Home lost in Palisades fire

[Allen Trent]

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It's true, when you have a Delorean, resumes are irrelevant.

That's why today, exclusively for the citizens of California, I am presenting the next evolution of actual cash value, ACX, the Actual Cash eXperience - a product so revolutionary, it will change the way you think about coverage… forever.

Imagine a world where, after you suffer a loss, whether it's wildfire damage, a break-in, death of a loved one, or a freak accident, you receive your payout in ACX.

With ACX, we've removed everything from the insurance product that doesn't matter. We took out the fine print, the disclaimers that go on for pages, and the labyrinth-like claims process. What's left is a beautiful, intuitive experience, get the check for your policies actual trash value, and get on with your life.

We engineered ACX to deliver the highest standard of coverage, your property's worth, in actual dollars, right when you need it. It's a seamless fusion of speed, accuracy, and downright generosity (If I say so myself).

One More Thing…

Because we believe in the power of everyone having direct access to true, real-time funds, ACX is available for every coverage type, from homeowner's to auto, from small business to life insurance, and yes, even that cherished family heirloom. If it has a value, ACX can cover it, with no fuss.

We can't wait for you to experience ACX firsthand. Because once you do, you'll wonder how you ever lived without it.

Had you been CA insurance commissioner & gotten ACV enacted.................I think you would need 24/7 security right about now.

While I love the idea, it would be a death wish at claim time like this national disaster

But who knows, maybe not. I will still vote for you

 

[Al3x Lee]

Had you been CA insurance commissioner & gotten ACV enacted.................I think you would need 24/7 security right about now.

While I love the idea, it would be a death wish at claim time like this national disaster

But who knows, maybe not. I will still vote for you

Maybe if I had enacted ACV, these people would have ACV instead of nothing.

 

[Allen Trent]

Maybe if I had enacted ACV, these people would have ACV instead of nothing.

fair point.

I have not read, is there a lot that have no insurance at all. Seems like they must have no mortgage or would have been forced to have bank forced insurance or FAIR plan

 

[scagnt83]

fair point.

I have not read, is there a lot that have no insurance at all. Seems like they must have no mortgage or would have been forced to have bank forced insurance or FAIR plan

I just saw an article today talking about carriers dropping people over the past few months and many of them not picking up new coverage yet.

 

[Allen Trent]

I just saw an article today talking about carriers dropping people over the past few months and many of them not picking up new coverage yet.

yikes. must have been so recent that their bank didnt put forced placed insurance on it yet.

Hopefully, they hadnt been fully cancelled yet & were merely notified it would be non-renewed at next renewal.

 

[LostDollar]

In @Al3x Lee Defense, he doesn't need a resume.

Resumes need him as a reference

After a post he made in another thread about a senior citizen, I consider him a jerk of the first order.

I don't want him anywhere near my resume or reference list.

Courtesy to you is the only reason I did not address that in the other thread.

 

[LostDollar]

There is actually talk in the compliance/security side of our industry about requiring offline storage of certain types of PII.

Requiring offline servers on closed networks. Or using a harddrive that you physically connect to when storing PII.

But there are a lot of logistical issues with that. Especially in the day and age of e-apps. It would require a lot of restructuring of very established processes.

Those comments don't sound like the plans address the issues concerning security for intermediate handlers of the data where the serious leaks occurred in the MOVit and Change data breaches.

 

[LostDollar]

I just saw an article today talking about carriers dropping people over the past few months and many of them not picking up new coverage yet.

1 or 2 hundred years from now we will probably see these events as some of the precursors leading to militarily enforced abolition of American private property rules as we know them today.

 

[Al3x Lee]

After a post he made in another thread about a senior citizen, I consider him a jerk of the first order.

I don't want him anywhere near my resume or reference list.

Courtesy to you is the only reason I did not address that in the other thread.

Wow, a "jerk of the first order"? I'm flattered! I was going for "jerk of the century," but I guess I'll have to work harder. In all seriousness, though, I appreciate the passion and colorful feedback. If nothing else, I now know to stay far, far away from your resume or reference list, wouldn't want to risk contaminating it with my obviously dangerous opinions.

But hey.. since you feel like rehashing that thread, I'm happy to provide a reminder of my very reasonable (and totally not jerk-like) points.

Our discussion revolved around the affordability and sustainability of homeownership, particularly for seniors and low-income individuals, when faced with rising costs and the potential impacts of my proposed 100% Actual Cash Value (ACV) insurance policies.

Your Concerns:

• Seniors on fixed incomes struggle with increasing costs (medical care, property taxes, insurance, etc.).
• Rising property assessed values and costs of home maintenance could force homeowners to sell or declare bankruptcy.
• ACV insurance, which pays the depreciated value of damaged property, could exacerbate this issue by leaving homeowners unable to afford repairs.

My Perspective:

• If a single claim can lead to financial ruin, the home might not have been affordable in the first place.
• Insurance is not responsible for systemic costs such as maintenance or more than necessary repairs
• Americans often fail to plan for disasters, leading to systemic problems like deficits and an unsustainable housing market.
• Adopting ACV or similar measures might hurt individuals in the short term but is necessary for long-term economic health.
• Housing should be treated as a living space, not purely as an investment, and poor planning should not be subsidized.

Now here's the harsh truth: If one little disaster can ruin you, maybe, just maybe, you shouldn't have bought the house in the first place. Crazy, right? Planning ahead and living within your means? What a concept. Yes, insurance should indemnify you, but you shouldn't be overcompensated.

And then, about those rising taxes and home values you're mad about? Guess what: houses aren't just places to live anymore; they've basically become lottery tickets for investors, and those investors have been virtually without risk thanks to the generous but unsustainable insurance system that's been created over the past 3 decades. That's why everything costs a fortune. But hey, let's keep pretending everyone can stay in homes they can't maintain forever. That's a brilliant plan, until the whole economy collapses.

I'm not trying to kick you out of your house; I'm pointing out the obvious: you can't live in a financial fantasy forever. If you don't plan for the worst, don't cry when it happens.

Other than that, we can agree to disagree, and I'll stay over here, firmly in the "jerk" corner, perfecting my craft. Cheers!