I hate insurance!

[joedelt]

We saw a 5% increase this year with AAA. They have consistently been 30 to 50 percent cheaper then anyone else.

When we refinanced this year we checked auto owners, Allstate and State Farm, all were between 1100 and 2200 more a year.

[Irving]

Pop quiz! What is the single most expensive type of claim that insurance companies in Colorado have to deal with?

[Whistler]

If it helps any my home owners insurance went up 45% this year and I have never had a claim and had the same company (Travelers) for 13 years. When I called and asked why they said no real reason other than they are raising all the rates for everyone.

Have to feel sorry for these poor struggling Insurance companies, barely scraping by...

Don't hate insurance, hate all your neighbors that brag about their "new roof, new car, new paint job" that insurance paid for. THEY are the one's to blame. Insurance companies have to keep money in reserves to make sure that if you're included in the next catastrophe (Colorado ranks near the top for those now), there will be enough money to pay for your loss. So even though you didn't have a claim, all those funds (billions of dollars) got depleted. They have to fill it back up to remain solvent. While it's frustrating, there's not much that can be done about it.

Travelers hasn't taken that many rate increases, and now they have to because like it or not, they are in the business to make money. Too many claims and they go negative, so what do they do? Raise the rates.

The Travelers Cos. Chairman and CEO Jay S. Fishman was compensated a total of $29.9 million last year, a 37 percent increase over the year before, according to documents filed Thursday with the U.S. Securities and Exchange Commission.

[Irving]

A second question on the pop quiz, can anyone think of an insurance company that only sells home owners? There are several that only sell auto.

[asmo]

Pop quiz! What is the single most expensive type of claim that insurance companies in Colorado have to deal with?

Shoot the hostage..

[SAnd]

And now for a musical interlude about insurance.

Take Out Some Insurance by J.J. Cale

A man knocked upon my door
Said, "Don't you know you're gonna die some day?
And I got a plan for you, man, for when you pass away
We'll give to your mother, your kids and your wife
And all you have to give in return is your life...

There's 2 more verses.-
http://www.youtube.com/watch?v=AnC51c0hzL4

Have Fun.

[BuffCyclist]

My health insurance just went up 20% and my employers contribution went DOWN 20%. My Educational Retirement Board deduction went up 3%, employers share went down 2%. Home Insurance went DOWN 10%, granted that was back in February/March. Vehicles will be up for renewal on Sept 1st, so we'll see how that goes, but it has been steadily going down too.

With that said, when I shopped around for home insurance when we bought our home, several insurance companies gave us ridiculously high rates. When I told them what I got quoted elsewhere, they said, oh, well its because the roof was just replaced. I said I don't own the house and it was the previous owner who had the roof replaced under insurance. Well, they stuck me with the consequences. Then I found Armed Forces Insurance and they gave me a lower rate than even USAA, and about $50k higher coverage across the board. Would have been nice to stick with USAA for the member rebate at the end of the year (which is higher the more products/services you have with them), but the difference between USAA and AFI was just too high.

Then again, I'm fortunate enough to qualify for these military businesses because of the 85yrs of combined service between my Dad and two Granddads.

[Ronin13]

Pop quiz! What is the single most expensive type of claim that insurance companies in Colorado have to deal with?

Can I answer this? Or does my employment and knowledge make me ineligible?


Hail. One big hail storm that affects 5,000 houses is more expensive than a wildfire that affects 100 houses (assuming all 100 are total losses).

[TFOGGER]

I was gonna say the California Asshat infestation...it's cost us billions; But there's no insurance company that will write a policy for that.

[Snowman78]

Can I answer this? Or does my employment and knowledge make me ineligible?


Hail. One big hail storm that affects 5,000 houses is more expensive than a wildfire that affects 100 houses (assuming all 100 are total losses).

+1