If the Texas market only lets companies have bad years and cuts their rates in good years without regard to the prior losses, they soon won\’t have any companies to worry about in their market. There won\’t be any.
Cheers for profits! It\’s a much better choice for the consumer than insurance companies closing for insolvency.
Roughly 1500 severe storms between Dallas and Amarillo each year is one weather feature that helps keep our property rates up. Rates are lower in other parts of the state and higher in some others.
I wish I could run my business with those average gross profits. The industry cries \”overhead\” and still has more profit, net to the bottom line, than they think is \”reasonible\” for me as a general contractor when I am involved in a claim. I\’m glad they have plenty because as a Texas homeowner I want to be sure I can sue the company cheating me on my claim and actually recover what they owed me in the first place. By the way… you adjusters adjusting RCV (HO B replacement cost policies) need to quit listing depreciation because there is none on a RCV policy. Just cut the insured a check for the total amount of the claim instead of wrongfully withholding their rightful claim money. You also need to be paying general contractor overhead & profit on 100% of the claim because it was anticipated when your insurer got approval for the policy premiums from TDI. And quit playing games with values to make it appear you are paying general contractor overhead and profit. I am tired of having to inform homeowners that their claim is manipulated and that the \”less depreciation\” should never have appeared on their claim. Looking forward to the next opportunity to butt heads with you, Chicken Little.
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I don\’t understand how Texas home insurance is still more expensive than rates in Florida. I would have thought Florida passed Texas up.
If the Texas market only lets companies have bad years and cuts their rates in good years without regard to the prior losses, they soon won\’t have any companies to worry about in their market. There won\’t be any.
Cheers for profits! It\’s a much better choice for the consumer than insurance companies closing for insolvency.
Roughly 1500 severe storms between Dallas and Amarillo each year is one weather feature that helps keep our property rates up. Rates are lower in other parts of the state and higher in some others.
I wish I could run my business with those average gross profits. The industry cries \”overhead\” and still has more profit, net to the bottom line, than they think is \”reasonible\” for me as a general contractor when I am involved in a claim. I\’m glad they have plenty because as a Texas homeowner I want to be sure I can sue the company cheating me on my claim and actually recover what they owed me in the first place. By the way… you adjusters adjusting RCV (HO B replacement cost policies) need to quit listing depreciation because there is none on a RCV policy. Just cut the insured a check for the total amount of the claim instead of wrongfully withholding their rightful claim money. You also need to be paying general contractor overhead & profit on 100% of the claim because it was anticipated when your insurer got approval for the policy premiums from TDI. And quit playing games with values to make it appear you are paying general contractor overhead and profit. I am tired of having to inform homeowners that their claim is manipulated and that the \”less depreciation\” should never have appeared on their claim. Looking forward to the next opportunity to butt heads with you, Chicken Little.