Tuesday, October 25, 2011

A Giant Ponzi Scheme?

I just got off the phone with my insurance company. They’ve insured my house and both cars for years. 

I asked, “Why is my homeowner’s insurance premium 25% higher this year?”

Here was the answer. “There have been a lot of claims in your area recently.”



Last month a storm brought hail and wind to our neighborhood. Several neighbors put on new roofs and new siding. I haven't made a claim. My insurance went up anyway.

Right now I’m calling other insurance companies for new quotes. I need to re-enter this Ponzi scheme thing at the bottom level.

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