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Sorry to hear about it Draco, hope you recover soon!
Home insurance for preppers?
- Thread starter ParryG
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What an experience you have gone through Draco! Prayers and warm thoughts are with you. You were very fortunate to be saved as I’m sure you’ve realized.
State Farm was literally founded as a Farm Insurance company in Illinois. Slim pickings for more "farm friendly" companies. I showed this to my wife who has 30 years in the property/casualty insurance business and has worked for Farmers, State Farm, and a few Independents (brokers), she chuckled quietly. Here's some insurance "inside baseball", if you are not having your policies re quoted every six months you are throwing money down the drain.
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ALFA Insurance - Alabama Farmers Federation
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I have & I have eat it in a Tex-Mex dish. I bought seeds that will grow in zone 7a.
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When SHTF for real there will be no insurance, so I am missing the whole thing.
And if there are companies, the act of God will cover everything but war & they have a war clause.
And if there are companies, the act of God will cover everything but war & they have a war clause.
* At home we use State Farm Insurance and have coverage for Home and Auto.
Life Insurance - left over 20-year term. I don't know that it's even any good anymore.
Genworth got bought out by some Chinese company...geez.
(I used to use USAA, but my wife had State Farm, so I nixed the duplication.)
* For the grocery store and the rest of the shopping center, we use Farmers Insurance and have coverage for Business Owners, Commercial General Liability, Commercial Property Insurance, an "Umbrella" policy, and Workers' Comp for our employees.
The HUGE benefit of coverage for the shopping center is the coverage for all our rooftop solar equipment and natural gas generators. The property policy also covers the buildings, sidewalks, parking lots and decks, store signs, trees, bushes, and other landscaping.
*Our facility is "self-insured," except for the solar and generators covered by the shopping center's policies. Our employees' insurance policies are either covered by the school or the shopping center. Some of the permanent facility staff are paid by the school because they are really providing educational services and the rest of the facility staff get paid out of the shopping center leasing office, because they do all that work too, it just doesn't require as much people power as is allocated on paper. The shopping center does sub out grass cutting, hedge trimming, walkway blowing, and the cleaning of common areas like the public restrooms and those folks are covered by their own insurance.
*The school insurance policies are the real pain. Not only are they expensive, but extensive. Anyone that tells you that you can "make money running a school" (if you do things well) is holding something back.
It's difficult to even break even.
We don't do buses and we don't do athletics so those are both huge cost savers for the budget and knock down our insurance costs considerably.
The school's insurance coverage includes "Liability," "Commercial Property" for fire, natural disasters, vandalism, etc. We do have two passenger vans for field trips, so we also have "Commercial Auto." The staff are covered by "Workers’ Comp," and an "Umbrella" policy for extra coverage just in case. Then there's health coverage which blows the roof off of school costs.
I rarely have gotten anything back claim-wise, but when you have a lot of people involved, especially children, you almost have to do insurance out the wazoo.
Life Insurance - left over 20-year term. I don't know that it's even any good anymore.
Genworth got bought out by some Chinese company...geez.
(I used to use USAA, but my wife had State Farm, so I nixed the duplication.)
* For the grocery store and the rest of the shopping center, we use Farmers Insurance and have coverage for Business Owners, Commercial General Liability, Commercial Property Insurance, an "Umbrella" policy, and Workers' Comp for our employees.
The HUGE benefit of coverage for the shopping center is the coverage for all our rooftop solar equipment and natural gas generators. The property policy also covers the buildings, sidewalks, parking lots and decks, store signs, trees, bushes, and other landscaping.
*Our facility is "self-insured," except for the solar and generators covered by the shopping center's policies. Our employees' insurance policies are either covered by the school or the shopping center. Some of the permanent facility staff are paid by the school because they are really providing educational services and the rest of the facility staff get paid out of the shopping center leasing office, because they do all that work too, it just doesn't require as much people power as is allocated on paper. The shopping center does sub out grass cutting, hedge trimming, walkway blowing, and the cleaning of common areas like the public restrooms and those folks are covered by their own insurance.
*The school insurance policies are the real pain. Not only are they expensive, but extensive. Anyone that tells you that you can "make money running a school" (if you do things well) is holding something back.
It's difficult to even break even.
We don't do buses and we don't do athletics so those are both huge cost savers for the budget and knock down our insurance costs considerably.
The school's insurance coverage includes "Liability," "Commercial Property" for fire, natural disasters, vandalism, etc. We do have two passenger vans for field trips, so we also have "Commercial Auto." The staff are covered by "Workers’ Comp," and an "Umbrella" policy for extra coverage just in case. Then there's health coverage which blows the roof off of school costs.
I rarely have gotten anything back claim-wise, but when you have a lot of people involved, especially children, you almost have to do insurance out the wazoo.
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SHTF could be years away. I think it would be wise to carry some insurance until then.
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I agree, but it will not protect you after the Fall.
I said "When SHTF" not before.
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Actually I think we're already in the beginning stages of SHTF. It just doesn't look like what they portray in the movies or books. Its so slow moving that most people don't notice or care.
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May I suggest adblock?
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It's on. Ads are hit n miss here and I don't have an issue online anywhere else with pop ups. Weird! Oh well..I don't think I've been "sweating to the oldies" lately! Maybe I need to! ..haaa
You might want to try a newer version.
I dont get pop ups here.
In a shtf fan situation there will be no insurance. What we will have is all we will have. But for most everything short of that, fires, car accidents, medical emergencies, insurance is damn handy to have.
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Preps are insurance.
Almost every insurance company has an "Underwriter", another organization, bank or finance institution that backs the policy. Kind of like the FDIC does for bank accounts. The underwriter sets the rates, qualifications and rules.
If the banks, stock market and currency are messed, so are the insurance companies with very few exceptions (those who are their own underwriters may have a chance)...which means, your policy has more value as spare toilet paper.
Guess who one of the largest underwriters for insurance companies is? Blackrock. Comforting isn't it?
It's not often I get the chance to pass along info that significantly effects lives.
There was no sign of a hurricane back on July 28th, but providentially, ParryG
asked us about insurance?
It got me thinking about my own insurance and I popped off a message to all our partners that same night. I listed my policy coverages including homeowners with flood and wind, life insurance, auto, liability, and umbrella.
When we had a partner's meeting about a week later (with a rep from each family,) I was heartened that most had actually done a review of their policies. I think that most of those who hadn't bothered, DID look at their coverage after that - based on comments I've gotten.
Now I've been accused of being a "fortune-teller" for anticipating IAN. Thank you ParryG !
The additional coverage didn't prevent the heartache of homes damaged by trees, debris, and in some cases several feet of nasty water, but it sure helps. This storm surprised us all and it will be many months before we recover...and even longer until the coastal regions see anything like normal. The losses and cleanup really suck, but maybe for the first time, insurance was really worth it?!
There was no sign of a hurricane back on July 28th, but providentially, ParryG
asked us about insurance?
It got me thinking about my own insurance and I popped off a message to all our partners that same night. I listed my policy coverages including homeowners with flood and wind, life insurance, auto, liability, and umbrella.
When we had a partner's meeting about a week later (with a rep from each family,) I was heartened that most had actually done a review of their policies. I think that most of those who hadn't bothered, DID look at their coverage after that - based on comments I've gotten.
Now I've been accused of being a "fortune-teller" for anticipating IAN. Thank you ParryG !
The additional coverage didn't prevent the heartache of homes damaged by trees, debris, and in some cases several feet of nasty water, but it sure helps. This storm surprised us all and it will be many months before we recover...and even longer until the coastal regions see anything like normal. The losses and cleanup really suck, but maybe for the first time, insurance was really worth it?!
