Insurance

WTF

i just got bobtail insurance today and i couldn't believe how cheap it was. $30/month. god bless texas

 

That's how much bobtail should be.

 

Have no idea what you're talking about. OOIDA is not an insurance company, they are an agent. My OOIDA physical damage policy is underwritten by Zurich (A.M. Best A+ rated) and Lloyds of London.writes the bobtail coverage.

Progressive is pulling out of certain markets, a specific being the Bakken oil patch. Other markets are simply seeing large rate increases. One lesson you learn in the insurance business, the cheapest company today is the most expensive two years from now. It all depends on how rigerous their underwriting and risk management is.

 

I'm not really sure you know much about insurance Lloyd's of London is a insurance company Zurich is a investment firm that's just who they put there money with . OOIDA is still pushing risk retention group insurance also why many won't except their insurance there's really no guarantee that if a claim was made that they would pay!

 

Now don't forget physical damage ins. And occupational accident is required by law in many states

 

You know after paying and paying year after year why not give some of that money back if you don't have any claims?

 

I wouldn't hold my breath for that one.....

 

because your money gets used to pay for other people's claims. that's the whole idea behind insurance. a bunch of people pay a little so a few people can get paid a lot.. socialism in its purest form, really

 

I know this: I would rather pay even $14,000/yr than put $1,000,000 of my property up as collateral against a law suit. When viewed from that angle it takes on a different perspective IMO.

 

QUOTE=BAYOU HOTSHOT;3815646]I'm not really sure you know much about insurance Lloyd's of London is a insurance company Zurich is a investment firm that's just who they put there money with . OOIDA is still pushing risk retention group insurance also why many won't except their insurance there's really no guarantee that if a claim was made that they would pay![/QUOTE]

www.zurichna.com/zna/home/welcome.htm

Zurich is an insurance company. The OOIDA risk retention group is a mechanism used to create a larger group of insureds so as to negotiate lower rates, basically a captive group.