Re: Earthquake insurance--any suggestions?

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Article #2001

#2001

From: fsmith
Date: Mon, 21 Jul 1997 00:00

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> Based on the numbers, owning a house in most of California is
> aseismically
> bad deal.
>
> I've never understood the claim that the insurance companies are being
>
> greedy. Companies that want to make money don't (a) stop selling a
> product which is a vital necessity to its customers, (b) charge so
> much for
> a product no one will buy it, unless it is somewhere near the true
> cost and
> they have to.
>

Selling insurance is a business, therefor a profit must be madeThey
can't risk losing the stockholders money.

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From: fsmith <fsmith@mail.bcpl.lib.md.us>
Subject: Re: Earthquake insurance--any suggestions?
Date: 1997/07/21
Message-ID: <33D30F77.CED55D93@mail.bcpl.lib.md.us>
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