- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Got my answer page 3; IF my house is paid off, I can't have NO insurance if I choose to
Posted on 5/31/23 at 3:59 pm
Posted on 5/31/23 at 3:59 pm
SOMEONE please explain this to me.
If I want to take that risk, why am I not allowed to do so? Seriously. I'm confident in our situation to do what we need to do.
So why can't I opt for NO insurance if I don't want it??
If I want to take that risk, why am I not allowed to do so? Seriously. I'm confident in our situation to do what we need to do.
So why can't I opt for NO insurance if I don't want it??
This post was edited on 6/6/23 at 2:11 pm
18
Posted on 5/31/23 at 4:00 pm to tiger91
You should be able to self insure unless you live in some sort of PUD that has special requirements.
Posted on 5/31/23 at 4:01 pm to tiger91
Probably a dumb question on my part. If your home is paid in full, what's stopping you from self-insuring?
Posted on 5/31/23 at 4:02 pm to tiger91
If your house is mortgage free, who is telling you you have to have insurance?
Posted on 5/31/23 at 4:02 pm to tiger91
Who told you that you can't self insure?
Posted on 5/31/23 at 4:03 pm to tiger91
Who is telling you otherwise?
Posted on 5/31/23 at 4:05 pm to iknowmorethanyou
I called Farm Bureau to see if they could see our LA Citizens new premium on their end yet. She said no but to expect 65% or so BUT some haven't been that high.
I then said we are considering just self insuring and she said no can do.
Our agent was out for the day so this was the secretary ... left a message for him to call me tomorrow.
I then said we are considering just self insuring and she said no can do.
Our agent was out for the day so this was the secretary ... left a message for him to call me tomorrow.
Posted on 5/31/23 at 4:08 pm to tiger91
quote:
I then said we are considering just self insuring and she said no can do
She wouldn't know if you can self insure or not.
The only party who could force you to insure would be a HOA or condo association and that would require bylaws as such prior to you moving in.
I've never seen those types of bylaws. But they could exist.
Posted on 5/31/23 at 4:10 pm to tiger91
Yea that's bullshite.
Posted on 5/31/23 at 4:15 pm to tiger91
quote:
I then said we are considering just self insuring and she said no can do.
She should be fired for saying this
Posted on 5/31/23 at 4:17 pm to tiger91
If you don't pay the renewal, I promise you won't have coverage. She doesn't know what she's talking about
Posted on 5/31/23 at 4:18 pm to tiger91
she is incorrect. You can self insure on both fire and/or wind/hail. You can keep your Farm Bureau hazard and drop the wind coverage through Citizens
Posted on 5/31/23 at 4:22 pm to Skeeter 79
Is this for flood insurance or just hazard insurance? If you’re in a flood zone aren’t you required to get flood only in order to qualify for any fema aid etc etc. Have no clue, just asking.
And your agent can pound sand. You don’t have to have insurance if you don’t have a mortgage. Unless there’s something you’re not revealing
And your agent can pound sand. You don’t have to have insurance if you don’t have a mortgage. Unless there’s something you’re not revealing
Posted on 5/31/23 at 4:23 pm to tiger91
Do you have an umbrella policy?
Posted on 5/31/23 at 4:41 pm to tiger91
quote:
I called Farm Bureau to see if they could see our LA Citizens new premium on their end yet. She said no but to expect 65% or so BUT some haven't been that high.
Tell Sandi to give you a break
Posted on 5/31/23 at 4:48 pm to Skeeter 79
quote:
self insure on both fire and/or wind/hail. You can keep your Farm Bureau hazard and drop the wind coverage through Citizens
This is what I plan to do, soon
Posted on 5/31/23 at 4:54 pm to tiger91
She probably didn't know what "self-insure" meant.
But Farm Bureau can't tell you what to do. Just don't pay them bill and see how fast you are self-insured.
But Farm Bureau can't tell you what to do. Just don't pay them bill and see how fast you are self-insured.
Posted on 5/31/23 at 6:12 pm to Bjorn Cyborg
I know a number of high net worth individuals self insuring for wind / storms in New Orleans and along the MS coast. They are insuring only for fire.
Posted on 5/31/23 at 6:44 pm to tiger91
This is the most failest OP in the history of the money board.
Posted on 5/31/23 at 8:40 pm to tiger91
quote:
I can't have NO insurance
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News