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Old 12-19-2017, 07:09 PM
 
882 posts, read 683,829 times
Reputation: 905

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Quote:
Originally Posted by expatCA View Post
CA4Now was talking about non National Disasters like a one house fire.

All insurance has a deductible and everyone knows that. Earthquakes are rare that do any damage and if you live in an area with Earthquakes .... plan for it or don't buy. It is a choice. Same with flood insurance as no one NEEDS to live in those areas and if they choose to do so, their problem.
Absolutely. And most Californians are well aware that earthquake insurance is an add-on (and if you're not then shame on you). Their decision to buy or not to buy is their personal choice. Most gamble on not having it as it is quite costly, but again, that is their choice and they know the consequences.
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Old 12-19-2017, 07:18 PM
 
Location: So Ca
26,573 posts, read 26,433,288 times
Reputation: 24510
Quote:
Originally Posted by expatCA View Post
CA4Now was talking about non National Disasters like a one house fire.
I was?

Quote:
Originally Posted by CA4Now View Post
Keep reading, expat.

"But victims of future calamities will be cut loose to fend for themselves absent a national disaster declaration.

Not all casualties occur in natural disasters, of course. Kitchen fires can set a house ablaze. Cars can be stolen. Houses burglarized. Insurance might not cover it all. Tough.
Quote:
Originally Posted by expatCA View Post
Would you own a home and NOT buy enough insurance for full coverage.
All those commercials about insurance companies offering peace of mind when things like this happen — those are just ads,” said Amy Bach, executive director of United Policyholders, a San Francisco-based advocacy group.

“In reality, insurance policies are written by teams of lawyers, and it can be rough for homeowners,” she said.

Narbeh Shirvanian, a Glendale lawyer who handles fire-related claims, said it’s not unheard of for an insurer to change the terms of a policy during the renewal process.

“It might be disclosed,” he said. “But let’s be honest, nobody really reads all this stuff.”

As a result, you may find that you’re shouldering more of the risk than you originally thought.

“We’re seeing issues with smoke and ash damaging homes and insurance companies playing games,” Shirvanian said. “One year they do one thing, one year they do something else.”


http://www.latimes.com/business/laza...011-story.html
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Old 12-20-2017, 12:12 PM
 
18,172 posts, read 16,232,213 times
Reputation: 9325
Quote:
Originally Posted by CA4Now View Post
I was?
From you and posted by you
Not all casualties occur in natural disasters, of course. Kitchen fires can set a house ablaze. Cars can be stolen. Houses burglarized. Insurance might not cover it all. Tough.


Quote:
All those commercials about insurance companies offering peace of mind when things like this happen — those are just ads,” said Amy Bach, executive director of United Policyholders, a San Francisco-based advocacy group.

“In reality, insurance policies are written by teams of lawyers, and it can be rough for homeowners,” she said.

Narbeh Shirvanian, a Glendale lawyer who handles fire-related claims, said it’s not unheard of for an insurer to change the terms of a policy during the renewal process.

“It might be disclosed,” he said. “But let’s be honest, nobody really reads all this stuff.”

I do and anyone with intelligence does as noted things are not as they first appear.
Quote:
As a result, you may find that you’re shouldering more of the risk than you originally thought.

“We’re seeing issues with smoke and ash damaging homes and insurance companies playing games,” Shirvanian said. “One year they do one thing, one year they do something else.”
Again making my point. If people read with comprehension, asked questions when they do not understand and get written explanations, then they would not have the problem. Not doing so is ..... their fault.

Why not a law that does not take money out of the pockets of all people and require Insurance companies to do simple English contracts with no obscure verbiage and the exact coverage, deductibles, etc spelled out in one place, etc?

Naw, why cut out the ability of insurance companies to pay less, reduce the money made due to the amount of work attorneys have in drawing up such complex contracts, fighting them in court (Both sides), etc., just pass a law that makes people not involved pay for any losses.

Wait how many politicians in office now are attorneys?
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Old 12-20-2017, 12:25 PM
 
3,439 posts, read 3,255,058 times
Reputation: 2508
From the article below on tax bill's disproportionate impact on California: "The bills would phase out the ability to deduct personal casualty losses from wildfires and earthquakes — a constant threat in vast parts of the state — but keep the deduction for damage from hurricanes and floods like those in Florida and Texas this year."

https://www.nytimes.com/2017/11/10/b...tax-bills.html


this is not fair
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Old 12-20-2017, 02:14 PM
 
18,172 posts, read 16,232,213 times
Reputation: 9325
Quote:
Originally Posted by payutenyodagimas View Post
From the article below on tax bill's disproportionate impact on California: "The bills would phase out the ability to deduct personal casualty losses from wildfires and earthquakes — a constant threat in vast parts of the state — but keep the deduction for damage from hurricanes and floods like those in Florida and Texas this year."

https://www.nytimes.com/2017/11/10/b...tax-bills.html


this is not fair
Would that not apply to every State, not just CA? And only if no National emergency was declared.

Flooding can occur in CA as well. Now Hurricanes and earthquakes are different in other States, but most States do have earthquakes from time to time. Again carry the proper insurance for what is needed in the State you live in and ... no need for the tax payer to bail anyone out. And if a National emergency is called, then a non issue.

However like most laws being discussed changes will be made in the Senate and House, so no way to know until it is passed.

Now you say it isn't fair in CA? Why is the "sunshine tax" fair in CA? CA has a LOT of taxes to pay for things that aren't done, so why doesn't CA offer some coverage for CA unique issues like earthquakes, instead of expecting the US to do so?
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Old 12-20-2017, 06:54 PM
 
Location: So Ca
26,573 posts, read 26,433,288 times
Reputation: 24510
Quote:
Originally Posted by expatCA View Post
From you and posted by you
I’ve posted multiple times about this topic on this thread, and you isolate ONE post to fit your view.

Quote:
Originally Posted by expatCA View Post
I do and anyone with intelligence does as noted things are not as they first appear.
Difficult to argue with that belief. "Anyone with intelligence...."
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Old 12-20-2017, 06:57 PM
 
Location: Living rent free in your head
42,711 posts, read 25,867,327 times
Reputation: 33790
Quote:
Originally Posted by expatCA View Post
Now you say it isn't fair in CA? Why is the "sunshine tax" fair in CA? CA has a LOT of taxes to pay for things that aren't done, so why doesn't CA offer some coverage for CA unique issues like earthquakes, instead of expecting the US to do so?
Why doesn't Texas provide coverage for hurricanes, why doesn't Kansas provide coverage for Tornados, Why doesn't Louisiana provide flood coverage?
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Old 12-20-2017, 08:23 PM
 
Location: in a galaxy far far away
19,097 posts, read 16,465,254 times
Reputation: 33106
After today's vote, some news came out that I don't think is a bad thing. According to a report AT&T is going to give $1,000 to 200K of their employees. Comcast is giving out a $1,000 bonus, as well. Fifth Third Bancorp will give 13,500 employees a bonus and will be raising their minimum wage to $15/hr.
But PG&E won't be paying their shareholders this quarter.

I don't know what this means for the rest of tax reform in California but for some it's going to be a very nice Christmas. I'm happy to see these big corporations giving back to the employees because without them, the company would be nothing.
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Old 12-20-2017, 08:41 PM
 
Location: So Ca
26,573 posts, read 26,433,288 times
Reputation: 24510
Quote:
Originally Posted by HereOnMars View Post
After today's vote, some news came out that I don't think is a bad thing. According to a report AT&T is going to give $1,000 to 200K of their employees. Comcast is giving out a $1,000 bonus, as well.
How nice for their employees! Now, about the rest of us...

The bonuses also come as a number of Internet providers, including Comcast and DirecTV, the television provider owned by AT&T, announced price hikes for their broadband and cable TV packages that are expected to start next year.

https://www.washingtonpost.com/news/...=.116ec78a661e

AT&T’s $1,000 Christmas Bonus Does Not Mean the GOP Tax Bill Will Raise Your Wages:
https://slate.com/business/2017/12/a...ker-wages.html
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Old 12-20-2017, 08:47 PM
 
Location: in a galaxy far far away
19,097 posts, read 16,465,254 times
Reputation: 33106
Quote:
Originally Posted by CA4Now View Post
How nice for their employees! Now, about the rest of us...
I'm sorry. I didn't realize you were struggling to make ends meet. I hope things are better for you in the coming year.
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