why do insurance companies get away with charging hefty premiums but when it comes time to pay up, they don’t?

they get legislators to approve these premiums and get them to make laws requiring automobile liability insurance, while selling this to the public vote as a decrease in premium because of more insureds, yet when an accident occurs, they raise the premium or drop you. what about the katrina victims that have been paying homeowners and/or flood insurance for 30+ years and now that it’s time for the insurance company to produce the service that we pay so dearly for, the consumer gets jacked! why are they allowed to get away with all of this when they are supposedly regualated by their state’s insurance commission?

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