Re: Chumponomics was: Firefighters did the Christian thing in letting houseburn to the ground

Well we can all agree insurance is a racket, and in most cases I expect we do
agree, but the fact is that it is a racket we are stuck with, and one that we
know.

And many people are more than happy to game the system and get more out of their
overage than they deserve.

-----Original Message-----
From: [email protected] [mailto:[email protected]] On Behalf
Of Mike Findlay
Sent: Friday, October 08, 2010 1:54 PM
To: DADL (off topic)
Subject: Re: [DADL-OT] Chumponomics was: Firefighters did the Christian thing in
letting houseburn to the ground

You got that right.  My wife worked at an insurance agency for a couple
years and that's the first thing out her mouth when talking about insurance.

Mike F.

--------------------------------------------------
From: "Lance McLain" <lance-X3DuywwxauBWk0Htik3J/[email protected]>
Sent: Friday, October 08, 2010 2:20 PM
To: "DADL (off topic)" <[email protected]>
Subject: Re: [DADL-OT] Chumponomics was: Firefighters did the Christian
thing in letting houseburn to the ground

>
>> Karl
>> I wonder.  The insurance would almost be within its rights to tell them
>> to
>> piss
>> off if they refused to take reasonable precautions.
>
> Possible, depends on the policy wording.  And may I encourage every
> homeowner to go read your policy right now!  A few years back I did a
> refinance and let the mortgage company pick the insurance company.  After
> the closing I was reading the policy and it only covered paying off the
> loan directly to the bank (regardless of the value of the property loss I
> had).  In the event of a fire, I would have been homeless and my other
> personal possessions would have not been replaced.
> And to add insult to injury, I was paying 3 times the cost for that policy
> compared to the good one I replaced it with protecting ME.  It was a
> racket (fraud I'd say) between the bank (countrywide and the insurance
> company).
>
> I'm telling you right now, these guys are thieves....
>
> regards,
> -Lance
>
>
>
>
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