Re: Insurance premiums

Posted by Burrhead on February 12, 2005 at 22:55:04 from (209.247.222.93):

In Reply to: Re: Insurance premiums posted by big fred on February 12, 2005 at 21:21:03:

that's right Fred the insurance company does'nt hook you themselves, they have a gubermint to do that.

In Texas insurance agents are on commission. The gubermint requires insurance on vehicles and the lenders require it on property of any kind.

Then our wonderful state insurance regulatory board sets the standards that the insurance company wants. More cost for bad credit ratings even on liability insurance. It does'nt effect me but the companies make bookoo money from that one scam.

Then on the other hand you are required to have liability on a vehicle but no insurance company is under obligation to sell it to you.

Texas insurance folks are kinda like vultures. They lobby for regs then say the gubermint did it. Heck Farmers Group even pulled out and would'nt pay flood and storm damages to folks they were charging sky high rates and then the folks suffered losses during our last flood seasons.

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