I hate insurance!

[hghclsswhitetrsh]

Most companies would love to pull property insurance from Colorado. It's a money pit.

I almost feel sorry for them.

[DHC]

Thanks for that info. I have really good credit but someone told me for whatever reason I may have a low "insurance score". The only auto claims I've had was for hail damage on 2 cars about 5 years ago that amounted to about $1500. Maybe that has some impact.

Fox recently ran an article about the reports pulled for auto insurance. Here is a link to their article --> http://www.foxbusiness.com/personal-...tcmp=obnetwork

It may be different for homeowners insurance, but this should be a good start.

IHTH

[CHA-LEE]

I think its insane how Insurance Companies raise rates on a whim and pitch the "Look at all the claims we have paid out" bullshit, but still manage to fill my mailbox DAILY with endless insurance offers. The same insurance companies send me the same offers over and over and over on a daily basis. If they can afford to fill my mailbox (and probably everyone's mail box) with this trash on a daily basis they can afford to scale back their advertising to offset the increased claims.

[jerrymrc]

Fox recently ran an article about the reports pulled for auto insurance. Here is a link to their article --> http://www.foxbusiness.com/personal-...tcmp=obnetwork

It may be different for homeowners insurance, but this should be a good start.

IHTH

From the link.

6. Undisclosed-driver report

Maybe your nephew moved in and has been driving your car. Maybe you never mentioned it to your insurance company. Well it's only a matter of time before they catch up to you.
Car insurance companies want to know about all household members who are licensed drivers and potentially driving your car.
Both Verisk and LexisNexis offer insurance companies reports that uncover “hidden” or “undisclosed” drivers living in your residence by cross-checking public records. One report keys in on young drivers between the ages of 15 and 25 who are newly licensed but haven't been disclosed. If a “hidden” driver of any age is found you'll likely be asked to add the person as a driver or exclude the individual if your state and insurer allow this option.

And the children kept wondering why I kept telling them to get their mail changed. I kept sending one sons mail back to sender because I kept getting calls about adding him to the policy. I kept telling my agent he has not lived here in 5 years. I finally told him to get his butt over here after a letter. They still like to use our address and I explain the above to them. They do not get it.

[Irving]

I think its insane how Insurance Companies raise rates on a whim and pitch the "Look at all the claims we have paid out" bullshit, but still manage to fill my mailbox DAILY with endless insurance offers. The same insurance companies send me the same offers over and over and over on a daily basis. If they can afford to fill my mailbox (and probably everyone's mail box) with this trash on a daily basis they can afford to scale back their advertising to offset the increased claims.

A company can probably send a flyer to 50% of Colorado for what it costs to pay a policy on a single home.

From the link.

And the children kept wondering why I kept telling them to get their mail changed. I kept sending one sons mail back to sender because I kept getting calls about adding him to the policy. I kept telling my agent he has not lived here in 5 years. I finally told him to get his butt over here after a letter. They still like to use our address and I explain the above to them. They do not get it.

Companies are becoming more and more strict on this. Let's say you have a 20 year-old living at home with you, you've only had your policy for 2 years, and the 20 year-old was never mentioned to insurance. The 20 year-old is driving your car and wrecks it; it used to be that insurance would cover the loss and slap you on the wrist (send the exclusion letter). Now they are likely to deny the entire claim from inception since you failed to disclose a resident that is of driving age. Sure they refund you all your premiums for the last two years, but you are still stuck with no insurance and a 2 year gap on your insurance record. Not to mention if you hurt someone or yourself.

Now, there is of course more to it than that, but this IS something companies are moving toward. Jerry you've done the right thing to hound your kids. For you it's not a big deal since they don't actually live their, and likely have their own policies, but people should be aware of this (and other) changes that are occurring in the industry.

[hghclsswhitetrsh]

5,188,000(population) x $0.46 = 2,386,480 x .5 = 1,193,240

[Irving]

They don't pay anywhere near .46 cents a stamp though. They get a discount for commercial and for bulk mailing. I'm not the mailman, but I don't think .10 cents a letter is out of the question.

[ANADRILL]

Safeco has been good to me!

[jmg8550]

I wonder if that 78% increase has anything to do with State Farm being involved in a class action lawsuit. Apparently they screwed a lot of people after Katrina.

[jmg8550]

Might be salt in a wound, but my auto and home insurance keeps going down since I moved to WY.