Re: OT--the Real Deal on Insurance!

Posted by Midwest redneck on January 03, 2005 at 09:49:25 from (66.151.2.81):

In Reply to: OT--the Real Deal on Insurance! posted by Brian in NY on January 03, 2005 at 07:20:53:

I like your comments. However I will add to them. 1. The reason a lot people dont like insurance companies right off the bat is because when they are kids, 17-18-19 years old they are raped on coverage for a beater car. I never had an accident when I was a kid and paid $1,500 per year for basic coverage and theft (20 years ago). (I am not complaining just stating facts)
2. Home owners insurance isnt as expensive as car insurance. But the $1,000 per year premiums are a bit much, for a $200,000 home. 3. After 9/11/01 insurance premiums went up a lot, my neighbors brother hauls cars for a living and the insurance on his trucks went up 30% right after 9/11, he called his agent and the agent says yep, everybody has to pay more because of the terrorist attacks, WHY! please explain this one to me. 4. Some people make a claim once every 30 years or so and then their rate gets jacked up.
5. There needs to be litigation reform for all the ambulance chasing lawyers. And a money cap for deaths and injurys, say $1 million for deaths and $50,000 broken legs etc.

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