HOW CAN INSURANCE COMPANIES RAISE RATES - PowerStrokeNation : Ford Powerstroke Diesel Forum
 
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post #1 of 5 (permalink) Old 10-24-2010, 01:30 AM Thread Starter
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HOW CAN INSURANCE COMPANIES RAISE RATES

Why can insurance companies raise youre auto insurance rates when you havent had a claim or an accident. Raise youre home owner rates when the value of our or my house has went down and I havnt filed a claim ever. When I ask why they tell me its a nation wide price increase.
If you want to drive leagley in Michigan you must have insurance and if you have a home loan you must have insurance. It seems CROOKED to me. kinda like the mob did years ago. I need to get into the insurance buisness. It looks to be a guarenteed sucessfull buisness when the state has youre back.


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post #2 of 5 (permalink) Old 10-24-2010, 01:42 AM
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Re: HOW CAN INSURANCE COMPANIES RAISE RATES

Insurance is nothing more than a legal scam..
post #3 of 5 (permalink) Old 10-24-2010, 01:49 AM
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Re: HOW CAN INSURANCE COMPANIES RAISE RATES

it should be called in case chit happens, if nothing happens you should at least get a refund. My house insurance is pretty good for the house, my insurance on my new truck is stupid my old truck was 70 bucks new one is lilek 120 bucks

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post #4 of 5 (permalink) Old 10-29-2010, 07:25 PM
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Re: HOW CAN INSURANCE COMPANIES RAISE RATES

Cost of doing business. Claims for other peoples accidents cannot be obsorbed so up go the rates. If you limit what thay can charge/earn, what is the motivation to continue in the business. No profit after expensies does not make a solid company.

"Insurance is nothing more than a legal scam.."

Actually it's a bet. The insurance company bets you won't wreck your truck, get sick or die young. You think you will so you take the bet. The scam is the gobment mandatinging it.
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post #5 of 5 (permalink) Old 10-29-2010, 10:09 PM
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Re: HOW CAN INSURANCE COMPANIES RAISE RATES

Quote:
Originally Posted by LCOwner View Post
Cost of doing business. Claims for other peoples accidents cannot be obsorbed so up go the rates. If you limit what thay can charge/earn, what is the motivation to continue in the business. No profit after expensies does not make a solid company.

"Insurance is nothing more than a legal scam.."

Actually it's a bet. The insurance company bets you won't wreck your truck, get sick or die young. You think you will so you take the bet. The scam is the gobment mandatinging it.
You take the bet because you have to.. And it is a scam, allways has been.. You pay for years and then have a problem and they make you pay surcharges for years because you used it.. They are not taking a bet.. All they are doing is collecting money every month on policy's that most times have high deductibles.. They know between the deductibles and the surcharges most people are better off paying for whatever it is themselves..
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