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Started By
Message
re: State Farm Hurricane Deductible
Posted on 8/31/20 at 7:26 pm to tigerlife36
Posted on 8/31/20 at 7:26 pm to tigerlife36
Farm Bureau 1%
0
Posted on 8/31/20 at 7:26 pm to LSUsmartass
I can assure you all companies have to offer the same deductible options. It’s required by the state
Posted on 8/31/20 at 7:30 pm to theronswanson
You can shop around and get better than 5% or 2% deductibles. Tort reform wasn’t needed on homeowners insurance because there are literally dozens to choose from. Ask a commercial trucker how many insurance carriers/options he has.
Stop being bitter billboard POS ambulance chasing bottom feeding plaintiff turd.
Stop being bitter billboard POS ambulance chasing bottom feeding plaintiff turd.
Posted on 8/31/20 at 7:32 pm to In The Know
I have ASI
$2500 hurricane deductible
$2500 hurricane deductible
Posted on 8/31/20 at 7:34 pm to Pedro
quote:
Insurance is such a joke
Insurance is math. Plain and simple.
Dealing with them can be a joke, but the policies are simply math.
Posted on 8/31/20 at 7:36 pm to xtremecouture23
quote:
When shopping around I always make sure I have a $1000 named storm deductible. I have a feeling sooner or later it will be harder to find.
Plenty of things are negotiable on an insurance policy.
I believe my policy has a $2500 named storm deductible, same as my regular claim deductible. Insurance is cheap as hell as a result.
Posted on 8/31/20 at 7:36 pm to tigerlife36
It was raised after Katrina losses, but then I believe lowered again. Most companies have some type of named storm deductible now.
Posted on 8/31/20 at 7:38 pm to zippyputt
It’s an option on the policy. It’s an endorsement that saves money on the premium
Posted on 8/31/20 at 7:43 pm to slackster
quote:
Insurance is math. Plain and simple.
What part of the math is denying every claim after a disaster and forcing your clients to sue you, and losing every suit. That was just about everyones experience with State Farm after Katrina, not honoring the contract that homeowners paid for for decades on the basis of “math”. I’d say it’s more of a for profit gambling enterprise where you don’t honor your side unless your clients sue you, but “math” works as well.
Posted on 8/31/20 at 7:44 pm to RedFoxx
Yep and after Laura watch it go up to 10%
Insurance is a racket
For what you pay Over time you would think you should get some benefit
Insurance is a racket
For what you pay Over time you would think you should get some benefit
Posted on 8/31/20 at 7:46 pm to Hickok
quote:
What part of the math is denying every claim after a disaster and forcing your clients to sue you, and losing every suit. That was just about everyones experience with State Farm after Katrina, not honoring the contract that homeowners paid for for decades on the basis of “math”. I’d say it’s more of a for profit gambling enterprise where you don’t honor your side unless your clients sue you, but “math” works as well.
Still math. Some companies are bigger ducks about paying claims than others, and I mentioned that.
It’s pretty normal that people don’t understand risk or read their policies though, nor do they understand what their options are.
Posted on 8/31/20 at 7:55 pm to LSUsmartass
Yep, we did the same. We have a 1K through UPC.
Posted on 8/31/20 at 7:56 pm to In The Know
quote:
Stop being bitter billboard POS ambulance chasing bottom feeding plaintiff turd.
Melt bitch
Posted on 8/31/20 at 7:58 pm to slackster
quote:
It’s pretty normal that people don’t understand risk or read their policies though, nor do they understand what their options are.
It’s also normal that people do understand risk, work in the insurance industry, know their options, and still get denied what they are owed. Being a frick about not paying isn’t in the policy, it’s more of not honoring a contract, which is why it went to court, in which they lost.
Posted on 8/31/20 at 8:01 pm to Hickok
quote:
It’s also normal that people do understand risk, work in the insurance industry, know their options, and still get denied what they are owed.
I’m sorry you got hosed, but the point still stands - people don’t understand the product, despite how relatively simple most retail insurance products are. This thread is a perfect example.
Posted on 8/31/20 at 8:06 pm to slackster
It was my father, not me, but he ended up doing fine after 4 years of not getting paid and working his arse off trying to provide after losing everything. I understand where you’re coming from, but it’s just a reminder that even if you understand your policy, there is a good chance they won’t pay unless you’re willing to take it to trial in the event of mass disaster.
Posted on 8/31/20 at 8:13 pm to tigerlife36
Switched fro State Farm to GEICO and deductible went from 5% to 2%.
Posted on 8/31/20 at 8:15 pm to Hickok
I’m not sure why someone would brag about a $1000 named storm policy either, that just means your insurance premiums are likely very high. Somewhere around 1-2% seems pretty fair to me.
Let’s not forget that things like a new roof are usually much more after a storm due to labor and material costs going up.
Let’s not forget that things like a new roof are usually much more after a storm due to labor and material costs going up.
Posted on 8/31/20 at 8:17 pm to Hickok
quote:
was my father, not me, but he ended up doing fine after 4 years of not getting paid and working his arse off trying to provide after losing everything. I understand where you’re coming from, but it’s just a reminder that even if you understand your policy, there is a good chance they won’t pay unless you’re willing to take it to trial in the event of mass disaster.
One of the problems I’ve seen with hurricane insurance issues is there is a difference between wind, surge, and flood damage when it comes to a storm. This isn’t always made clear and many people don’t buy 1-2 of the 3, and that’s what gets them. Surge can damage a lot of homes not effected by wind depending on the area. Not trying to discuss any specific situation just something I’ve seen in the past a lot.
Posted on 8/31/20 at 8:18 pm to tigerlife36
State Farm is the same company that fricked Mississippians for 10 years over semantics of flooding vs wind/rain damage over the 30’ storm surge from Katrina
frick them
frick them
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