DRR Pro
| quote: Originally posted by racerdude2054:
Just purchased a new house last week. New build, 3150 square feet, sitting on 9 acres. Home owners has 1 million in personal liability, plus all the normal stuff like replacement costs. 550 a year for the policy
Don't expect it to stay that low. Once the hook is set, they'll start reeling you in.  ΜΟΛΩΝ ΛΑΒΕ |
| | | Posts: 562 | Location: Republic of Texas | Registered: January 16, 2011 | 
IP
|
|
DRR S/Pro
| We have home and Auto Insurance through Costco. The Home Owners Insurance cost me $1,200 a year, my wife's SUV, my truck and our motor home costs us $1,491.22 per year making the total $2,691.22 (or a total of $224.27 per month). No accidents, no tickets, no thefts, never made a claim on the home owners policy so now they want to cancel us because "We live in a fire zone", they must mean anywhere in California. There has never been a fire in this area in at least 130 years.
For 35 years I was a gift to them, they made more than $94,192 profit (No claims). This was a really stupid decision.....it's their loss.
Bob |
| | | Posts: 3219 | Location: Lakeside, Ca | Registered: February 15, 2003 |
IP
|
|
DRR Top Comp
| quote: Originally posted by RPROGAS:
We have home and Auto Insurance through Costco. The Home Owners Insurance cost me $1,200 a year, my wife's SUV, my truck and our motor home costs us $1,491.22 per year making the total $2,691.22 (or a total of $224.27 per month). No accidents, no tickets, no thefts, never made a claim on the home owners policy so now they want to cancel us because "We live in a fire zone", they must mean anywhere in California. There has never been a fire in this area in at least 130 years.
For 35 years I was a gift to them, they made more than $94,192 profit (No claims). This was a really stupid decision.....it's their loss.
Bob
They are looking at statistics and playing the odds that time is coming for you to have a claim. https://postimg.cc/gallery/np3zpruo/"Dunning-Kruger Effect" -a type of Cognitive bias where people with little expertise or ability assume they have superior expertise or ability. This overestimation occurs as a result of the fact that they do not have enough knowledge to know they don't have enough knowledge. Before you argue with someone ask yourself, "Is this person mentally mature enough to grasp the concept of a different perspective?" If not there is no point to argue. 4X NE2 CHAMPION. 2020 TDRA NE2 Champion |
| | | Posts: 4319 | Location: United States of Texas | Registered: April 02, 2011 |
IP
|
|
