Inflation? What Inflation - LOL

wayoflife said:
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Our insurance went up this year and it is actually more expensive than it was in California and Tina was working. Now she doesn’t work and we aren’t in that hell hole and it’s higher? They said inflation. Fuck outta here.
 
Brute said:
I have insurance for 27 properties, both residential and commercial …insurance has been getting out of hand for the last six years. Try getting a property insured in Miami, not to mention CA & NY
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CA and NY is just stupid. I can see FL with the weather damage risk. I also expect insurance to rise at some degree because replacement cost is increasing thanks to endless money printing, but 70% is ludicrous. I've heard numerous stories in the last year of insurance companies just dropping people randomly for no reason.
 
WJCO said:
CA and NY is just stupid. I can see FL with the weather damage risk. I also expect insurance to rise at some degree because replacement cost is increasing thanks to endless money printing, but 70% is ludicrous. I've heard numerous stories in the last year of insurance companies just dropping people randomly for no reason.
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Insurance companies are like casinos…they are taking your money betting against Mother Nature…they are not in business to lose money…so they will raise premiums to cover their losses…
 
WJCO said:
Farmers did the same shit to us for home insurance. Raised 70% for inflation. We switched the next day.
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Who do you have? We’ve been trying to get builders risk and got quotes and when we said okay do it they said oh quotes aren’t valid because you already started building. wtf?
 
OverlanderJK said:
Who do you have? We’ve been trying to get builders risk and got quotes and when we said okay do it they said oh quotes aren’t valid because you already started building. wtf?
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Selective. One of their driver's hit us in a small accident a few years ago and their claim process was the easiest thing we've dealt with. It was amazing. So when farmers fucked us, we called selective. I got quotes from some others too but selective came in better priced anyways. Hope it ends up working out longterm. We had MetLife home and auto for a long time with several claims and they took care of us, but farmers bought them and fucked it all up.
 
WJCO said:
Selective. One of their driver's hit us in a small accident a few years ago and their claim process was the easiest thing we've dealt with. It was amazing. So when farmers fucked us, we called selective. I got quotes from some others too but selective came in better priced anyways. Hope it ends up working out longterm. We had MetLife home and auto for a long time with several claims and they took care of us, but farmers bought them and fucked it all up.
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I never heard of Selective for auto, I need a new company since my geico rate is going up 🙄
 
WJCO said:
Selective. One of their driver's hit us in a small accident a few years ago and their claim process was the easiest thing we've dealt with. It was amazing. So when farmers fucked us, we called selective. I got quotes from some others too but selective came in better priced anyways. Hope it ends up working out longterm. We had MetLife home and auto for a long time with several claims and they took care of us, but farmers bought them and fucked it all up.
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I'm currently with Farmers, great rate as they were trying to get back into Texas, but last increase is a big no... shopping around, will takea look at Selective.
 
wayoflife said:
It really is nuts how much parts cost now. What sucks is that in order to still be profitable, prices have to go up but that's only making it harder to sell their parts because nobody can afford it. But hey, so long as we can pay to forgive dumbass student loans, we're all good (y)

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Ha! Funny…but very far from true. The only lawyers I’ve ever known who got loan forgiveness are the ones who work for the government (usually public defenders) because the salaries are so far below the private market. And those programs have been around for 30+ years. I’ve paid back, and am still paying, every penny of my loan (which fortunately was not high due to a scholarship I earned). Same is true for every lawyer I know because they make too much money to qualify for forgiveness.

The people begging for forgiveness are primarily the people who got undergraduate degrees in worthless liberal arts shit that provide almost no value to employers.
 
OverlanderJK said:
Who do you have? We’ve been trying to get builders risk and got quotes and when we said okay do it they said oh quotes aren’t valid because you already started building. wtf?
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Builders risk is rarely going to be available mid project for a variety of reasons. I deal with insurance related to construction every day on projects that vary from $200K to $400M. Insurance is complex, extremely difficult for non-lawyers to fully be apprised of the impacts, and a game that is designed for the insurers and not the insured. It honestly sucks even for someone with my training and background.
 
WJCO said:
CA and NY is just stupid. I can see FL with the weather damage risk. I also expect insurance to rise at some degree because replacement cost is increasing thanks to endless money printing, but 70% is ludicrous. I've heard numerous stories in the last year of insurance companies just dropping people randomly for no reason.
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Many of the insurance problems are inflicted by state governments. They incur new requirements which dramatically increase the risk for the insurance companies. So the insurance companies leave, or charge astronomical rates.

Many issues can be solved by throwing the bums out and electing new leadership. But some issues are caused by unelected regulators who are difficult to get rid of.
 
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