Renter Insurance

Well like I said, I have to have the renters insurance..not something I
would consider under different circumstances due to the fact that my flight
school here has insurance that covers all but $1000 deductible. But the
place where I am doing the taildragger thing requires the renters insurance
for solo and aircraft rental.
Been alot of discussion on insurance but no answers to my questions? I
did find a place that financed the premiums. Avemco was the cheapest but
they would not finance. So I have to pay alittle more and for alittle more
coverage...had to go with 40,000 hull instead of 25,000.
Anyway I will have it for my next flying trip! Myself I think insurance
is a rip off in general. I think back on the outrageous premiums paid for
auto insurance for all those years and WOW I could buy a very nice sports
car with all that money...since I have never filed a claim.
Then you have your medical insurance, which loves you while you are
young and healthy and then wants to cancel on you because you get old!!!!!
Homeowner's insurance that is supposed to cover your home,..but WAIT you
must have earthquake insurance and flood insurance extra!!!! Nothing but
price gouging, IMHO. If the insurance is just we pick and chose what we
cover, then is it really insurance,...or just flushing money down the big
huge toilet!!! Sometimes I wonder.

Patrick
student SPL
aircraft structural mech
"Robert M. Gary" wrote in message
ps.com...
That is waaaaayyyy to blanket of a statement. Buying insurance is
just like any other financial decision. You must weight the risk vs.
the reward. There is no way possible to assign all your risk to
insurance companies so you must decide how much you are willing to pay
to reduce your exposure. It greatly depends on the assests you are
trying to protect and your level of comfort.

-Robert

Myself I think insurance is a rip off in general. I think back on the outrageous premiums paid for auto insurance for all those years and WOW I could buy a very nice sports car with all that money...since I have never filed a claim.

Yep. A big ripoff. Especially when you don't file a claim. They
should have it so that you don't pay any premiums in the years you don't
have claims. Then, if you have an accident, you can pay the $300
insurance policy after the fact, and be covered for the accident. That
way, you don't pay for insurance you don't use (keeping those mooching
insurance companies from making huge profits at your expense), and you
are covered when you do need it.

The only downside I see with this kind of policy is that the insurance
limits would be no greater than the insurance premiums, but that's just
a minor issue that I'm sure can be easily fixed with a ballpoint pen.

Jose
--
Nothing takes longer than a shortcut.
for Email, make the obvious change in the address.

Heheh, gee that sounds workable. I'm sure the insurance companies would
stay solvent for a long time with that. I guess you don't see any
reason for them to receive your premium even though they accepted the
exposure. The fact is insurance is a for-profit industry and as a
result can't charge any more than they need to operate due to
competition. Its an economic principle called "zero profit" that
basically says all companies in a competitive environment will reach
"zero profit" at some point. Now, your definition of "zero profit" is
certainly different than that of the economist but the theory does seem
to reflect actual business results.

-Robert

I guess you don't see any
reason for them to receive your premium
even though they accepted the
exposure.

I guess you didn't see my tongue firmly planted in my cheek.

Jose
--
Nothing takes longer than a shortcut.
for Email, make the obvious change in the address.

"W P Dixon" wrote in message
...

Homeowner's insurance that is supposed to cover your home,..but WAIT you
must have earthquake insurance and flood insurance extra!!!! Nothing but
price gouging, IMHO. If the insurance is just we pick and chose what we
cover, then is it really insurance,...or just flushing money down the big
huge toilet!!! Sometimes I wonder.


Eathquake and Flood are different beasts than the other things homeowner's
policies cover. If you live in the 100 year flood plain or in an earthquake
fault area it's not an issue of if those things are going to happen it is a
matter of when.

Absolutely agree with you, except homeowners insurance should be exactly
that..no more no less. You should not need any other type of rip off
insurance to cover your home. One policy, one coverage..anything happens to
your home it's covered period! But NOOOOOOO we can't do that because the
insurance company whose sole purpose is to cover "accidents" and "mishaps of
nature" think there is supposed to be no risk involved . The only reason we
get insurance is to cover the "chance" of something happening,...well and
because our government makes us get it( cars especially), which in turn lets
the insurance vultures set whatever rate they wish. Think about it, have you
ever seen a full-coverage car insurance policy that did not pay for a cars
water damage, or being destroyed by a tornado, earthquake ? Why should the
homeowner's policy be any different?

Patrick

"Gig 601XL Builder" wr.giacona@coxDOTnet wrote in message
news:C9yBe.40269$DC2.25482@okepread01...

"W P Dixon" wrote in message
...

Homeowner's insurance that is supposed to cover your home,..but WAIT you
must have earthquake insurance and flood insurance extra!!!! Nothing but
price gouging, IMHO. If the insurance is just we pick and chose what we
cover, then is it really insurance,...or just flushing money down the big
huge toilet!!! Sometimes I wonder.


Eathquake and Flood are different beasts than the other things homeowner's
policies cover. If you live in the 100 year flood plain or in an
earthquake fault area it's not an issue of if those things are going to
happen it is a matter of when.

That house is going to be in the same place for a lot longer than my car is
going to be. And outside of a covered damage destruction odds are it will be
there when (NOT IF) an earthquake or flood happens.

With a house in a "danger area" the insurance isn't betting that nothing
will happen to it ever they are betting that it will be some X amount of
time before it happens. As opposed to my homeowners insurance who is betting
that it won't burn down because most houses historicly haven't burned down.

I don't live in an earthquake area or a flood plain and I'm very happy that
I don't have to pay into the pool like those that do. All you have to do to
get out of a "danger area" is move and you won't have to pay for those
coverages.


"W P Dixon" wrote in message
...
Absolutely agree with you, except homeowners insurance should be exactly
that..no more no less. You should not need any other type of rip off
insurance to cover your home. One policy, one coverage..anything happens
to your home it's covered period! But NOOOOOOO we can't do that because
the insurance company whose sole purpose is to cover "accidents" and
"mishaps of nature" think there is supposed to be no risk involved . The
only reason we get insurance is to cover the "chance" of something
happening,...well and because our government makes us get it( cars
especially), which in turn lets the insurance vultures set whatever rate
they wish. Think about it, have you ever seen a full-coverage car
insurance policy that did not pay for a cars water damage, or being
destroyed by a tornado, earthquake ? Why should the homeowner's policy be
any different?

Patrick

"Gig 601XL Builder" wr.giacona@coxDOTnet wrote in message
news:C9yBe.40269$DC2.25482@okepread01...

"W P Dixon" wrote in message
...

Homeowner's insurance that is supposed to cover your home,..but WAIT you
must have earthquake insurance and flood insurance extra!!!! Nothing but
price gouging, IMHO. If the insurance is just we pick and chose what we
cover, then is it really insurance,...or just flushing money down the
big huge toilet!!! Sometimes I wonder.


Eathquake and Flood are different beasts than the other things
homeowner's policies cover. If you live in the 100 year flood plain or in
an earthquake fault area it's not an issue of if those things are going
to happen it is a matter of when.