🚀 go-pugleaf

In article <3pg2ij$mi9@mercury.cpd.tandem.com>,
shen_martin <martins@loc201.tandem.com> wrote:
>
>Hello,
>
>I've not filed a single claim since I moved into this home 4 years ago,
>but my premium has gone up almost 40% for the last 3 years. And, I just
>got the premium notice for the next year which has another 25% hike.
>Well, I started shopping around for a new home insurance policy. 
>Guess what? All major California insurance companies stopped writing 
>new policy. Does that mean I have to accept the 25% rate hike for the next 
>year w/o any other recourse? 

[...]

In a sense, insurance is a form of gambling. You put up money and bet
that you will have a fire/flood or whatever, in which case you will get
money from the insurance company. The insurance company, using
actuarial statistics, has set the odds, and if you don't have a
fire/flood or whatever, they win, and keep your money.

Now if you are in Tahoe, and you are playing the roulette wheel, and
you haven't won for many turns, do you seriously think the casino
should lower your odds for you? Or give you some of your money back?

Each premium year is a separate event, just like each play of the
wheel.




-- 


    ********** DAVE HATUNEN (hatunen@netcom.com) **********
    *     Daly City California: almost San Francisco      *
    *   but with parking and lower car insurance rates    *
    *******************************************************