Saturday, August 27, 2011
Because That's How Insurance Companies Roll
I don't know what havoc Ms. Irene will have wreaked by the time this weekend is over, but I do know this: If you live anywhere between South Carolina and Maine, and if they have not already, your insurance company will drastically raise premiums for your wind and hail coverage or altogether drop your coverage regardless of whether your home sustains any damage this weekend or not.
Mark my words.
Mark my words.
Hanging on for Dear Life: Katrina Survivors" Daily Struggle to Live
- The representative of the neighborhood "Lakeview" (an upper middle class mostly white neighborhood of NOLA) just told a story that will stay with me for the rest of my life. She told the story of 2 volunteers from Boston, a mother and a 9 year old daughter. After a week of working, the daughter turned to the mother and asked her when they would be returning to America. The lady representative broke down into tears and asked the senate panel the same question. When will we be returning to America?
- 2005 homeowners insurance: $1926... 2006 homeowners insurance: $2343... 2007 homeowners insurance bill: $4599
- That ain't shit. 2005 Farmers: $2400 / 2006 Farmers: $4000 / 2007 Farmers: $11,000
- "I hope the levees break again and kill you."
- The average cost for a 2,000-square-foot home has jumped, probably, to the $80,000 range just for foundation work