insurance reform

[CobraDan]

I live here in Florida for the past 10 years and the larger home insurance companies are dropping home insurance like crazy as they got badly burnt 2 years back to back because of Hurricanes. If Cobras were only parked in there garages and not driven on the streets no one would have been killed in a cobra but that’s not the case and when this happens large sums of money are paid out and every insurance company likes collecting money from customers not paying out to customers. The first Cobra insurance company I was with got burnt and stopped writing Cobra insurance, they didn’t drop me but my premium just got higher each year until I looked else where for insurance. Soon I will be looking for home insurance as everyone I know has been dropped here in Florida.

[DAVID GAGNARD]

Vette Killer;

I understand your point and agree on a lot of it,but, in a free interprise society, the insurance companies can and do compete for business like any other company......Cobra business is NOT something a lot of companies want or need, it is very risky at best,usually a losing proposition............

Different companies charge different rates much the same way other companies do...for example: In my small home town there is an Auto Zone, there is also another one in a large city 25 miles away. In the large city Auto Zone, prices are generally 25% lower for the same item than in my home town Auto Zone, because of competition in the large city....I don't like it, but it is a fact of life, much the same way with auto insurance..........

Most companies DON'T want to insure Cobras,hence the high rates....they have been proven to be a losing proposition, it's as simple as that..........shop around, there are deals to be found, it just takes a little time and leg work.............

On another note; if you were the head of any auto insurance company, what would you rather insure:

1.- a 2400 pound Cobra with 500+ hp driven by a guy that may or may not have much if any expirence driving high powered cars......

2. a 50+ year old guy with a classic 66 Vette that probably will get driven a few hundred miles a year if that and then very carefully when driven..
??????????????????????????

David

[vette killer]

It's not FREE enterprise if the law requires you to have it.