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mwmisses4289

(4,829 posts)

11. Insurance is a scam. it started coming clear to me because of a movie

Reply to mahatmakanejeeves (Original post)

Sun May 31, 2026, 08:57 AM

11 hrs ago

based on a Terry Pratchett book. It became even clearer in 2008, after Hurricane Ike hit our area. People contacting their insurance companies, the adjuster coming out, then telling them that their house was still "livable" because they had pitched a tent between the only two walls and under a portion of the roof still left.
So, yeah, the commercials pitch insurance as a safety net for you if something goes wrong, but the reality is that money is going straight into the ceo's pockets for that new yacht, helicopter, or whatever the latest shiny new toy is that the epstein class has decided is the thing this week.

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Highlight:

The Home-Insurance Coin Flip: Nearly Half of Claims Result in Zero Payout [View all] mahatmakanejeeves 15 hrs ago OP

It is all junk insurance for homeowners now... OhioBack2Blue 14 hrs ago #1

If a customer has a question, that sets off an alarm with those mother-f6ckers wolfie001 12 hrs ago #3

You can't even have them check to see if your roof is okay after a hail storm. moreland01 2 hrs ago #40

Expect more crappy outcomes with the KKKrappy occupant in the WH nt wolfie001 12 hrs ago #2

Umm... that reticence runs throughout the entirety of the insurance racket. OldBaldy1701E 12 hrs ago #4

Yup lonely bird 11 hrs ago #9

Not just necessary for mortgage holders but required. mdbl 5 hrs ago #29

THE BIG FIVE: These are the biggest offenders. New Jersey's Department of Insurance listed companies with 3Hotdogs 11 hrs ago #5

We had State Farm lonely bird 11 hrs ago #8

That's not what Jake from State Farm says. mdbl 5 hrs ago #30

I bet they don't even cover chip board glue now bucolic_frolic 11 hrs ago #6

Another insurance rip-offs are the health insurance clubs that are not insurance. They are not rated by state agencies 3Hotdogs 11 hrs ago #7

Medishare? lonely bird 11 hrs ago #10

Sirius XM. Christian Healthcare Ministries. 3Hotdogs 9 hrs ago #16

Insurance is a scam. it started coming clear to me because of a movie mwmisses4289 11 hrs ago #11

May I suggest? lonely bird 8 hrs ago #25

Wow, never heard of that one. Will look for it. Love Meryl. mdbl 5 hrs ago #32

We know this has been the trend line for health "insurance" for a long time Bluetus 11 hrs ago #12

We've never had a problem Fiendish Thingy 10 hrs ago #13

What year was your last State Farm claim? mdbl 5 hrs ago #33

Oh jeez...I'm not sure Fiendish Thingy 5 hrs ago #36

Peace of mind for the bank only... JT45242 10 hrs ago #14

So you'd think homeowners would have an ally in the bank that owns the home Bengus81 9 hrs ago #18

Link to non-paywall article flvegan 9 hrs ago #15

"I don't understand why people post shit nobody without a subscription (to the WSJ, no less) can read." mahatmakanejeeves 9 hrs ago #19

There's a better way to deal with that than just denying claims mdbl 5 hrs ago #34

State Farm is not like a good neighbor, they suck Historic NY 9 hrs ago #17

Everything is a scam now. Oneironaut 9 hrs ago #20

How well I know... KSL-Washington 8 hrs ago #21

We just dumped USAA (after 70 years with several generations of my family) moreland01 2 hrs ago #41

Too often, when someone files a homeowners claim their policy is not renewed by the insurer dlk 8 hrs ago #22

Kick dalton99a 8 hrs ago #23

I had a water claim a few years back. All the basements on my block flooded because a storm drain behind our Raftergirl 8 hrs ago #24

I have also had a recent experience with Nationwide (luckily) and they have been remarkable FakeNoose 6 hrs ago #28

Great to hear this and good luck with the rebuilding! Can't imagine going through something like that with Raftergirl 5 hrs ago #35

About how many years back was that? pnwmom 1 hr ago #43

'22 or '23. But I have this specific coverage in my policy. As another poster wrote, it only costs an extra couple Raftergirl 38 min ago #45

Catastrophic Losses Backstopped By Government 2na fisherman 7 hrs ago #26

Like a good little drone, I've been paying house insurance premiums since 1978, BobTheSubgenius 7 hrs ago #27

The companies pay some people a lot of money Quanto Magnus 5 hrs ago #31

People are not customers any more. hunter 4 hrs ago #37

It pays to spend a little time with an agent to understand what your insurance is covering sarisataka 4 hrs ago #38

That graph is close to tracking the past three Presidential elections Uncle Joe 3 hrs ago #39

The bastids join in on the fleecing of the majority of Americans GreenWave 1 hr ago #42

Well to be honest i thought it was higher. Figarosmom 1 hr ago #44