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Maggie Jetson
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Comments by "Maggie Jetson" (@maggiejetson7904) on "Why The Texas Polar Vortex Is So Expensive | So Expensive" video.
This is America, drywalls are everywhere, not just Texas.
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Insurance is a zero sum game, you will pay back what they pay you later, soon.
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Insurance company typically make 1-5% off the premium and the rest payout and overhead.
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This is what happen when you have a small government with deregulation and everyone wants to pay the minimum for weather proofing code. Their insurance will do the jobs that government fail to do in the future, and charge them sky high premium to retrofit to the latest codes.
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Welcome to 3rd world Texas
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Your premium will rise, for a very long time, and they will mandate new building code you didn't put in when your home was build so you will spend a lot to retrofit too.
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@kobeisbose They do insure with other co insurance companies to diversify the risk. Eventually they will raise premium or exit certain markets. I think for something like Texas' situation they will mandate certain building code or business liability for power businesses will mandate them buying from certain prepared providers only. In other word, they will do the jobs that government refuse to do.
1
You guys send all the illegal immigrants back so now you are complaining there's not enough plumbers (and other construction workers).
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@Feroce LOL, enjoy watching your construction cost go up 50% across the board. This happened in California under Trump's deportation EO, you will enjoy that soon.
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