re: How many people here still have homeowners and/or flood insurance?

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Today’s rates are much lower. Go pay your flood insurance and do a cash out refi

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Or he could at least set aside the same "premium payment" every month in an investment account and essentially self insure. But how many have the actual steadfast will to do that?

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h but the attorneys that buy entire dockets of plaintiffs, assert bogus claims with trumped-up damages to try and recover large sums of money against insurance companies, leading to all of our rates going up, you’re cool with those guys?

Careful now...I defense insureds too. That means you, when you are in trouble. No one ever complains when I’m the bad guy stepping in to shield them from a bullet in the lawsuit and holding their hand the entire way when they are scared some bs claim will ruin them financially.

Stick to your lane scooter. The world is full of false assumptions and you just stated one

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I have a friend who is the claims investigator for a large insurance company that represents cities, counties and PDs.

He’s a really great guy, but in some ways I hate and and some ways I love him.

He’s had to square off against Lee Merrit (who I don’t care for, but think he’s had some good points) and Ben Crump (who I really, really don’t like.)

In some situations he’s doing things like trying to make sure Alton Sterling’s family isn’t getting paid. In another situation he’s looking at the evidence to approve that Walter Scott’s family does. Not saying he worked either of those cases, but an example of what he does.

He has been involved with some high profile cases in that vain.

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...and was finally able to drop my homeowners insurance.

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I see'nt some dumb shite, but this may take the cake...

Agree with OP, except I plan to keep flood and a fire/liability only policy. Not buying storm coverage.

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Everyone seems to love making the insurance companies rich

I wonder what kind of kickbacks mortgage companies get for forcing insurance on their customers

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You are trying way too hard

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Ah but the attorneys that buy entire dockets of plaintiffs, assert bogus claims with trumped-up damages to try and recover large sums of money against insurance companies

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"...excruciating, extreme and severe pain..."

This can't be real. You can't be successful enough to pay your house off in 15 years but still dumb enough to not insure your primary residence. I can only assume you have enough money squirreled away to fully cover your entire structure and contents in the event of a total loss, as well as any potential liability exposures for damages and legal fees you could have when someone decides to sue you when they step in a hole or trip on your sidewalk.

Did you also have your inspector certify that your house is immune to lightning strikes? Did he break down every electrical appliance in the house and guarantee that nothing will ever short out while you are at the grocery store? Thats amazing.

How many people flooded in 2016 that had never flooded before besides virtually all of them?

I hope you live alone because if not I feel bad for your family who is living with no protection.

I am 68 and have owned 3 different houses along theway. To not have insurance on your home is asinine. I never needed to file a claim but it keeps the worries away. Imagine driving up to your smoldering home’s remains and thinking, “frick, It’s all gone!” Shop for the cheapest if necessary. .

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Or he could at least set aside the same "premium payment" every month in an investment account and essentially self insure. But how many have the actual steadfast will to do that?

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Lets say the home replacement cost is 300,000. Annual premium is 2,000. It would take 150 years (without interest) to save the 300,000 to rebuild.

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Now THIS is a waste of money. They will find a way to not pay.

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They better hope they didn't drop their insurance because their building is getting torched