“I thought last year there would have been a debate over this after the four hurricanes we experienced.”
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“Insurance is really based on looking at the past.”
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“You can never make a place 100% safe, but you can do some things to minimize the dangers.”
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“If youre involved in an accident and youre at fault $500,000 may not be enough. Do you really want to lose your house because you failed to spend an extra couple of hundred bucks?”
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“Fire is one of the most basic areas of coverage.”
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“This will have an impact on rates, but mostly in that region... unless it gets really big.”
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“A house worth $400,000 might have a total claim of more than $1 million after you consider the insurance on contents, other buildings on the property and living expenses.”
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“You still have to pay your mortgage, even if you cant live in your home.”
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“Were hoping that some kind of limited liability agreement can be worked out with the government that limits the liability for Good Samaritans who take in these evacuees. We dont anticipate that there would be a lot of lawsuits out of that, based on the fact that people are voluntarily helping out, but that doesnt mean that still wont occur in some rare instances.”
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“It can be a national problem, as were seeing evidenced today. Theres a lot of other catastrophes that certainly were dealing with these days that could point to the need to explore a national solution.”
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