Can the US governing body run homeowners insurance, since the insurance companies don't want to discharge on claims?
Since the federal government pays out billions in disaster nouns (DR), why not have property owners pay into them instead of money hungry insurance companies. When you receive money for a loss from DR, taxpayers are quality of paying themselves and the defecit isn't raised as much.
Answers:
Most insurance companies only spawn money off of the investement they make on the premiums you pay envelope.
They do not make money on premiums enough to salary the claims. Because the Federal Government could not invest those moneys in the stock market (their would be political pressure not to) they would hold to charge more or could not afford to pay.
Because of the federal bureaucracy , instead of having an agent working for you, you would own to wait in strip to speak to a federal employee who would rather be on his lunch break.
No. The federal government is strictly predetermined by the Constitution as to what it can and cannot do.
The government has no right to do 90% of what it does. Besides, why would you force others to reward for your insurance?
...and the government can't run anything right anyway, so why would you want it to, unless you're a mooch?
As a matter of reality, they can. It is a matter of personal opinion though. There are two sides. Socialism: when the affairs of state controls industry. capitolism: when the government leaves industry alone. The constitution will allow either feature under the constitution's elastic clause which states, "Congress shall go by all laws that are called for and proper." Meaning, laws that are needed can be passed. If companies refuse to remuneration, the government can take over for the suitable of the people.
You want the insurance industry to look resembling VA or Medicare? The US government screws up everything it does. Did you ever enjoy a flood claim with the National Flood Insurance program? It is a federal government program. $1,000 deductible on building. A separate $1,000 deductible on contents. There is no coverage for contents below order level. No coverage for finished basement below category level.
They routinely deny claims because there is not much you can do roughly speaking it. If the wind blows, the NFIP wants the homeowners insurer to remuneration everything.
If you have a complaint about your insurance company, appropriate it up with your state's insurance department.
Insurance companies pay claims. Maybe not adjectives. Sometimes it takes a while. And sometimes you have to do combat. Source(s): Retired claims adjuster who also handled flood claims.
Related Questions:
Answers:
Most insurance companies only spawn money off of the investement they make on the premiums you pay envelope.
They do not make money on premiums enough to salary the claims. Because the Federal Government could not invest those moneys in the stock market (their would be political pressure not to) they would hold to charge more or could not afford to pay.
Because of the federal bureaucracy , instead of having an agent working for you, you would own to wait in strip to speak to a federal employee who would rather be on his lunch break.
No. The federal government is strictly predetermined by the Constitution as to what it can and cannot do.
The government has no right to do 90% of what it does. Besides, why would you force others to reward for your insurance?
...and the government can't run anything right anyway, so why would you want it to, unless you're a mooch?
As a matter of reality, they can. It is a matter of personal opinion though. There are two sides. Socialism: when the affairs of state controls industry. capitolism: when the government leaves industry alone. The constitution will allow either feature under the constitution's elastic clause which states, "Congress shall go by all laws that are called for and proper." Meaning, laws that are needed can be passed. If companies refuse to remuneration, the government can take over for the suitable of the people.
You want the insurance industry to look resembling VA or Medicare? The US government screws up everything it does. Did you ever enjoy a flood claim with the National Flood Insurance program? It is a federal government program. $1,000 deductible on building. A separate $1,000 deductible on contents. There is no coverage for contents below order level. No coverage for finished basement below category level.
They routinely deny claims because there is not much you can do roughly speaking it. If the wind blows, the NFIP wants the homeowners insurer to remuneration everything.
If you have a complaint about your insurance company, appropriate it up with your state's insurance department.
Insurance companies pay claims. Maybe not adjectives. Sometimes it takes a while. And sometimes you have to do combat. Source(s): Retired claims adjuster who also handled flood claims.
Related Questions:
- Are in attendance any places within Florida where on earth homeowner's insurance isn't large?
- Will Homeowners insurance cover a worn out automoble on someone elses property?
- OMG Homeowners insurance basically cancelled!1 how promptly can i draw from it ?
- Will homeowners insurance clear for negligence?
- Can a homeowner manipulate a case/lawsuit on his own in need contacting his insurance co.?