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Message: <blockquote data-quote="C_Hallbert" data-source="post: 4224148" data-attributes="member: 42957"><p>These companies are justifying the current trend demanding enormous rate increases based on estimates stipulated to cover complete replacement of existing structures at current costs for supplies and construction. State Farm refused to write me a policy for coverage far below the existing value of a home that I own outright. I suspect that there is some collusion between the banking and insurance industries because this kind of policy structure only serves these two entities. People can be driven out of their homes and off their land by taxation; squeezed out by increasing the mortgage payment costs in variable rate loans; forcibly removed under eminent domain; and by foreclosure when a mortgagee is unable to comply with loan stipulations that require insurance coverage they find themselves unable to afford; or, perhaps due to changes in policy structures subsequent to back room agreements between insurance companies which are very probably submitting to pressure from foreign and domestic financial institutions (underwriters) investing in land and properties that hold real value. I can hear the echoes of gravelly voices whispering in dimly lit rooms clouded in cigar smoke, “Why, business hasn’t been this easy since we stole the land from the Indians!”.</p></blockquote><p></p>