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Replies: 32
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Clemson Sports Icon [56235]
TigerPulse: 100%
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Insurance -
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Oct 7, 2024, 6:40 PM
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Been reading and learning some here from you folks.
My take is auto insurance is off the chart due to many uninsured drivers.
No tickets or claims filed in 50 years and mine is high on a 11 year old Jeep with 30K miles.
I have some experience with home owners insurance.
After Hugo Allstate wanted to just pay off the car, not repair but I persisted.
Roots from a tree falling lifted up and destroyed my walk way. They refused to pay.
Roof wind damage (some shingles) was judged not covered.
Not long ago my home and all I had was lost in fire. I got out with a Clemson tee shirt and shorts, no shoes, so everything was lost. There nothing like even some Hurricane victims have to maybe recover a photo or a? Loosing not just your home but all things as to your life is depressing.
I had lived there for 22 years. The house was round, so cost more to build.
Investigators said it was caused by rodents nibbling on electric wires.
I had State Farm Insurance. The rep was a nice guy. He said something like "you and I are going to become best friends, you are going to see me a lot". Nope. He was soon hard to reach. No matter as he little power other than being friendly. You have to deal with faceless people. They gave me a quick check of $10k which I did not need, but some might. That was good if you have nothing, no clothes no food, no place to sleep.
The job of insurance is of course to pay as little as possible. I understand that.
Their job was to pay less, mine to demand more. Normal folks don't understand insurance until they must.
Hauling off the remains of my house was $57K. My insurance paid $10K, so something to think on. Clearing off a disaster costs more than you might believe.
There was not enough to replace my home, but enough to build a smaller one. I guess that is on me for not updating the policy. On the flip, folks my age tend to downsize.
Keep in mind I had no mortgage, it would be hard to rebuild if you have a mortgage.
I again have a home on my old lot. I am doing great!
State Farm refused to write a new policy in my name.
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MVP [509]
TigerPulse: 100%
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Re: Insurance -
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Oct 7, 2024, 6:53 PM
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He is telling just like it is!!! Their job is not to pay. Just take your money and then try to get more!
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Rival Killer [3069]
TigerPulse: 100%
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Re: Insurance -
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Oct 7, 2024, 8:22 PM
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The company I use to work for had its biggest manufacturing facility burn to the ground. The insurance company came in and said that they would pay for replacing the facility. The owner of the company said that he was going to rebuild the operation in six months which nobody believed he could do it.
Rebuilding started the next day running cleanup and construction crews working seven days a week, twenty four hours a day. Needless to say the insurance company started to back peddle and didn’t want to pay the costs, so the owner, who had deep pockets, told the insurance company that he would pay for it and the insurance company could pay him back.
Sure enough the facility was built in six months and the insurance company wouldn’t pay the balance resulting in a nine year law suit. When the hammer finally came down the insurance company had to pay up something north of 500M.
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Game Day Hero [4109]
TigerPulse: 95%
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Re: Insurance -
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Oct 14, 2024, 10:45 AM
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I am very familiar with that specific situation and know the parties involved. Let’s just say that you may have only gotten one side of the story…and as Forrest Gump used to say…’That’s all I have to say about that’.
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Athletic Dir [1133]
TigerPulse: 100%
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Re: Insurance -
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Oct 7, 2024, 9:04 PM
[ in reply to Re: Insurance - ] |
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Yall may want to check with farm bureau, I have great service with them .. a lot of that is my agent who is active on my behalf
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Clemson Sports Icon [59956]
TigerPulse: 100%
59
Posts: 61322
Joined: 2007
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Re: Insurance -
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Oct 13, 2024, 7:28 PM
[ in reply to Re: Insurance - ] |
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I will say this about homeowners insurance, Helene tore almost the entire roof cap off the top my house, and ripped patches of shingles off in 7 different places on my roof, they were called, the adjuster came out for the inspections, and we haven't heard a thing from them since!!! If it rains again, there isn't much to prevent the water from getting under the shingles, and if that happens it will ruin the particle board that the tar paper and shingles are nailed to, so I guess they don't mind spending a bunch of money bc they dropped the ball!! My deductible is $1000 bucks, and that's all I'm paying, and if any further damage is done to my roof bc of their slackness, it's on them...
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Top TigerNet [29329]
TigerPulse: 100%
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Joined: 2013
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Re: Insurance -
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Oct 7, 2024, 7:49 PM
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You ever get that new boat?
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All-In [10997]
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Re: Insurance -
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Oct 7, 2024, 7:59 PM
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a lawyer can make state farm pay, had to hire a lawyer twice dealing with state farm, they paid both of us lol
my best experience has been Travelers and Auto-owners through an independent agency
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Asst Coach [800]
TigerPulse: 100%
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Re: Insurance -
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Oct 7, 2024, 10:08 PM
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Great advice!!!
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Heisman Winner [84303]
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The rise in premiums have more to do with the ridiculous cost of vehicles,
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Oct 7, 2024, 8:17 PM
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and the ridiculous cost of the parts to repair.
Not uncommon for an estimate to be well over 5k for simply coming into contact with Bambi. Even if you drive a cheap beater, you have to pay the higher rates in case you bump into somebody whose car has a $3500 headlight.
Now apply that same logic to housing values and replacement costs.
Just more inflation, ie, a weakening currency.
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Clemson Icon [27622]
TigerPulse: 100%
54
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Joined: 2003
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Insurance is great ..
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5
Oct 7, 2024, 8:22 PM
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Until you need it!
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Clemson Icon [24319]
TigerPulse: 100%
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Joined: 2004
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Like a shady neighbor, State Farm isnt quite there.***
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Oct 7, 2024, 8:40 PM
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Ring of Honor [21823]
TigerPulse: 100%
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Joined: 1995
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Re: Insurance -
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Oct 7, 2024, 8:41 PM
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Insurance is one of those things that seems straightforward until you actually need it, and then you find out just how complicated it can be. Your experience highlights exactly why some level of regulation is necessary, especially when dealing with large companies. While it's true that insurers are businesses and want to make a profit, their job is also to make sure that people are protected when something goes wrong. But, as you've seen, they can fall short of that, leaving homeowners and drivers struggling to pick up the pieces.
One of the key reasons regulations exist is to protect consumers from being taken advantage of. Companies like Allstate or State Farm are huge corporations with a lot of power, and without rules in place, they can deny claims, underpay, or make the process of getting reimbursed incredibly difficult. Your story of Allstate refusing to repair the damage from a tree or only paying a fraction of your haul-off costs is exactly the kind of situation regulations are supposed to help with. Insurance companies are in the business of minimizing their payouts, but regulations make sure they don't go too far and leave people high and dry after a disaster.
Another reason for regulation is to make sure that insurance companies follow standardized practices. That means ensuring that everyone has access to a basic level of protection, and that companies can't just write policies with hidden terms or tricky exclusions that make it impossible to get what you're owed. Without some oversight, it’s easy for these companies to create loopholes that work in their favor rather than yours. Regulations are there to force transparency and accountability, so people know exactly what they’re signing up for, and aren’t caught off guard in the worst moments of their lives.
There’s plenty of evidence showing that after major disasters, like hurricanes or fires, insurance companies often drag their feet or try to reduce what they pay out. We saw that after Hurricane Ian in Florida, where many homeowners found themselves denied or severely underpaid for claims they thought were covered. Regulations are meant to prevent these situations, holding insurers accountable to their policyholders, especially when the stakes are so high.
In the end, while no one wants to deal with too much red tape, the rules that exist around insurance are there to protect people from being left with nothing when disaster strikes. If there weren't any regulations, companies would have even more leeway to avoid paying claims or offering adequate coverage, leaving people like you to fight an uphill battle just to rebuild their lives.
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Paw Warrior [4754]
TigerPulse: 100%
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Re: Insurance -
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Oct 8, 2024, 8:36 AM
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“Like a good neighbor, State Farm is there” … until you need us …
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Clemson Icon [27511]
TigerPulse: 100%
54
Posts: 13002
Joined: 2014
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Re: Insurance -
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Oct 8, 2024, 9:30 AM
[ in reply to Re: Insurance - ] |
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The problem with all types of insurance is that it has become such a huge industry. All of those people in the insurance industry get paid and that money comes from the policyholders. This drives up the cost of providers to cover the cost of all the people who “handle” the claims. This goes for doctors and hospitals as well as car and home repair contractors. Not real sure adding government involvement to this industry and process is going to make it any better. I’m thinking it will just further increase costs like most things the government gets involved in. Sorry - but I just don’t have much faith in government these days.
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Associate AD [1013]
TigerPulse: 100%
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Re: Insurance - sirius kweschun for the bored:
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Oct 7, 2024, 8:44 PM
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Let's say someone dropped off a 2500 HD truck at a transmission repair shop on August 15 and after 6 weeks of the work not being done a massive storm hits on September 27 and washes away the transmission repair shop along with the 2500 truck.
Who's insurance pays for the truck?
Asking for a friend...
TIA in advance.
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Top TigerNet [29329]
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Re: Insurance - sirius kweschun for the bored:
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Oct 7, 2024, 8:56 PM
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The businesses. Protection of your friends vehicle is implied while in the businesses possession. Now it may be a loooooong time before that shops insurance company pays out. If he had comprehensive on his truck he'd be best filing a claim with his insurance, getting paid out, and having them fight the battle with the shops insurance.
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All-Time Great [97501]
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My Dad & some friends never filed a car damage claim
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Oct 7, 2024, 9:05 PM
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For fear the policy will increase or be cancelled!
I always thought this approach or thinking was idiotic.
Saying, for minor vehicle damage maybe it is ok to bite the bullet but for personal injury or death not.
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Solid Orange [1301]
TigerPulse: 100%
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Re: Insurance - sirius kweschun for the bored:
Oct 13, 2024, 8:12 PM
[ in reply to Re: Insurance - sirius kweschun for the bored: ] |
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I always say insurance is legalized gambling, and the companies set the odds so that they almost always win!
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Ring of Honor [21823]
TigerPulse: 100%
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Re: Insurance - sirius kweschun for the bored:
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Oct 7, 2024, 9:08 PM
[ in reply to Re: Insurance - sirius kweschun for the bored: ] |
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If the truck owner’s got comprehensive insurance, their policy’s probably stepping in, because it covers all the fun stuff like storms and floods—even when your truck’s lounging at the repair shop. But the shop should have garage-keepers insurance to cover stuff like this too. If not, well, they better get ready to offer a lifetime of free oil changes! Either way, someone’s insurance is taking the hit.
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Clemson Sports Icon [59956]
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Joined: 2007
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Re: Insurance - sirius kweschun for the bored:
Oct 15, 2024, 1:31 PM
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Not sure about auto insurance, but with homeowners it won't cover unless you're paying extra for flood insurance, and that's a fact. With hurricanes that global warming has affected us with, I'm thinking about adding flood insurance on my home just during hurricane season, then cancel it when the season passes by.
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Clemson Sports Icon [59956]
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Re: Insurance - sirius kweschun for the bored:
Oct 15, 2024, 1:26 PM
[ in reply to Re: Insurance - sirius kweschun for the bored: ] |
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They are supposed to have insurance to cover your loss, but if they don't your insurance is supposed to cover it as a no fault claim on your part...
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Head Coach [958]
TigerPulse: 100%
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Re: Insurance -
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Oct 7, 2024, 9:48 PM
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I recommend changing your subject to Property and Casualty or P&C Insurance.
Life and Health Insurance are focused on individuals, not property.
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Asst Coach [800]
TigerPulse: 100%
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Re: Insurance -
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Oct 7, 2024, 10:07 PM
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I have worked with many insurance companies through the years. The "largest" names out there are many times the worst when it comes to being there for their customers. State Farm & Allstate both use to be fairly decent, but have became horrible. I've seen them deny claims that were hands down legit honest claims. If they send a 3rd party adjuster, then you have a chance. However if they send their own reps out, you can bet they're going to try to get out of everything they can.
Unfortunately USAA & Progressive are getting the same way.
I will say they Travelers & Auto Owners have been really good. Even Orion180 have been better than the large companies.
I advise all to really look through your policy & even sit down with your agent to follow up on terminology you may not understand. Try to choose the lower percentage deductible for wind/hail/water. I've seen too many people with 6k or even 40k deductibles. It's truly sad for the homeowner.
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Clemson Sports Icon [59956]
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Re: Insurance -
Oct 15, 2024, 1:58 PM
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Nationwide sucks huge ones also. Had them for way over 20 years. A lot fell in fireplace and a piece broke off landing on my carpet. I had fight with nationwide to cover it bc they tried telling me the screen protector wasn't the standard. I guess it didn't look so bad in front of my fire place. But my lawyer made them to see it my way and they paid the claim.
They didn't want to cover the damage bc my den and living is kinda like open to each other, to replace the carpet in my den they would have to cover my living room for color matching and my living room is huge and they probably didn't want to cover that also.
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All-Conference [423]
TigerPulse: 98%
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Re: Insurance -
Oct 8, 2024, 8:53 AM
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I live in Cherry Grove a mile from the beach and less that 1000 feet to Hogs Inlet. The only large insurance company that is an option is Allstate and the price was around $8K. I do have a reasonable rate with a company that is not guaranteed by SC so if they go bankrupt after a large storm and I'm impacted I'm screwed. Same with my separate flood policy. I'm assuming it is only going to get more expensive and less options with the round of storms this year.
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Orange Beast [6501]
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Campus Hero [13596]
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Re: Insurance -
Oct 8, 2024, 9:18 AM
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I can't stand State Farm. Never have liked them. Never had an issue with Nationwide. As far as Auto Insurance so far they have been On My Side!
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Top TigerNet [28094]
TigerPulse: 100%
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Re: Insurance -
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Oct 13, 2024, 7:45 PM
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I used to think highly of USAA. Not anymore. Member service is now terrible.
And my mother has been paying John Hancock for long term care since 1995, but she has required assistance since December and we are still waiting for the first dollar of benefit.
I cannot recommend insurance. It is a racket.
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All-TigerNet [5882]
TigerPulse: 95%
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Re: Insurance -
Oct 13, 2024, 8:00 PM
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You need to move away from the one company agent of State Farm and Allstate. The agent works for that one company. Check out the Independent Agency system where the agent does not work for the companies but works for the customers. They represent fine carriers such as Travelers, Hartford, Auto Owners, Liberty Mutual, Safeco, and Progressive to name a few. They can hold the company’s feet to the fire better as they have leverage over the company. The one company agent has no leverage over his one company.
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All-TigerNet [5882]
TigerPulse: 95%
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Re: Insurance -
Oct 13, 2024, 8:09 PM
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The Ind Agent is more professional and likes to sit down and discuss your specific insurance situation. The large advertise nationally all the time takes a cookie cutter approach and many times important coverages are left off without your knowledge. Their company controls what they can do for you in many situations. Find a nearby Ind Agent. It will not have the name of Alllstate State Farm or USAA( who will sell virtually to anyone that ever spoke to someone in the military)
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All-In [10132]
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Tiger Spirit [9880]
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I have USAA and have been very happy with them with all of my claims
Oct 15, 2024, 3:04 PM
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Helene was the 2nd time I've had trees fall on my house. They covered all the necessary repairs and tree removal (since the trees hit the house) and communication with them has been pretty good. But there are a LOT of variables that come into play with home insurance. My mom has been with USAA for over 60 years and had flooding in her home from Hurricane Ian. They wouldn't pay a penny, but that's because she didn't have flood insurance - and they lived on a river. I guess my dad, who initiated the policy, figured it was unlikely the river would every overflow like that. He was almost right.
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Replies: 32
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