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I've done a lot of research and insurance companies have set up a very good scam. Say your replacement cost for your house is $150,000. But the insurance companies have 'brackets' where they only sell at preset limits, like $125,000, $175,000, $225,000 and so on. I couldn't find one insurance company that would insure my house for its actual replacement cost value. In order to do that you have to go up to the next bracket. So in your house is worth $135,000 you have to pay insurance for a $175,000 rate, so you are overinsured. But if you had a total loss of your house you would not get the amount you have it insured at. It's legal theft because companies collude with their paid government whores to deliberately set up their businesses to bilk people out of as much as they can, while not paying out what they are supposed to.
I went for almost an entire year without even knowing my house wasn't insured. No notice, no nothing. Then I found out the insurance company stopped selling policies in my area and then they obviously canceled policies without even telling homeowners. Since I have everything taken directly from my bank I didn't notice and I received no cancellation notices from the insurance company, or from the Farmer's insurance broker who sold me the policy. At one time insurance agents used to be advocates for their clients. But no longer. They couldn't care less if you lost your house or not. I went through an entire hurricane season on the coast without knowing I didn't have insurance. If there was another Ike I would be living on the street.
Insurance in any industry is a racket ran by the equivalent of mobsters. Hell, the Mafia couldn't get away with a lot of the stuff businesses today do, like payday loan companies charging 400-450% interest.
And yet conservatives seem to love corporations screwing people. Don't they realize they are being screwed too? Or are they that fucking stupid? (btw, I already know that answer)
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