Posted On: September 7, 2008, 10:07 pm CDT

Posted By: OmniSure

If the feds take the RISK out of insurance by handling "NATURAL DISASTERS" there would be no need for UNDERWRITING or SPREADING OF THE RISK, OR... the need for more than ONE insurance company named STATE FARM that would use their Homeowerners Line as a "LOSS LEADER" just to get to the more profitable lines of AUTO & LIFE. Indeed, State Farm would offer this LESS RISKY homeonwers policy for FREE, as long as the auto was inclued, or INCLUDE the DILUTED homeowners coverage along with the Auto Line. They'll call it a "PAPP" Personal Auto and Property Policy.

We have a thriving and competitive homeonwers insurance market in Florida, there a many more insurance companies finding safer and more well protected homes to insure, FOR LOWER PREMIUMS. However, the average homeonwerr can not expect to pay $300 per year for upwards of $500,000 Total Insured Value, with Dwelling, Contents & Loss of Use, which is what State Farm charged prior to Hurricane Andrew, when they were "Buying Market Share"... The current price would be around $2000/year WHICH MAKES PERFECT ACTUARIAL SENSE.

SOCIALIZED HEALTH INSURANCE, SOCIALIZED PROPERTY INSURANCE. Most people can't afford or fail to buy LIFE INSURNACE, lets do that too, lets just GO TOTALLY SOCIAL and turn it all over to THE GOVERNMENT.

Where's my CHEESE.