Quote:
Originally Posted by greglepore
I think State Farm is pulling your leg. Property/casualty rates should have little to no bearing on auto rates other than for comprehensive.
Gonna be unpopular here, but I've long railed against flood insurance that is subsidized federally and has allowed the building of million dollar mcmansions in areas such as the outer banks, where a hurricane is bound to clear 'em all out at some point. There's a reason that all the og homes on the Banks were one story cinder block bunkers...
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When I was a kid ... the outer banks were for the most part devoid of anything but "shacks" and difficult to get to ... paradise
. It's not hurricanes ... those barrier strips of land are transient .... always have been .... always will be. I'm nowhere near the coast .... my rates have skyrocketed... "they" say I am
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I self insure a LOT .... but not everything. I extend my primary home owner's policy liability coverage to other properties for a modest amount, and my mint Carrera isn't even covered right now.
Never filed a claim in my life .... with what I have saved in pi$$ing away ins. premiums, I'll just pay for any loss.... and still be ahead.
My buddy had three houses insured with USAA ... one near Richmond (where he has collected on storm claims) and two in Fl (never a claim). A few years back ... USAA told him they would only insure one .... pick one.
Ins. is a racket ...
Liability and medical ... where the sky is the limit on your exposure .... those I insure. Houses, cars, and things I can absorb the loss on... I don't anymore ... ymmv.