Hurricaine insurance question

[Jim Smith]

If and when rebuilding is done in the hurricaine prone areas should a coverall private insurance policy be mandatory?

 

[TSterner]

i think in a case like this insurance takes a back seat to the government help. i dont think that any ins. company could foot even a small part of the bill for this. if they didnt go under all of our rates would go up to compensate for it.



ted

 

[DSteimle]

we have madatory auto insurance here now. any time you make insurance madatory it just becomes and excuse for companies to gouge the public. it could go to a three strike (or 2,1,etc) deal where we help you out but you better be ready yourself next time. and yes i have an insurance claim filed right now for storm damage, and yes i had hurricane coverage (everyone down here's homeowners policies covers hurricane damage-flooding, well that's a whole different issue)

 

[Jim Smith]

Hurricaine insurance

Thanks for the input. The only reason I asked this question is because a 2 years ago my Michigan homeowners insurance went up to cover earthquakes and hurricaines.