U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Louisiana
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-24-2009, 06:30 AM
 
3 posts, read 4,043 times
Reputation: 10

Advertisements

This is my first time on here so, here goes nothing!

My question for the STATE of LOUISIANA is this? WHY ARE CITIZENS OF THE STATE OF LOUISIANA CONTINUING BEING CHARGED ON THEIR HOMEOWNER'S INSURANCE A FEE FOR CITIZENS WHO ARE IN A HIGH RISK ZONE???? I called my Homeowner's Insurance Company, LIBERTY MUTUAL and was told I am PAYING this FEE because the STATE is LOSING money!!!!

Why should I, a citizen of THIS STATE be charged a FEE for SOMETHING this STATE is LOSING MONEY ON???????????????

Anyone care to ANSWER this QUESTION????
Reply With Quote Quick reply to this message

 
Old 04-24-2009, 07:23 AM
 
Location: Deep in the Heart of Texas
1,479 posts, read 7,203,658 times
Reputation: 1923
If you feel the practice is unfair, illegal or against your state constitution, perhaps you should call the Lousiana Attorney General's office. If you want to complain and get the law changed, talk to your state representative or state senator for your parish.

I'm not sure if anyone on this forum could really help you or answer the question with any certainty. Let's see.
Reply With Quote Quick reply to this message
 
Old 04-24-2009, 08:10 AM
 
3 posts, read 4,043 times
Reputation: 10
Smile LA Fair Plan Act

Thanks Leorah,

I have contacted the State Insurance Commissioner and was told by her Mr. Donelson is NOT responsible for these charges. She told me to contact my State Representative, which I have already done. She also told me that the State Legislators VOTE on this every year and have the right to IMPOSE this fee for 10 years.

I realize, after writing this, that I possibly violated your TOS aggreement. I do apologize and I will no longer post on here.

Thanks for making this site available to everyone in the State!

LuLu
Reply With Quote Quick reply to this message
 
Old 04-24-2009, 08:24 AM
 
Location: Baton Rouge, LA
1,357 posts, read 4,979,678 times
Reputation: 367
The deal with the FAIR asssessment is this: for those who can't get homeowners insurance coverage, La Citizens was created. After "Katrita" (and because the Citizens kitty didn't yet have enough $$ in it to pay claims), the Legislature imposed an assessment on homeowners to help replenish the fund and/or pay off debts incurred by La Citizens in paying claims. Though I'm not crazy about this assessment, this assessment has for the last years been a tax credit we can take against Louisiana income tax.

...And on a related subject, we got a tax credit (against Louisiana income tax in 2008) for a portion of our homeowners insurance premiums.
Reply With Quote Quick reply to this message
 
Old 04-24-2009, 09:42 AM
 
3 posts, read 4,043 times
Reputation: 10
Thank you BRMan.

I did not realize I could get a tax credit for a portion of my homeowners ins. premium though.

Last year, my CPA only gave me credit for the FAIR tax assessment, but, not my homeowner's premium. Is this a new law???

Again, thank you,
LuLu
Reply With Quote Quick reply to this message
 
Old 04-24-2009, 11:04 AM
 
Location: Baton Rouge, LA
1,357 posts, read 4,979,678 times
Reputation: 367
Quote:
Originally Posted by LuLuNLA51 View Post
Thank you BRMan.

I did not realize I could get a tax credit for a portion of my homeowners ins. premium though.

Last year, my CPA only gave me credit for the FAIR tax assessment, but, not my homeowner's premium. Is this a new law???

Again, thank you,
LuLu
Yes, they changed the law briefly to allow the ins premium tax credit because when the 2008 Legislative Session was in progress, we had $$. I'd be surprised if that credit got renewed this year (the 2009 tax year) because the state coffers are a little emptier.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Louisiana
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top