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Started By
Message
re: Home Owners Insurance
Posted on 7/10/09 at 11:53 am to Y.A. Tittle
Posted on 7/10/09 at 11:53 am to Y.A. Tittle
quote:
In New Orleans????
That's a different situation, if I told you I knew anything about that area I would be lying. You could probably tell me more about it than I could tell you. What's the situation over there? Fwiw I work in a small town in central LA and our auto rates are higher than NO and BR so at least you have that going for you.
1
Posted on 7/10/09 at 12:10 pm to TigerNlc
Well I liked parts of being a claim adjuster, it was fun to argue with ATTY, Insured’s, Claimants, and Body Shops. I didn’t like handling bodily injury. I only did it for 8 months,, I never had a death claim,, I did have several loss of limbs. Its hard to talk to families about the fact that my crappy insured had a minimum policy and now your son who is 12 and missing an arm is only going to get x for his damage,, since we have other claims on the same accident. I tried to move to Total Loss(Property Damage) but they didn’t have spot for me. It was the one regret I made, if I would have held out for a TL spot I would have been better off.
Posted on 7/10/09 at 12:13 pm to DieSmilen
Wow, I never considered that. I guess it makes you realize that you should have sufficient insurance but the bottom line is it's not always affordable for everyone.
Posted on 7/10/09 at 1:24 pm to TigerNlc
State required minimum coverage is a joke if there's a serious accident.
Posted on 7/10/09 at 1:27 pm to TigerNlc
As a State Farm agent, could you please ask someone in your company to explain to me why SF has no answer for their refusal to write homeowners policies in New Orleans??
I'm have auto with SF, so I am a paying customer.
My local SF office has employees that are like robots when I ask about homeowners:
2006 - "We can sell you a policy through Louisiana Citizens."
2007 - "We can sell you a policy through Louisiana Citizens."
2008 - "We can sell you a policy through Louisiana Citizens."
2009 - "We can sell you a policy through Louisiana Citizens."
Can't anyone provide a straight answer?
I'm have auto with SF, so I am a paying customer.
My local SF office has employees that are like robots when I ask about homeowners:
2006 - "We can sell you a policy through Louisiana Citizens."
2007 - "We can sell you a policy through Louisiana Citizens."
2008 - "We can sell you a policy through Louisiana Citizens."
2009 - "We can sell you a policy through Louisiana Citizens."
Can't anyone provide a straight answer?
This post was edited on 7/10/09 at 1:30 pm
Posted on 7/10/09 at 2:07 pm to BrockLanders
Why can't State Farm write your homeowner's policy? Because they have juuuuust enough homeowner's policies. And, they are financially stable enough to pay out to those current policy holders (whom they have a obligation to protect). Getting more policies on the books could mean when it's time to payout someone, somewhere will suffer. So, if they open up to MAKE money and completely ignore the fact that they have taken on too much risk that would hurt the customers. State Farm is VERY good about assessing risk and they are a company that is financially smart, and IMO they actually care about the people who they insure.
Posted on 7/10/09 at 2:44 pm to LadyLSUfan
quote:
when it's time to payout someone, somewhere will suffer.
I assume you're talking about their shareholders?
quote:
IMO they actually care about the people who they insure.
Auto-wise, they are like anyone else. Did you ever file a homeowners claim with them? I'd be interested to know how they treated you - assuming you're an actual customer, of course.
This post was edited on 7/10/09 at 2:50 pm
Posted on 7/10/09 at 2:49 pm to LadyLSUfan
quote:
State Farm is VERY good about assessing risk and they are a company that is financially smart, and IMO they actually care about the people who they insure.
That was my job while I was there,,, it was my goal that if my insured damaged you in anyway to make you whole as possible and get a release for my insured and the company. I would call other auto insurance companies and if they had minimum limits they would tender and run. The releases they sent over did not release their customers only the insurance company. The releases we sent out released the company and our named insured. I had many cases where people who laweyerd up got less than people who didn't. My advice to every single person I spoke to was to speak with a licensed MD and see what they thought, then provide me with as much information as you can so I could make an assessment of what you were owed. Lost Wages, Medical Damages, Property Damages. People would automattically assume I was out to screw them over. I would tell them if I was in your shoes I would deal with me aslong as you think I am handling your claim fair, but the moment you go get a lawyer all talking stops on my end as I am required to deal directly with your atty. Nothing made me laugh harder than the people who called and said I need my check we agreed on X.X amount, then I would say yes we did and I sent you a release to sign, you didn't sign and sent it to a lawyer and now he is sitting on and I can't speak with you, I am sorry. I got no bonuses on money saved to the company, I got no bonuses on amount of files closed. I did get audited ever couple of weeks and told when I failed to take things into consideration or included them in my settlement.
This post was edited on 7/10/09 at 2:50 pm
Posted on 7/10/09 at 2:51 pm to BrockLanders
quote:
I assume you're talking about their shareholders?
State Farm doesn't really have those in the traditional sense. It's not a publicly traded company. It's a "mutual" company, essentialy owned by its policy holders.
Posted on 7/10/09 at 2:55 pm to Y.A. Tittle
Never knew that...thanx for passing that along.
Posted on 7/10/09 at 3:29 pm to BrockLanders
quote:
State required minimum coverage is a joke if there's a serious accident.
The state minimun is going up the first of next year fwiw so be prepared. When I used the term "mutual" I meant it as they classify customers in mutual and standard. Mutual is the highest a customer is regarded and they reveice a cheaper rate. As for the the not writing homeowner's in NO I really don't know. Call you agent or go to his office and demand to speak to him directly that's what he is there for.
Posted on 7/10/09 at 6:00 pm to BrockLanders
quote:
Did you ever file a homeowners claim with them? I'd be interested to know how they treated you - assuming you're an actual customer, of course.
they were great to me post-Kartina, nothing but good things to say about them
Posted on 7/11/09 at 8:14 am to DieSmilen
Mine runs about 1400 in Gonzales for a 200K house.
Posted on 7/13/09 at 12:03 am to pochejp
````Farmers insurance````home =$469,000```other structures =$92,000````personal property =$322,000``loss of use ==$92,000``````personal liability =$300,000`````medical to others =$5,000``with a $1,000 deductible.``` Annual Premium of $2,256.82....I live in Central just north east of Baton Rouge.``Seems high to me.Insurance Network of LA. said it was the best they could find.
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