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The Water Cooler
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Fallin asking for FEMA assistance - side fact
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<blockquote data-quote="FullAuto" data-source="post: 1879765" data-attributes="member: 5110"><p>Insurance rate increases have gone up very disproportionate to the increased price of labor, materials and home values. Every insurance company loses money on homeowner's insurance in Oklahoma. The risk is spread to other states and their rates go towards paying our claims. There are several companies that will not write new business for homes in Oklahoma. There are more companies that will not write new business for homes unless you also insure your auto(s), which are profitable for the companies. And just some of our neighbors premium dollars go to pay for our hail storms, tornados and fires over the past few years, our dollars help pay for losses like Joplin and Alabama.</p></blockquote><p></p>
[QUOTE="FullAuto, post: 1879765, member: 5110"] Insurance rate increases have gone up very disproportionate to the increased price of labor, materials and home values. Every insurance company loses money on homeowner's insurance in Oklahoma. The risk is spread to other states and their rates go towards paying our claims. There are several companies that will not write new business for homes in Oklahoma. There are more companies that will not write new business for homes unless you also insure your auto(s), which are profitable for the companies. And just some of our neighbors premium dollars go to pay for our hail storms, tornados and fires over the past few years, our dollars help pay for losses like Joplin and Alabama. [/QUOTE]
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Fallin asking for FEMA assistance - side fact
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