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Good hands boat insurance got 1 finger raised?
Have the Good Hands people raised the middle fingers against boaters in
FLA? I just heard that they are cancelling tens of thousands of policies on homes and businesses down there due to the claims paid for hurricane damage. It would seem likely they would have done the same for boats, but it might not have made the news. Anybody know? |
wrote in message oups.com... Have the Good Hands people raised the middle fingers against boaters in FLA? I just heard that they are cancelling tens of thousands of policies on homes and businesses down there due to the claims paid for hurricane damage. It would seem likely they would have done the same for boats, but it might not have made the news. Anybody know? Don't know about Allstate, but I heard Nationwide is not writing new policies for coastal properties. State Farm wouldn't write a policy on a boat that I had in rack storage because the address of the facility put it in a coastal flood zone. When I moved to the house on the water, State Farm wouldn't write my home either. Consequently, they lost my home, two boats, an umbrella, personal property policies, and two cars. I'm now with Boat US insurance. Interestingly, they didn't ask where the boat was moored/stored. |
"Harry.Krause" wrote in message ... wrote: Have the Good Hands people raised the middle fingers against boaters in FLA? I just heard that they are cancelling tens of thousands of policies on homes and businesses down there due to the claims paid for hurricane damage. It would seem likely they would have done the same for boats, but it might not have made the news. Anybody know? Dunno, but the same thing happened after Hurricane Andrew. Those whose policies were cancelled were forced to buy coverage at rip-off prices from a state-run risk pool. Regulations in Florida are what might be called loose. The state insurance commissioner responsible for the ****ty regulations is now the US Senator for the blue half of our state. |
On Thu, 19 May 2005 15:33:35 GMT, "NOYB" wrote:
wrote in message roups.com... Have the Good Hands people raised the middle fingers against boaters in FLA? I just heard that they are cancelling tens of thousands of policies on homes and businesses down there due to the claims paid for hurricane damage. It would seem likely they would have done the same for boats, but it might not have made the news. Anybody know? Don't know about Allstate, but I heard Nationwide is not writing new policies for coastal properties. State Farm wouldn't write a policy on a boat that I had in rack storage because the address of the facility put it in a coastal flood zone. When I moved to the house on the water, State Farm wouldn't write my home either. Consequently, they lost my home, two boats, an umbrella, personal property policies, and two cars. I'm now with Boat US insurance. Interestingly, they didn't ask where the boat was moored/stored. I had personal experience with State Farm insurance about 30 years ago. They are not good people and they sure as hell don't have Good Hands. Later, Tom |
wrote in message oups.com... Have the Good Hands people raised the middle fingers against boaters in FLA? I just heard that they are cancelling tens of thousands of policies on homes and businesses down there due to the claims paid for hurricane damage. It would seem likely they would have done the same for boats, but it might not have made the news. Anybody know? I do not know if it is true but it would not surprise me. The company most likely decided that the risk of insuring coastal property outweighed the benefit. They have the option of deciding not to insure homes and business in hurricane prone areas. They are a business with a goal of making money, not losing it. If what you say is true the forecast of another bad hurricane year most likely prompted the decision. I know of several insurance companies that will not insure property located along coastal areas of Florida. |
On Thu, 19 May 2005 13:34:48 -0400, JimH wrote:
I do not know if it is true but it would not surprise me. The company most likely decided that the risk of insuring coastal property outweighed the benefit. They have the option of deciding not to insure homes and business in hurricane prone areas. They are a business with a goal of making money, not losing it. Huh? An insurance companies job *is* risk assessment. If they were doing their job correctly, they would be making money regardless of the risk. If there is no risk, there is no need for insurance. One of the problems with the insurance industry is they underestimated/disregarded the risk of hurricanes. Yes, they are in business to make money, but it's not a gift. If they don't know their business, they deserve to fail. |
"thunder" wrote in message ... On Thu, 19 May 2005 13:34:48 -0400, JimH wrote: I do not know if it is true but it would not surprise me. The company most likely decided that the risk of insuring coastal property outweighed the benefit. They have the option of deciding not to insure homes and business in hurricane prone areas. They are a business with a goal of making money, not losing it. Huh? An insurance companies job *is* risk assessment. If they were doing their job correctly, they would be making money regardless of the risk. If there is no risk, there is no need for insurance. One of the problems with the insurance industry is they underestimated/disregarded the risk of hurricanes. Yes, they are in business to make money, but it's not a gift. If they don't know their business, they deserve to fail. Risk assessment indeed,. But when the competition is offering it at a lower price and the loss ratio is high, it is time to move out of the market or line of coverage. It happens all the time, especially now with a softening market. I for one am tired of subsidizing folks living on the coast in hurricane prone areas. They build luxurious homes, rent them out for a profit, enjoy the beautiful areas the remaining times only to have them torn down by hurricanes. All they have to do is collect federal subsidies and insurance money and rebuild bigger and more luxurious. No risk....that is up to someone else to carry. Risk assessment indeed. |
"thunder" wrote in message ... On Thu, 19 May 2005 13:34:48 -0400, JimH wrote: I do not know if it is true but it would not surprise me. The company most likely decided that the risk of insuring coastal property outweighed the benefit. They have the option of deciding not to insure homes and business in hurricane prone areas. They are a business with a goal of making money, not losing it. Huh? An insurance companies job *is* risk assessment. Forgot to add. If you think this decision to pull out was not based on a risk assessment then you indeed do not know anything about the business. If they were doing their job correctly, they would be making money regardless of the risk. Pure hogwash. I guess you don't know anything about the business. |
On Thu, 19 May 2005 16:25:01 -0400, JimH wrote:
"thunder" wrote in message ... On Thu, 19 May 2005 13:34:48 -0400, JimH wrote: I do not know if it is true but it would not surprise me. The company most likely decided that the risk of insuring coastal property outweighed the benefit. They have the option of deciding not to insure homes and business in hurricane prone areas. They are a business with a goal of making money, not losing it. Huh? An insurance companies job *is* risk assessment. If they were doing their job correctly, they would be making money regardless of the risk. If there is no risk, there is no need for insurance. One of the problems with the insurance industry is they underestimated/disregarded the risk of hurricanes. Yes, they are in business to make money, but it's not a gift. If they don't know their business, they deserve to fail. Risk assessment indeed,. But when the competition is offering it at a lower price and the loss ratio is high, it is time to move out of the market or line of coverage. It happens all the time, especially now with a softening market. Exactly, I believe this is what I said using different words. That "competition" is the insurance industry and if that competition's premiums are too low for the risk, they deserve to fail. I for one am tired of subsidizing folks living on the coast in hurricane prone areas. They build luxurious homes, rent them out for a profit, enjoy the beautiful areas the remaining times only to have them torn down by hurricanes. All they have to do is collect federal subsidies and insurance money and rebuild bigger and more luxurious. No risk....that is up to someone else to carry. I wouldn't disagree, but this issue is more than just an insurance issue. Somebody allowed people to build on barrier islands and flood plains, and those that decide to live there, deserve to bear the costs. Risk assessment indeed. |
On Thu, 19 May 2005 16:42:19 -0400, JimH wrote:
Huh? An insurance companies job *is* risk assessment. Forgot to add. If you think this decision to pull out was not based on a risk assessment then you indeed do not know anything about the business. If they were doing their job correctly, they would be making money regardless of the risk. Pure hogwash. I guess you don't know anything about the business. Well then, enlighten me. There has always been a risk of hurricanes in Florida. Insurance companies have always been writing policies in Florida. If they are not making money, what is the problem? If it's not improper risk assessment, what is it? |
"thunder" wrote in message ... On Thu, 19 May 2005 16:42:19 -0400, JimH wrote: Huh? An insurance companies job *is* risk assessment. Forgot to add. If you think this decision to pull out was not based on a risk assessment then you indeed do not know anything about the business. If they were doing their job correctly, they would be making money regardless of the risk. Pure hogwash. I guess you don't know anything about the business. Well then, enlighten me. There has always been a risk of hurricanes in Florida. Insurance companies have always been writing policies in Florida. If they are not making money, what is the problem? If it's not improper risk assessment, what is it? A soft market, increased property values and a prediction for a bad hurricane season. ;-) |
"Gene Kearns" wrote in message ... On Thu, 19 May 2005 15:33:35 GMT, "NOYB" wrote: Don't know about Allstate, but I heard Nationwide is not writing new policies for coastal properties. State Farm wouldn't write a policy on a boat that I had in rack storage because the address of the facility put it in a coastal flood zone. When I moved to the house on the water, State Farm wouldn't write my home either. Consequently, they lost my home, two boats, an umbrella, personal property policies, and two cars. I'm now with Boat US insurance. Interestingly, they didn't ask where the boat was moored/stored. After Andrew, Nationwide cancelled coastal boat insurance as far North as Tidewater VA... Nobody will underwrite Coastal NC real estate(200 year flood plain), so the State has created a "reinsurance facility" on par with the one insuring "poor risk" drivers... I wish I had options..... Nationwide covers my flood insurance, but my homeowners is through St. Johns. I don't know much about the company other than that's what the Nationwide *agents* are offering waterfront folks around here. |
NOYB wrote: The state insurance commissioner responsible for the ****ty regulations is now the US Senator for the blue half of our state. but I thought you righties were against regulation and larger government? Oh, I get it, only when it benefits YOU..... I think that if you are either living in a hurricane prone area knowing the risks, or just stupid, you should have to live with the consequences. |
Shortwave Sportfishing wrote: I had personal experience with State Farm insurance about 30 years ago. They are not good people and they sure as hell don't have Good Hands. My uncle never, ever had anyone but State Farm on his house, his boat, his cars, his farm equipment, a small apartment house in FL, etc. He always was insured to the max, just the way he was. Then, my cousin moved into my uncles house for awhile, and he had, about 2 years prior, had a DUI. Now, he never, ever drove my uncle's vehicles, etc. But somehow (big brother-ish) State Farm found out the cousin was living there, and raised my uncle's insurance two fold. They said that the cousin had access to my uncle's vehicles. He didn't have any more access to them than he ever did, which was none. |
NOYB wrote: I'm now with Boat US insurance. Interestingly, they didn't ask where the boat was moored/stored. They didn't? Every company I have been with, including BOAT/US (CNA), want to know where my boats are kept. Whether in a marina (location of the marina) or my garage. That would be part of the rating criteria. |
thunder wrote: On Thu, 19 May 2005 16:42:19 -0400, JimH wrote: Huh? An insurance companies job *is* risk assessment. Forgot to add. If you think this decision to pull out was not based on a risk assessment then you indeed do not know anything about the business. If they were doing their job correctly, they would be making money regardless of the risk. Pure hogwash. I guess you don't know anything about the business. Well then, enlighten me. There has always been a risk of hurricanes in Florida. Insurance companies have always been writing policies in Florida. If they are not making money, what is the problem? If it's not improper risk assessment, what is it? It's called population. The old time Floridians had enough sense to stay back inland somewhat, the newcomers came and built as close to the beach as they could. |
"Curtis CCR" wrote in message oups.com... NOYB wrote: I'm now with Boat US insurance. Interestingly, they didn't ask where the boat was moored/stored. They didn't? Every company I have been with, including BOAT/US (CNA), want to know where my boats are kept. Whether in a marina (location of the marina) or my garage. That would be part of the rating criteria. My policy specifically limits the area of use that the insurance is valid for. |
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It seems your family has a long line of drug abusers, drinking and driving,
people going awol and growing pot in their back yard. wrote in message oups.com... Shortwave Sportfishing wrote: I had personal experience with State Farm insurance about 30 years ago. They are not good people and they sure as hell don't have Good Hands. My uncle never, ever had anyone but State Farm on his house, his boat, his cars, his farm equipment, a small apartment house in FL, etc. He always was insured to the max, just the way he was. Then, my cousin moved into my uncles house for awhile, and he had, about 2 years prior, had a DUI. Now, he never, ever drove my uncle's vehicles, etc. But somehow (big brother-ish) State Farm found out the cousin was living there, and raised my uncle's insurance two fold. They said that the cousin had access to my uncle's vehicles. He didn't have any more access to them than he ever did, which was none. |
P.Fritz wrote:
"Curtis CCR" wrote in message oups.com... NOYB wrote: I'm now with Boat US insurance. Interestingly, they didn't ask where the boat was moored/stored. They didn't? Every company I have been with, including BOAT/US (CNA), want to know where my boats are kept. Whether in a marina (location of the marina) or my garage. That would be part of the rating criteria. My policy specifically limits the area of use that the insurance is valid for. Mine too. And always wanted to know where ther boat was kept. And since my marina requires a certificate of liability insurance, they have to know. |
"The Snapper Trapper" wrote in message ... It seems your family has a long line of drug abusers, drinking and driving, people going awol and growing pot in their back yard. The more kevin posts, the more he exposes himself wrote in message oups.com... Shortwave Sportfishing wrote: I had personal experience with State Farm insurance about 30 years ago. They are not good people and they sure as hell don't have Good Hands. My uncle never, ever had anyone but State Farm on his house, his boat, his cars, his farm equipment, a small apartment house in FL, etc. He always was insured to the max, just the way he was. Then, my cousin moved into my uncles house for awhile, and he had, about 2 years prior, had a DUI. Now, he never, ever drove my uncle's vehicles, etc. But somehow (big brother-ish) State Farm found out the cousin was living there, and raised my uncle's insurance two fold. They said that the cousin had access to my uncle's vehicles. He didn't have any more access to them than he ever did, which was none. |
"Curtis CCR" wrote in message oups.com... P.Fritz wrote: "Curtis CCR" wrote in message oups.com... NOYB wrote: I'm now with Boat US insurance. Interestingly, they didn't ask where the boat was moored/stored. They didn't? Every company I have been with, including BOAT/US (CNA), want to know where my boats are kept. Whether in a marina (location of the marina) or my garage. That would be part of the rating criteria. My policy specifically limits the area of use that the insurance is valid for. Mine too. And always wanted to know where ther boat was kept. And since my marina requires a certificate of liability insurance, they have to know. Mine requires it in the contract as well, but now that I think about it, they've never asked for it. |
wrote in message oups.com... I think that if you are either living in a hurricane prone area knowing the risks, or just stupid, you should have to live with the consequences. You sound like a Republican. |
wrote in message oups.com... Shortwave Sportfishing wrote: I had personal experience with State Farm insurance about 30 years ago. They are not good people and they sure as hell don't have Good Hands. My uncle never, ever had anyone but State Farm on his house, his boat, his cars, his farm equipment, a small apartment house in FL, etc. He always was insured to the max, just the way he was. Then, my cousin moved into my uncles house for awhile, and he had, about 2 years prior, had a DUI. Sheesh. An entire family of boozers and stoners. |
"P. Fritz" wrote in message ... "Curtis CCR" wrote in message oups.com... P.Fritz wrote: "Curtis CCR" wrote in message oups.com... NOYB wrote: I'm now with Boat US insurance. Interestingly, they didn't ask where the boat was moored/stored. They didn't? Every company I have been with, including BOAT/US (CNA), want to know where my boats are kept. Whether in a marina (location of the marina) or my garage. That would be part of the rating criteria. I asked them if they needed the address where it was being stored, and they said no. They wanted to know the waters that I was using in on...but not where it was being stored. |
Don't forget the AWOL'ers
"NOYB" wrote in message ... wrote in message oups.com... Shortwave Sportfishing wrote: I had personal experience with State Farm insurance about 30 years ago. They are not good people and they sure as hell don't have Good Hands. My uncle never, ever had anyone but State Farm on his house, his boat, his cars, his farm equipment, a small apartment house in FL, etc. He always was insured to the max, just the way he was. Then, my cousin moved into my uncles house for awhile, and he had, about 2 years prior, had a DUI. Sheesh. An entire family of boozers and stoners. |
"NOYB" wrote in message ... wrote in message oups.com... I think that if you are either living in a hurricane prone area knowing the risks, or just stupid, you should have to live with the consequences. You sound like a Republican. Because he is right? Why the hell cant people be responsible for their own decisions anymore? At least stupid people have some excuse the first time, but they will learn. |
John H wrote: On 20 May 2005 09:11:28 -0700, wrote: NOYB wrote: The state insurance commissioner responsible for the ****ty regulations is now the US Senator for the blue half of our state. but I thought you righties were against regulation and larger government? Oh, I get it, only when it benefits YOU..... I think that if you are either living in a hurricane prone area knowing the risks, or just stupid, you should have to live with the consequences. I think the subject was insurance, not politics. I can't understand anyone using State Farm, given the reputation for cancellation at the drop of a hat that those folks have. -- John H John, it was your buddy NOYB who first responded to this post with a political overtone by stating: The state insurance commissioner responsible for the ****ty regulations is now the US Senator for the blue half of our state. |
P. Fritz wrote: "The Snapper Trapper" wrote in message ... It seems your family has a long line of drug abusers, drinking and driving, people going awol and growing pot in their back yard. The more kevin posts, the more he exposes himself First, you idiot, I'm not Kevin, but seeing how you are responding to my post, please show any evidence of your wild allegations above. What evidence to you have that I "come from a long line of drug abusers"? Let's be specific here, Fritz. It will certainly show the group that you don't know what to hell you are talking about. Now, because I had a brother that went AWOL, that somehow translates in your pea brain that that constitutes a "long line"???? Because one member of my family got a DUI, THAT constitutes, in your idiotic mind "a long line"? Please show where anyone in my family has EVER "grown pot in their back yard". Watch, everyone, there won't be one single bit of evidence of any of Fritz's completely false accusations. |
The Snapper Trapper wrote: Don't forget the AWOL'ers Sheesh. An entire family of boozers and stoners. NOYB, your extreme ignorance is shining brightly! Please show any evidence of "an entire family of boozers and stoners". Can you? NO. You are simple, and a liar. |
On 23 May 2005 05:15:37 -0700, wrote:
John H wrote: On 20 May 2005 09:11:28 -0700, wrote: NOYB wrote: The state insurance commissioner responsible for the ****ty regulations is now the US Senator for the blue half of our state. but I thought you righties were against regulation and larger government? Oh, I get it, only when it benefits YOU..... I think that if you are either living in a hurricane prone area knowing the risks, or just stupid, you should have to live with the consequences. I think the subject was insurance, not politics. I can't understand anyone using State Farm, given the reputation for cancellation at the drop of a hat that those folks have. -- John H John, it was your buddy NOYB who first responded to this post with a political overtone by stating: The state insurance commissioner responsible for the ****ty regulations is now the US Senator for the blue half of our state. Stating a fact. If you take it as a political argument, that's your problem. -- John H On the 'PocoLoco' out of Deale, MD "Divide each difficulty into as many parts as is feasible and necessary to resolve it." Rene Descartes (A true binary thinker!) |
"RM" wrote in message m... "NOYB" wrote in message ... wrote in message oups.com... I think that if you are either living in a hurricane prone area knowing the risks, or just stupid, you should have to live with the consequences. You sound like a Republican. Because he is right? Yes. |
wrote in message oups.com... John H wrote: On 20 May 2005 09:11:28 -0700, wrote: NOYB wrote: The state insurance commissioner responsible for the ****ty regulations is now the US Senator for the blue half of our state. but I thought you righties were against regulation and larger government? Oh, I get it, only when it benefits YOU..... I think that if you are either living in a hurricane prone area knowing the risks, or just stupid, you should have to live with the consequences. I think the subject was insurance, not politics. I can't understand anyone using State Farm, given the reputation for cancellation at the drop of a hat that those folks have. -- John H John, it was your buddy NOYB who first responded to this post with a political overtone by stating: The state insurance commissioner responsible for the ****ty regulations is now the US Senator for the blue half of our state. Then it was actually Harry who started the political overtone. He made a comment about Florida's insurance regulations...and regulations are passed by politicians. |
wrote in message oups.com... The Snapper Trapper wrote: Don't forget the AWOL'ers Sheesh. An entire family of boozers and stoners. NOYB, your extreme ignorance is shining brightly! Please show any evidence of "an entire family of boozers and stoners". Can you? NO. You are simple, and a liar. So it's just you, your brother, and your deceased mother with the substance abuse problems? Nope, no family history of abuse there. |
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