This is a good guy and he's rightfully freaking out, but I'm just sitting here chuckling and thinking "damn, that's a great way to wake people up".
How many billions have gone into making us worry about our credit score, with the idea of expanding it into a social credit score at some point in the future? What better way to nuke that fucked up concept than to make a high credit score a "white" quality worthy of derision and punishment?
I switched carriers last week for better coverage and less monthly on home and auto from a reputable national carrier so if mine are going up it’s not for another year minimum
Our house and auto insurance was due. House, 4850 sq/ft, was with $757 and four old cars was $1500. The wife was upset with the new rates and asked our insurance lady to reevaluate some of the line items on various options. This year the house was $1000 and the cars were $1200. Looks like a wash, but we have a bit more coverage on the house and dropped full coverage on one of the vehicles. We also went to a Farmers insurance agent to get a quote and found out their rates had increased by 35% since the previous year. He quoted us around $3k for the house and cars. Ugh, needless to say we kept our Safeco insurance. My advise to everyone is to go to a insurance broker and have that person shop around for the best rates. Don't think that the insurance agent you've been using for decades is going to have the best rates. It's your money, going into these hard times, you need to keep as much as you can.
I saw on my bank statement my ins made a charge, & it had gone up 15%/mo from last year if divided by 12. I called to ask why. Last year I paid the entire year in one chunk. They changed it to monthly & added a monthly fee to do so. So, I paid this year in one chunk. The guy was either dumbfounded somebody would do that, or by the discount for doing so. Maybe he did not know. Maybe his metrics got dinged for the refund. It amounted to saving $106/month.
My husband and I have been wondering what the impact will be on current home owners... it looks like the largest impact is insurance costs. But I think they will find a way to screw us harder too.
There is a difference between a penalty forced upon people with good credit, and businesses recouping losses by raising rates.
Insurance is one of those frustrating necessities. But you can still shop around, earn discounts, choose how much insurance, set your deductible, etc. Paying a higher rate due to high losses across the company's coverage area is just a fact of business--but everyone is paying that higher rate (not just those with good credit), and, when you experience a loss, you are able to be covered because everyone else paid that higher rate.
The mortgage rate thing is shitty because it is taking from one to give to another, with no chance for the one who is taken from to every benefit equally.
What you speak of is not all situations of sharing risk. While they both do that people who can't afford to buy a house and have bad credit just should not be given mortgages. Lending to people who can't afford it has been a problem since the Obama years.
Florida is going to start charging people under the government insurance program, charge everyone for flood even in high ground evacuation areas not needed.
The Supreme Court ruled the healthcare mandate was unconstitutional forcing people to buy a consumer product. Now, everybody having health insurance does lower the price for everybody but health insurance is something everybody will need one day. But the mandate was still unconstitutional in our Republic forcing a product you do not need or want.
To charge people on high ground far away from the luxury of living near the beach to help those rich people who live there and make others by flood insurance is just as unconstitutional. A government insurance run program making people buy flood insurance who live on top of a hill who don't need it to subsidize rich people who live on the water.
This is the new bill Rhonda Santos allowed in Florida. I believe it's going to be challenged and should go to the supreme Court. But I don't expect his attorney general to walk it there like everything else....in Fl.
This was the one issue Floridians wanted resolved and were very concerned about the governor. They did nothing until after the election and called for a special session to so-call fix our insurance problem. They get paid more in a special session and save all of the important work for that time after their re-elections.
Ron was good on freedom and trannies but real issues that you normally care for every day in a state he did not do well at all.
But just look what DeSantis offered up for Social security when he was on the committee while serving in Congress!
It is correct to share risk like all drivers using the road. But some people are being forced to are not a part of that risk, ala- flood insurance.
This is a good guy and he's rightfully freaking out, but I'm just sitting here chuckling and thinking "damn, that's a great way to wake people up".
How many billions have gone into making us worry about our credit score, with the idea of expanding it into a social credit score at some point in the future? What better way to nuke that fucked up concept than to make a high credit score a "white" quality worthy of derision and punishment?
My home insurance went down quite a chunk this year. But then again, I'm with USAA which has always been cheaper for me than alternatives.
My home insurance went up 30% this year! WTF
I know our home & auto insurance has skyrocketed recently, it’s freaking crazy!
Every state or local municipality controls property tax rates. Not the Feds The executive order will be most likely nixed by SCOTUS.
I switched carriers last week for better coverage and less monthly on home and auto from a reputable national carrier so if mine are going up it’s not for another year minimum
Our house and auto insurance was due. House, 4850 sq/ft, was with $757 and four old cars was $1500. The wife was upset with the new rates and asked our insurance lady to reevaluate some of the line items on various options. This year the house was $1000 and the cars were $1200. Looks like a wash, but we have a bit more coverage on the house and dropped full coverage on one of the vehicles. We also went to a Farmers insurance agent to get a quote and found out their rates had increased by 35% since the previous year. He quoted us around $3k for the house and cars. Ugh, needless to say we kept our Safeco insurance. My advise to everyone is to go to a insurance broker and have that person shop around for the best rates. Don't think that the insurance agent you've been using for decades is going to have the best rates. It's your money, going into these hard times, you need to keep as much as you can.
I saw on my bank statement my ins made a charge, & it had gone up 15%/mo from last year if divided by 12. I called to ask why. Last year I paid the entire year in one chunk. They changed it to monthly & added a monthly fee to do so. So, I paid this year in one chunk. The guy was either dumbfounded somebody would do that, or by the discount for doing so. Maybe he did not know. Maybe his metrics got dinged for the refund. It amounted to saving $106/month.
My husband and I have been wondering what the impact will be on current home owners... it looks like the largest impact is insurance costs. But I think they will find a way to screw us harder too.
There is a difference between a penalty forced upon people with good credit, and businesses recouping losses by raising rates.
Insurance is one of those frustrating necessities. But you can still shop around, earn discounts, choose how much insurance, set your deductible, etc. Paying a higher rate due to high losses across the company's coverage area is just a fact of business--but everyone is paying that higher rate (not just those with good credit), and, when you experience a loss, you are able to be covered because everyone else paid that higher rate.
The mortgage rate thing is shitty because it is taking from one to give to another, with no chance for the one who is taken from to every benefit equally.
What you speak of is not all situations of sharing risk. While they both do that people who can't afford to buy a house and have bad credit just should not be given mortgages. Lending to people who can't afford it has been a problem since the Obama years.
Florida is going to start charging people under the government insurance program, charge everyone for flood even in high ground evacuation areas not needed.
The Supreme Court ruled the healthcare mandate was unconstitutional forcing people to buy a consumer product. Now, everybody having health insurance does lower the price for everybody but health insurance is something everybody will need one day. But the mandate was still unconstitutional in our Republic forcing a product you do not need or want.
To charge people on high ground far away from the luxury of living near the beach to help those rich people who live there and make others by flood insurance is just as unconstitutional. A government insurance run program making people buy flood insurance who live on top of a hill who don't need it to subsidize rich people who live on the water.
This is the new bill Rhonda Santos allowed in Florida. I believe it's going to be challenged and should go to the supreme Court. But I don't expect his attorney general to walk it there like everything else....in Fl.
This was the one issue Floridians wanted resolved and were very concerned about the governor. They did nothing until after the election and called for a special session to so-call fix our insurance problem. They get paid more in a special session and save all of the important work for that time after their re-elections.
Ron was good on freedom and trannies but real issues that you normally care for every day in a state he did not do well at all.
But just look what DeSantis offered up for Social security when he was on the committee while serving in Congress!
It is correct to share risk like all drivers using the road. But some people are being forced to are not a part of that risk, ala- flood insurance.
Agreed. And that sucks about the FL flood insurance...