State Farm ---- Katrina - Page 6 - PeachParts Mercedes-Benz Forum

aklim · #76 11-09-2007, 12:59 AM

Quote:

Originally Posted by Skid Row Joe

Yeah, I know man.........things are tough all over. Affording insurance is a tough one.........

good luck on your policies. Geico can probably assist.

Insurance is a tough one. Last 2 years I paid and paid and paid. Not even a receipt. Electronic fund transfer. In Mar this year, my policy paid out 14K because some drunken SOB hit my Excursion. I know I definitely paid less premiums in the last 5 years than they paid back to me.

Insurance is NOT about getting something back for your payment like a vending machine. It is about having something at a critical moment when you can least afford it.

Hey, we shall see. Every year or less, I do a rate check. If it is less one place, I'm there. Will I be with Geico? Not today. Next check around, who can say.

Skid Row Joe · #77 11-09-2007, 01:04 AM

Quote:

Originally Posted by aklim

The Australian sounding Gecko not withstanding, there is a reason I am with someone else. It DIDN'T save me any money and cost me a few bucks more.

It would be a good idea to get liability, but if you're judgement-proof, you may want to skip all coverages. --Wouldn't hurt you running around w/o coverage. Seems to be working for you.

Geico or any ins. company doesn't save all drivers money......your credit rating has a whole lot to do with it.

aklim · #78 11-09-2007, 01:08 AM

Quote:

Originally Posted by Skid Row Joe

It would be a good idea to get liability, but if you're judgement-proof, you may want to skip all coverages. --Wouldn't hurt you running around w/o coverage. Seems to be working for you.

Geico or any ins. company doesn't save all drivers money......your credit rating has a whole lot to do with it.

I have comprehensive and collision coverage. No, running around without insurance doesn't work for me. I have been running around without valid proof of insurance. I was ticketed because the proof of insurance I had was over a year expired. I had the new ones sitting on my desk and just didn't put it in the car.

Sure. I'm always shopping tho. Sometimes one is cheaper than the other.

Skid Row Joe · #79 11-09-2007, 01:08 AM

Homeowners insurance is the #1 biggest rip-off in America..

No way I'll ever carry it......don't need to anymore, thanks to Berkshire-Hathaway, Inc.

The fools that thought they were insured against wind-driven water were the fools. "Gee, let's live next to the ocean........"

aklim · #80 11-09-2007, 01:18 AM

Quote:

Originally Posted by Skid Row Joe

Homeowners insurance is the #1 biggest rip-off in America..

No way I'll ever carry it......don't need to anymore, thanks to Berkshire-Hathaway, Inc.

The fools that thought they were insured against wind-driven water were the fools. "Gee, let's live next to the ocean........"

Don't think so. That honor belongs to the Timeshare Resellers where they try sell your timeshare for a fee with no results but you pay.

Like I said, you got lucky. What you haven't told me is who would pay for my roof that was hail damaged or my $4000+ riding lawn mower that was stolen or other stuff that was ripped off if I didn't have homeowners. You also haven't said who would have paid for your house if it was totaled BEFORE B-H matured. IOW, what would have happened if your house was totaled during the first few years when you pushed your premiums towards B-H.

Key phrase is "thought". Should have checked the fine print.

Skid Row Joe · #81 11-09-2007, 01:49 AM

Quote:

Originally Posted by aklim

Don't think so. That honor belongs to the Timeshare Resellers where they try sell your timeshare for a fee with no results but you pay.

Like I said, you got lucky. What you haven't told me is who would pay for my roof that was hail damaged or my $4000+ riding lawn mower that was stolen or other stuff that was ripped off if I didn't have homeowners. You also haven't said who would have paid for your house if it was totaled BEFORE B-H matured. IOW, what would have happened if your house was totaled during the first few years when you pushed your premiums towards B-H.

Key phrase is "thought". Should have checked the fine print.

Some people won't read.......not your insurance company's fault.

What's lucky about working and making good decisions? Are you not lucky? I guess you're lucky enough to keep filing claims. You're on a hot streak of luck, sounds to me.

Look up the shares costs since 1965 yourself, maybe you can be lucky too? What is "mature" Berkshire-Hathaway, when I've owned it for decades? You said it, I'm lucky!

Do you have money to invest? Well then, become lucky.You owning timeshares...you're not only lucky, you're a friggin' genius! What if, what if, what if?"

t walgamuth · #82 11-09-2007, 07:11 AM

Quote:

Originally Posted by t walgamuth

I didn't know about the game. I had an uncle that was one though!

Unfortunately he drove a chintzy Malibu.

Maybe that is why he had so much money.

I am pretty sure he didn't go without insurance, though.

Tom W

Actually, he was a really sharp and personable guy who was also basically very very decent....and had some key opportunities at an early age.

He was a CPA who went to work for a fairly large but privately owned company and after a few years, the treasurer dropped dead of a heart attack and he was made treasurer at age 30 or so. Not long after that the president dropped dead of a heart attack too and by his mid thirites he was president of a pretty large company.

Within five or ten years the company was bought by a very large company and he became an officer of that company, soon being responsible for about a third of the country. All the while he drove cars until they wouldn't go any more and invested in stocks. by his mid forties he decided that traveling so much was not worth it so went to work for a local bank and within a couple of years was pres. of that.

After about five years there was an attempted buyout which he expended great energy fighting off. A few years later there was a buyoff which they did not fight off, and he retired as a board member of that very large company.

Through it all he was pretty much completely unchanged. A good hearted decent, polite and humble man....who was a gazillionaire. The stock down turn of about five years ago cut his fortune in half but a half gazillionaire is still pretty comfortable.

And all the time I am pretty sure he had insurance.

His situation is kindof unusual, but I think quite a few people who have made it really big have had circumstances come along that most folks never have which create opportunities.

Of course you have to be ready to take advantage of opportunities and work hard to be successful.

Having a good education helps open doors, but once inside you still have to perform.
America is still the land of opportunity.

Tom W

oops clicked the wrong bubble. this will make it come to the bottom.

aklim · #83 11-09-2007, 09:27 AM

Quote:

Originally Posted by Skid Row Joe

Some people won't read.......not your insurance company's fault.

What's lucky about working and making good decisions? Are you not lucky? I guess you're lucky enough to keep filing claims. You're on a hot streak of luck, sounds to me.

Look up the shares costs since 1965 yourself, maybe you can be lucky too? What is "mature" Berkshire-Hathaway, when I've owned it for decades? You said it, I'm lucky!

Do you have money to invest? Well then, become lucky.You owning timeshares...you're not only lucky, you're a friggin' genius! What if, what if, what if?"

Yes, if you won't read the fine print, it is NOT the insurance company's fault.

I'm saying that I have insurance that paid off for things that happened to me just looking at my latest residence of 10 years. So far, I haven't had an issue with it from the standpoint that I have gotten more out of it than I put in.

Well, you said you put your first year's insurance payment towards stock. If total loss had occurred at the end of the first year, would you owe money or have money after selling the stock you purchased. Very simple question.

Timeshares are good for certain types of people and not everyone. Owning businesses that resell timeshares for people that don't want them anymore is really good business.

Yes, I want to know about the "what if". You see, I don't have a magic crystal ball that tells me the future. If I could predict that my insured item will not suffer loss till say Jun 11 2007, I wouldn't insure said item till Jun 10, 2007 and then discontinue insurance till next time crystal ball predicted another loss. It is only a "good decision" you made when it paid off. Like I said, it could very well be that the stock tanks and you suffer a loss. Hindsight is 20/20. Got Enron? It was a good stock AT SOME POINT. If you knew when to buy and when to ditch, it was good.

Matt L · #84 11-09-2007, 09:38 AM

Quote:

Originally Posted by aklim

Got Enron? It was a good stock AT SOME POINT. If you knew when to buy and when to ditch, it was good.

If you knew when to buy and when to ditch and the feds got wind of it, you'd be in jail.

If you guessed correctly, you could have made out very well even though the value was nonexistent. More likely that you would have lost everything.

aklim · #85 11-09-2007, 09:49 AM

Quote:

Originally Posted by Matt L

If you knew when to buy and when to ditch and the feds got wind of it, you'd be in jail.

If you guessed correctly, you could have made out very well even though the value was nonexistent. More likely that you would have lost everything.

We are talking about the magic crystal ball here and not Martha Stewart.

Can't jail me if the only source of my info was the occult or the dead, can they?

I would think that if you bought it at the beginning and sold just before the head of Enron decided that the people could not sell their stock, you'd make good money like the top people did, right?

Skid Row Joe · #86 11-09-2007, 12:55 PM

Quote:

Originally Posted by t walgamuth

I didn't know about the game. I had an uncle that was one though!

Unfortunately he drove a chintzy Malibu.

Maybe that is why he had so much money.

I am pretty sure he didn't go without insurance, though.

Tom W

Actually, he was a really sharp and personable guy who was also basically very very decent....and had some key opportunities at an early age.

He was a CPA who went to work for a fairly large but privately owned company and after a few years, the treasurer dropped dead of a heart attack and he was made treasurer at age 30 or so. Not long after that the president dropped dead of a heart attack too and by his mid thirites he was president of a pretty large company.

Within five or ten years the company was bought by a very large company and he became an officer of that company, soon being responsible for about a third of the country. All the while he drove cars until they wouldn't go any more and invested in stocks. by his mid forties he decided that traveling so much was not worth it so went to work for a local bank and within a couple of years was pres. of that.

After about five years there was an attempted buyout which he expended great energy fighting off. A few years later there was a buyoff which they did not fight off, and he retired as a board member of that very large company.

Through it all he was pretty much completely unchanged. A good hearted decent, polite and humble man....who was a gazillionaire. The stock down turn of about five years ago cut his fortune in half but a half gazillionaire is still pretty comfortable.

And all the time I am pretty sure he had insurance.

His situation is kindof unusual, but I think quite a few people who have made it really big have had circumstances come along that most folks never have which create opportunities.

Of course you have to be ready to take advantage of opportunities and work hard to be successful.

Having a good education helps open doors, but once inside you still have to perform.
America is still the land of opportunity.

Tom W

That's a nice story. However, there's one problem with your reporting. The stock market has in general, regained most of it's losses from 5-years ago. Many are well above 2000 levels, today. Not every stock, but most of them. Uncle's missing "half" of worth in the stock market's value you write of, isn't true. This shows you don't have a good knowledge handle on stocks, and the markets in general. That's alright, you undoubtedly know a lot about architecture, or you claim to be some sort "architect.."

Uncle strikes me as a decent guy, I would doubt that humble uncle would ask others; "how much stock they own, in a social setting."

Insurance is a tough one to understand for the population.. But then again, that's why people love buying it. For the false sense of security..

aklim · #87 11-09-2007, 01:17 PM

Quote:

Originally Posted by Skid Row Joe

Insurance is a tough one to understand for the population.. But then again, that's why people love buying it. For the false sense of security..

It is tough to understand because you don't answer the questions specifically. Just vague answers. We didn't buy insurance in Nam because you get about 50% by the time you have the payoffs to the officials, etc, etc. Money we saved the last 20 years went up one night in smoke. Basically a push. Yes, companies might try screw you out of a few bucks but is it the norm like in Nam? My personal experience tells me it isn't or at least not to that degree.

You keep saying that your stock, yada, yada, yada. Just looking at my current house, I'd say the new roof and yard tractor alone costs me more than the premiums in the last 10 years together. Or did they pay me with false money too? Hail damage was, IIRC, in year 3 and theft was in year 5. What did I do after the hail? Call the roofing company for an inspection. Did I have to worry about how much it costs? Nope. Lawn tractor? Call police and file a report. Buy a new tractor with check. Again, no worries about how to pay for the new unit. What stock could I have invested in from year 1 that would DEFINITELY pay for the roof? IOW guaranteed to gain in value to cover it? What about the theft? I don't know how you rate it but that security seemed pretty real to me.

Matt L · #88 11-09-2007, 01:20 PM

Hm..... BRK.A is down to 132.6K now. Seems that you've lost some money this week. I see a historic low of 4625, back in '89.

Skid Row Joe · #89 11-09-2007, 01:50 PM

Hmm...... I know, after nearly 25 years of owning shares, I'm still trying to get used to the fact that no stock goes Up, every day..........it's a b*tch, dude.

Lemme know when you find one.

John Doe · #90 11-09-2007, 08:22 PM

Quote:

Originally Posted by Skid Row Joe

Hmm...... I know, after nearly 25 years of owning shares, I'm still trying to get used to the fact that no stock goes Up, every day..........it's a b*tch, dude.

Lemme know when you find one.

1965 is more than 25 years ago, Mr. Fantasy.