does anyone believe insurance companies are protecting us?
my parents’ home insurance company just dropped us. they said the area where we live is ‘at high risk for fire damage’. well i was under the impression that protecting people in the case of a fire was their job. i always knew insurance companies were vultures. but dropping us because they may have to do their job seems incredible.
Insurance companies are not in business to do what you or I want them to do. They are in business to make money where it is practical to do so.
If we are in an area where it is virtually guaranteed that there will be a flood, getting flood insurnance is next to impossible. If an insurnace company tells us that we are at extreme risk of something happening, maybe we need to move to a place where the risk is low enough that we can get insurance.