Posted On: November 24, 2008, 11:39 am CST

Posted By: Proximo

This is not an unusual possibility. Florida in 2004 showed us that. The industry that everyone loves to hate is still a business and as such, there needs to be some semblance of understanding the rules one is playing by. To wit: if you wreck your car and report it to your ins. co. you get paid (minus your deductible.) Ok, you wreck it again on the way from the body shop. You report it, you get paid by your company (minus your deductible.) All by the rules. You wreck, you have a deductible, they pay minus the deductible. WELLLLLLL, in Florida in 2004 there were a LOT of homes that had damage from more than 1 storm. They had a DEDUCTIBLE for each loss. (2% for most.) There was such a screaming cry that it was UNFAIR that they should have to pay the deductible again that the legislature BANNED the insurers for subtracting the deductible more than once in a hurricane season even though it was a per occurrence deductible like a car for example. The insurers were then not allowed to charge extra on their premiums even though the legislature changed their policy contract. Fair? How long can any business last where the rules are changed at the whim of the people and you as a business just have to "suck it up?"