Quote:
Originally Posted by HuskyMan
I think it is difficult for people to see who is winning and who is losing in this big old world of business. The tallest and most lavish buildings are owned by insurance companies and banks. You, on the other hand, live in a mortgaged house complete with never ending bills.
I recently spoke with a gentleman in the lock and security business. His house is far from paid for, his vehicles are expensive to operate and maintain. He told me his property and casualty insurance agent has lived in a PAID for home and has driven PAID for cars for the last twenty years. After he shared this information, I asked him a question; What do you think this means to you and I?? He replied, it means the insurance agents and insurance companies are getting wealthy off the backs of the little people.
And so it is.......
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I personally don’t begrudge any business a model that works for them. Insurance is a great business to be in and clearly some mark their product up way more than others.
I just got off the phone with a Liberty Mutual rep. Liberty mutual quoted 2x what the current provider quoted for the same policy. At least this is 1/3 less than the previously mentioned inde quoted me for the same policy that I have. There is no sense to be made of what one will get quoted.
The worst part of this is that amounts to a compelling case to go back to the company I’m pissed at.