The Border Crisis: Is Allowing Illegals To Flood In A Good Thing?

Lineandinitial

Legio patria nostra
People who call people names are uninformed and usually have hit a wall. It was just a question. Then there is this……..⬇️
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My God, the mass exodus of low paid personnel is being felt as far north as Newark, NJ
GMAFB….just dumb
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Darmark7

Retired 2020. Not my Problem Anymore!
Yes 🙌…Common sense prevails again. Not sure about insurance though.

The value of something has a big impact on what you are charged to insure it. The deductible is what hits us hard in Florida. I have a 5% deductible for hurricane coverage. Take my house for example. When I bought it in 2009 it was less than $100k so if a hurricane hit I paid less than $5k and then the insurance kicked in. Now my house is valued at $350k so now I have to come up with $17,500 before insurance kicks in. That’s a huge cost adjustment for the same house and that is just the deductible not even counting the rise in the premiums.
 

Wally

BrownCafe Innovator & King of Puns
The value of something has a big impact on what you are charged to insure it. The deductible is what hits us hard in Florida. I have a 5% deductible for hurricane coverage. Take my house for example. When I bought it in 2009 it was less than $100k so if a hurricane hit I paid less than $5k and then the insurance kicked in. Now my house is valued at $350k so now I have to come up with $17,500 before insurance kicks in. That’s a huge cost adjustment for the same house and that is just the deductible not even counting the rise in the premiums.
How much more for a lower deductible?
 

Darmark7

Retired 2020. Not my Problem Anymore!
How much more for a lower deductible?

You can get 2%, 5% or 10% Deductible. There isn‘t a hugh difference in the premiums. Save maybe $500 on a $3000 premium. Think of it with a 10% deductible on a $340k house you have to shell out $34k before insurance will pay a dime. You could replace your whole roof and a quite a few other things before insurance would pay a dime and for this “great” coverage you will be paying thousands of dollars.
 

vantexan

Well-Known Member
You can get 2%, 5% or 10% Deductible. There isn‘t a hugh difference in the premiums. Save maybe $500 on a $3000 premium. Think of it with a 10% deductible on a $340k house you have to shell out $34k before insurance will pay a dime. You could replace your whole roof and a quite a few other things before insurance would pay a dime and for this “great” coverage you will be paying thousands of dollars.
We're in the middle of Florida. My dad doesn't have insurance for the reasons you cited. My sister was recently contacted by her insurance company that she'll need to get a new roof to comply with their requirements. No insurance then house is foreclosed on is my understanding.
 

Darmark7

Retired 2020. Not my Problem Anymore!
We're in the middle of Florida. My dad doesn't have insurance for the reasons you cited. My sister was recently contacted by her insurance company that she'll need to get a new roof to comply with their requirements. No insurance then house is foreclosed on is my understanding.

My house is paid for and I thought many times about dropping the insurance. The only reason I don’t is because of tornadoes that spin up when a hurricane comes through. A tornado can destroy the house completely. It happened to a few people I know.
 

vantexan

Well-Known Member
My house is paid for and I thought many times about dropping the insurance. The only reason I don’t is because of tornadoes that spin up when a hurricane comes through. A tornado can destroy the house completely. It happened to a few people I know.
Gets pretty tense around here when a hurricane comes through lol. He just spent $20k on a new roof.
 

Over70irregs

Well-Known Member
PT Barnum was describing you.
But then again, you people will light yourselves on fire if you thought it would cast darkness on your President, Donald J. Trump
PT Barnum-lol was hoaxer. Now I see why you brought him up

You people - your mistaken. Figure it out. There is just us.

Big T is my guy. He is going to make me rich 🤑 hopefully wealthy one day.
 
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