gig, but I'll still be paying through the ***. F*ck 'em all!

 

[YY1]

50%?

Hahahahahahahahahahahahahahahahahahahahahahahahahahahaha

Mine's gone up 100% two years in a row and 150% the year prior.

...and that's AFTER all the cost trimming I did to the policy.

 

[wahya]

Yet FL (IIRC) has the largest population growth of any state in the past several years.

When I moved from South Florida back in 1980 to my little town because of the crazyness down there, my town only had 2300 people. It now has well over 30,000. I thought about moving, but at this stage of my life, I wouldn’t know where to go, I don’t like cold all the time. Anyway, just about all the builders here back in the day were just building stick homes. So my neighbors just moved here next door and had a new house built, all up to the new standards and my neighbor told me his insurance was $1500/year.

 

[Hey-O]

Yet FL (IIRC) has the largest population growth of any state in the past several years.

You're right and there's still people that love Diddy and the kardashians too... LOL

 

[Hey-O]

When I moved from South Florida back in 1980 to my little town because of the crazyness down there, my town only had 2300 people. It now has well over 30,000. I thought about moving, but at this stage of my life, I wouldn’t know where to go, I don’t like cold all the time. Anyway, just about all the builders here back in the day were just building stick homes. So my neighbors just moved here next door and had a new house built, all up to the new standards and my neighbor told me his insurance was $1500/year.

We went from almost 37,000 in 1980 to just over 72,000 today. I'm wondering what it cost to build these new homes to these new standards.

 

[33 IMP]

I'm moving my home and auto from Farmers to Liberty Mutual next week. I have a 40+ year history with no claims with Farmers. They decided that was worth a 50+% increase THIS YEAR! They didn't even buy me dinner first. This week I'm dealing with finding new rental property insurance. I have a 15+ year history there with Farmers and guess what? $7,566 last year to $12,059 this year. A 59% increase. My agent is crying the blues about her business right now. I told her the difference between us is that when it gets too difficult or too unprofitable for her, she can retire or go find another gig, but I'll still be paying through the ***. F*ck 'em all!

I f**king DESPISE Farmers. Evil incarnate.
My mom was victimized by a hit and run driver, totaling her 63 Chevy Impala. A factory air, ps, pb, 4bbl 327, pg, fresh paint car.
Farmers (who my folks had for 40 years, with I think one claim), tho she was insured for uninsured motorist, offered a bel air four door six cylinder, three on the column, as a direct replacement.
Until, that is, that they found it was a h&R, and they wouldn't need to give her ANYTHING.... because they didn't have anyone THEY could go after.
The accident ruined my mom's life, cause she couldn't pass her driving test in an unfamiliar car (my folks had a 63 impala in the family for fifty years).

Farmers (just like ANY insurance company are despicable scum!!!

 

[33 IMP]

Well, I sure don't know who is moving INTO Southern california..... but some must be.
In my neighborhood in a small college (ultra-liberal) town there are roughly 1000 new appartment/condos going up, at least four multi-story developments in process or finished. (ALL of them with apparently inadequate parking).
Major investments, but who is gonna live in them? I have no clue.... but they are gonna have to use busses and trains.

 

[eldubb440]

so your home owners is expensive........ mine is about 1600 after plymouth rock jacked me to over 2K for no apparent reason

anyway....... lets talk property tax

I'm lucky to be just outside of the city water/sewer infrastructure, or I'd be required to hook up and add that to the bill......... I'm in at about 7400/year

not bitching too bad, as I both live and work here; but damn, the world has gotten expensive

 

[33 IMP]

My prop tax for two california prop 13 homes, a couple vacant ca lots, and my AZ house, combined, is less than my friends one california non-prop 13 house.
God bless Howard Jarvis, may he RIP.

 

[fesser]

Well, I sure don't know who is moving INTO Southern california..... but some must be.
In my neighborhood in a small college (ultra-liberal) town

Grammar Police! You already said “California” and “college”, “ultra liberal” is redundant.

 

[33 IMP]

Grammar Police! You already said “California” and “college”, “ultra liberal” is redundant.

Yep. LOL!

 

[kiwigtx]

IIRC insurance "money pools" don't cross state lines.

Over here a lot of Insurance companies are overseas owned - from big companies that originated in London, England, and more recently Asia.

Going back a few years to when Lloyd's Bank, England was one of the largest insurers worldwide, they got hit by several major disasters that cleaned out the coffers of the "Lloyd's names" (People who invested their squillions in Insurance looking for huge dividends) and nearly sent the company bankrupt.

Disasters such as Exxon Valdis, Piper Alpha and Zeebrugge ferry sinking to name a few.

Nowadays the investments are spread around a lot more, so more people are being tapped for funds....but of course it is the customer who eventually pays anyway - either by way of increased premiums, or lack of payout. Claims being denied has become a thing now. The wriggle-out factor has come into play more over the last few years.

 

[#41]

My Home Owners has gone up +150% in two years with zero claims history. That's even after I cut the amount of coverage and reduced replacement value of interior content down to the absolute minimum in 2023. Their explanation? Inflation and raising cost of construction material and labor. I can guess that maybe they are trying to get rid of me. I will be obliging them.