Removing collision/comp

[W2R]

Quote:

Originally Posted by rjpatt I would think that insurance companies would offer umbrella policies in New Orleans. May be at a much higher price than normal, but even New Orleans has successful businesspeople with significant assets that need protection.

I know. Amazing, isn't it? Major insurance companies are carrying on a moratorium on new policies of certain types down here at the present time, including homeowner's insurance. I think it probably has something to do with that moratorium, though I suppose it really doesn't matter why something is, as much as that it just is.

[barbarus]

A 10 year old vehicle is just getting broken-in (well, as long as it's Japanese).

Do you guy do nothing but buy new cars and clothes?

[brewer12345]

Quote:

Originally Posted by rjpatt I also don't understand the connection between Katrina and umbrella insurance. Umbrella insurance only covers liability (correct me if I am wrong) so what liability is created by flooded homes?

In states like FL and LA, the regulators have been playing a game of chicken with the insurers, and consumers have been caught in the middle. Not holding my breath for this to change soon.

[cute fuzzy bunny]

Quote:

Originally Posted by rjpatt what liability is created by flooded homes?

Your house might float down the street and hit someone.

I mean, we've all already seen a house picked up by a tornado and dropped on a witch.