Posted On: June 12, 2006, 6:29 pm CDT

Posted By: Dennis

People have to have insurance! People do not need loans! Insurance is a necessity! I would not want to be an agent after what allstate, nationwide, usaa, and statefarm has done. I do not mind paying higher premiums living on the coast. My inusurance went up 500.00 a year after I was already paying 1495.00 for a premiums. I have a hurricane policy that was suppose to pay for any objects driven by a windstorm and this policy states this changes your policy. I would not have a problem paying higher premiums if it covered something. In 15 years i have paid an average of 7000.00 a year for 15 years. This includes life, fire, hurricane, and auto insurance. Last year was the first time i claimed anything. That is over 100000.00 with interest. which would be about 200000.00 with interest. My insurance check for my house was 1400.00 dollars. INSURANCE IS A RIP OFF YOU HAVE TO HAVE IT. IF WE DID NOT NEED IT THERE WOULD NOT BE INSURANCE. The reason why the profit is more at a bank than an insurance company is because the banks payroll is a lot less than an insurance company per person. Banks are there for investment and business startup and should yeild more profit. Insurance is there to get paid and rip off policyholders. If insurance would have done the right thing i could understand the premium hikes. Insurance last year was one of the most profitable year ever even with the money paid out. I see why it was the most profitable year when you collect premiums from customers with the intent of never paying out what they deserve.