State Farm insurance...would you subscribe to them ?

Question

Katrina victims got the shaft !

Answer 1

Before you go making a statement that Katrina victims got the shaft, you should perhaps know what you are talking about. Floods have never been covered on a standard homeowners policy. If you live in a flood zone, you should have flood insurance.

If you had a standard homeowners policy, read the exclusions. Flood damage is excluded and it always has been.

I'm not taking State Farms side here but there are a whole bunch of people out there that want insurance companies to pay for stuff just because they didn't buy the proper coverage in the first place. As far as I'm concerned, State Farm is getting the shaft, along with all the other insurance companies that are being asked to cover things that people didn't insure in the first place.

As I said, if you wanted flood coverage, you should have bought a flood policy.

Answer 2

I DO have State Farm Insurance and do not plan to change. I also live in Mississippi and had hurricane damage. Although I certainly feel for the people who lost everything, I've looked at the policies many of them had. They clearly state that hurricane damage is NOT covered. Because it is a virtual guarantee that if you live on the coast your home will be destroyed by a hurricane on a regular basis, the cost for coverage would be astronomical. Therefore , the vast majority did NOT have hurricane coverage.

Answer 3

I DO buy their policies. I KNOW what it covers - and it DOESN'T cover flood.

So, if "getting the shaft" means, paying for a Ford Focus, then complaining that it's not a Cadillac, sure, they got the shaft. But the truth of the matter is, they were ignorant about what they bought, and what it covers, and didn't do anything to fix it - and probably STILL aren't doing anything except whining.

Answer 4

Then odds are the people who are with State Farm who also lived in the hurricane zone didn't read their policy before signing on. That's not State Farm's fault.

I've been with them for 11 years, both home and auto. My car was stolen in 2003, and I was never more impressed with them than I was in the hours following my calling them. They did everything but help me pick out a new car.

Answer 5

Our family has been very happy with State Farm for 22 years. We haven't had any homeowner claims, but they were the only company to insure our 1973 MG as a regular car not as a sports car; and when hubby wrecked it just a few months after buying it, they gave us every penny back that we had paid for it.

Answer 6

State Farm is like any legalized gambling racket. Actuarial Tables state that if X $ is taken in it is expected the x monies will have to be paid out, the whole time the mass monies that are payments for insurance are being used to collect large interest dividends from all the claims not filed.
It is a good racket, pay company $1200 per anum over 25 years and they pay out for small claims to keep good PR.
Best insurance is wisdom,and accepting facts. Hurricanes have an occurance in the Gulf of Mexico. They do happen. First settlement in America by Spaniards was Pensacola Florida, destroyed by a cane long ago,rebuilt years later, destroyed again,they had no State Farm, but Pensacola still exists because they rebuilt.
The first European settlement in the continental United States was Pensacola, which was established on Santa Rosa Island by conquistador Don Tristán de Luna y Arellano, landing on August 15, 1559. [1][4][2] Weeks later, the settlement and its fleet, carrying supplies, were decimated by a hurricane on September 19, 1559,[4][2] and after many attempts to divide and relocate the colony of over 1,000, the site was abandoned 2 years later.[4][2] Pensacola was permanently reestablished by the Spanish in 1696[1]-1698[3] and became the largest city in Florida, as the capital of the British colony of West Florida in 1763. Another important Spanish settlement was established at Saint Marks in Wakulla county (San Marcos de Apalache). The Spanish settlers established a unique Creole culture in the region and brought in the first African slaves to the area and introduced the Roman Catholic Church.

Pensacola was the first settlement of Europeans in what is now the United States. The area was first sighted by a European in 1513 by Spanish explorer Juan Ponce de León. Three years later, Don Diego Miruelo became the first European to sail into Pensacola Bay.

Since Pensacola was destroyed and abandoned only two years after it was first founded, many people instead regard St. Augustine, Florida (founded 1565), as the first permanent European settlement (continuously inhabited) in what would become the United States. The City of Pensacola, however, still occasionally refers to the area as "America's First Settlement" in advertisements, signs and travel brochures.

The city and its bay were named after the Panzacola Indians, a tribe that lived near the bay when the Spanish arrived. The name was changed to Pensacola to make it easier to pronounce for the Spanish. Despite the original settlement's destruction, the name was preserved and used when the area was re-settled during the 17th Century.

The area was first referred to as "Panzacola" in 1686. Previously, it was known as "Bahía Santa María de Filipina," as it was named so by Tristan de Luna when he founded the area's first settlement. "Panzacola" was affirmed as the area's name by a royal order of Spanish King Ferdinand VI in 1757.

The Spanish resettled Pensacola in 1698 under the direction of governor Andrés de Arriola.
If insurance existed back then, they would have declared bankruptcy also and taken the 30 years of payments offshore and retired in some twisted justification of their own design.
Had to toss that History Lesson in cause it shows how people can rebuild. If you have a brick home with a basement and live in place that has a history of Hurricanes for 1000 years, well, be ready to cut tress, replace roofs, and forget that $10,000 in carpet you left on the floor.
I would have insurance, I do have insurance. I did make certain that I had Wind Driven Water Damage added after Fredrick hit us.
Call it a lesson learned.

Answer 7

I've been with State Farm since I was 17 (I'm now nearly 34) and I have no intention of changing. I've been with them through 3 totalled cars among other things and now have life insurance through them and my boyfriend utilizes them for home and auto.

Answer 8

My husband and I have used State Farm for all our insurance for the last 13 years. We've been very happy. (We don't live in a flood zone, but have made several auto claims.)

Answer 9

I have been with state farm for 22 years and would never change. Very pleased.

Answer 10

I have had them for 17 years and would not change. Great service and good rates. I know what my policy covers and expect nothing more.