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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't have much empathy for people who don't insure even though they are high income. A high income person can afford the mortgage in Malibu AND the FAIR coverage, AND fill in what isn't covered with their savings and ongoing income. If they decided to risk it and not pay for coverage, they have to pay up when their bet doesn't pay off.

And I really don't feel bad for the grandfathered in grandparents either. They are holding on to VERY expensive properties and basically betting that they won't have a fire. They shouldn't enjoy both windfall profits from the past 30 years and not have to pay the price when things go wrong.

"PP here from the area. Yep, FAIR doesn't apply to most people even in Malibu since they still CAN get insurance, it's just really expensive and bad coverage (FAIR is expensive and bare bones too).

But yeah, the thing about the area is, it's very expensive and people are generally UMC but not necessarily risk-averse and not the sort of financial situation where the cost of fire + earthquake + flood or an umbrella policy would not be a SERIOUS expense they might not be able to afford comfortably without trimming elsewhere, unless they are grandfathered in (like my parents). Even for my parents, it is a significant cost and one they have to budget for carefully from retirement/pension." 
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This is such a sh!tty post. [/quote]

Why?  It is the truth, I do not want to subsidize someone who chose not to insure.  Everyone is screaming at State Farm, forget about them.  There were other insurers writing policies, f g use them for coverage.  I hate that have to pay flood insurance premiums because of a creek along the park on my property, guess what?  I pay it whether I like it or not because I need to protect my family residence (we only have one) and now I'm supposed to underwrite people who voted for this garbage and these garbage DEI fools who destroyed their community?  That's there problem.  I have donated to the equestrian center taking in the horses and donkeys, that's it.  Pay for insurance, the rest of the world does not owe you.[/quote]
I am sure that the insurance companies will find a way to deny coverage to those who actually had insurance [/quote]

There's always a price, your choice to pay it.  Sucks, true, but there is always a price.[/quote]

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