LogFAQs > #973811830

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Topic	State Farm no longer offering home insurance in Cali because people use it
opopopza 05/30/23 12:24:03 PM #11:	Payzmaykr posted... They should be forced to shut down then. Operating an insurance company should never guarantee a profit. In fact, you might go in the red sometimes. Bottom line: If you accept the monthly payments then you need to cover any and all damages. Otherwise, its a scam. The entire concept of insurance needs to go away. Did you even read the article? They have too many houses insured in a particular region, so they are no longer accepting any new policies. This is pretty normal and standard. Places with regular natural disasters will see this more and more as climate change gets worse. If an entire neighborhood gets destroyed in a fire or hurricane, and you've chosen to insure the whole neighborhood, you are in serious trouble. --- Can you say David Hasselhoff? <cite>opopopza posted [p:973811830] in State Farm... [t:80460534]...</cite> <quote>Payzmaykr posted... </cite><quote>They should be forced to shut down then. Operating an insurance company should never guarantee a profit. In fact, you might go in the red sometimes. Bottom line:If you accept the monthly payments then you need to cover any and all damages. Otherwise, its a scam. The entire concept of insurance needs to go away.</quote>Did you even read the article? They have too many houses insured in a particular region, so they are no longer accepting any new policies. This is pretty normal and standard.Places with regular natural disasters will see this more and more as climate change gets worse. If an entire neighborhood gets destroyed in a fire or hurricane, and you've chosen to insure the whole neighborhood, you are in serious trouble. --- Can you say David Hasselhoff?</quote> ... Copied to Clipboard!
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