[cabal]

[quote=Raybyrnes]Cabal
“My experience with Travelers so far has been great.”

Cabal I want you to qualify this statement for me. Have you had any claims with Travelers. Why is your experience with Travelers great?

Is it a that the coverage and service has been great or are you simply happy with the current premium vs the old premium and have your fingers crossed that service will be equal with both companies?[/quote]

I’ve had one claim with Travelers associated with the 2007 fires and none with the previous carrier. Damage was mostly collateral – smoke, half inch of ash everywhere, broken fence, snapped trees and thrashed landscaping. Initially, I didn’t file a claim, repaired the fence myself one weekend, vacuumed the pool / drain water / clean filter another weekend. After 2 weeks I threw in the towel as there was still tons of ash in the yard, roof, garage and attic, plus all the landscape damage.

I called on a weekday and 2 adjusters showed up the next day. I wasn’t home, so my wife showed them the house. My deductible was high, so I was just hoping for a few bucks to buy windex, a mop, and some plants from Home Depot. When I came home that night, there was a check sitting on my kitchen table large enough to buy a car. When policy renewal approached, I was expecting a cancellation notice. Instead, I received a renewal offer with a decrease to the premium. I couldn’t believe it – did I accidentally blow the CEO of Travelers or what?

[cabal]

Oh goody, another doomsday post. Let’s see, this article was written 6 months ago and since then prices have actually increased, at least in SD. Well, they have another year to see how events play out.

I’d like to review the assumptions used to make this projection, especially if this is a double dip projection banking on the 2010 tsunami that hasn’t shown up. Recently, I had an interesting conversation with a friend who aggressively mined the rich CV/56/SantaLuz/4s vein from 2003 to 2007. He flipped 4 homes all for profit, financed with option arms and IO loans. He said exactly one second after he concluded prices had flattened (2007) he sold everything. If this article is counting on loans like his to default further depressing prices, or counting on other loans that have already defaulted, then it is way overly pessimistic.

I would also point out quoting percentages can be deceptive, that is a 50% increase does not equal a 50% decrease. For example, a 200K house that appreciates 50% to 300K only needs to depreciate 33% from peak for equivalent change. Richs curves show decreases from peak of approximately 33%, 41%, and 52% for low, mid, and high end, respectively. You can do the math to see what that equates to in % appreciation from original baseline.

[cabal]

Oh goody, another doomsday post. Let’s see, this article was written 6 months ago and since then prices have actually increased, at least in SD. Well, they have another year to see how events play out.

I’d like to review the assumptions used to make this projection, especially if this is a double dip projection banking on the 2010 tsunami that hasn’t shown up. Recently, I had an interesting conversation with a friend who aggressively mined the rich CV/56/SantaLuz/4s vein from 2003 to 2007. He flipped 4 homes all for profit, financed with option arms and IO loans. He said exactly one second after he concluded prices had flattened (2007) he sold everything. If this article is counting on loans like his to default further depressing prices, or counting on other loans that have already defaulted, then it is way overly pessimistic.

I would also point out quoting percentages can be deceptive, that is a 50% increase does not equal a 50% decrease. For example, a 200K house that appreciates 50% to 300K only needs to depreciate 33% from peak for equivalent change. Richs curves show decreases from peak of approximately 33%, 41%, and 52% for low, mid, and high end, respectively. You can do the math to see what that equates to in % appreciation from original baseline.

[cabal]

Oh goody, another doomsday post. Let’s see, this article was written 6 months ago and since then prices have actually increased, at least in SD. Well, they have another year to see how events play out.

I’d like to review the assumptions used to make this projection, especially if this is a double dip projection banking on the 2010 tsunami that hasn’t shown up. Recently, I had an interesting conversation with a friend who aggressively mined the rich CV/56/SantaLuz/4s vein from 2003 to 2007. He flipped 4 homes all for profit, financed with option arms and IO loans. He said exactly one second after he concluded prices had flattened (2007) he sold everything. If this article is counting on loans like his to default further depressing prices, or counting on other loans that have already defaulted, then it is way overly pessimistic.

I would also point out quoting percentages can be deceptive, that is a 50% increase does not equal a 50% decrease. For example, a 200K house that appreciates 50% to 300K only needs to depreciate 33% from peak for equivalent change. Richs curves show decreases from peak of approximately 33%, 41%, and 52% for low, mid, and high end, respectively. You can do the math to see what that equates to in % appreciation from original baseline.

[cabal]

Oh goody, another doomsday post. Let’s see, this article was written 6 months ago and since then prices have actually increased, at least in SD. Well, they have another year to see how events play out.

I’d like to review the assumptions used to make this projection, especially if this is a double dip projection banking on the 2010 tsunami that hasn’t shown up. Recently, I had an interesting conversation with a friend who aggressively mined the rich CV/56/SantaLuz/4s vein from 2003 to 2007. He flipped 4 homes all for profit, financed with option arms and IO loans. He said exactly one second after he concluded prices had flattened (2007) he sold everything. If this article is counting on loans like his to default further depressing prices, or counting on other loans that have already defaulted, then it is way overly pessimistic.

I would also point out quoting percentages can be deceptive, that is a 50% increase does not equal a 50% decrease. For example, a 200K house that appreciates 50% to 300K only needs to depreciate 33% from peak for equivalent change. Richs curves show decreases from peak of approximately 33%, 41%, and 52% for low, mid, and high end, respectively. You can do the math to see what that equates to in % appreciation from original baseline.

[cabal]

Oh goody, another doomsday post. Let’s see, this article was written 6 months ago and since then prices have actually increased, at least in SD. Well, they have another year to see how events play out.

I’d like to review the assumptions used to make this projection, especially if this is a double dip projection banking on the 2010 tsunami that hasn’t shown up. Recently, I had an interesting conversation with a friend who aggressively mined the rich CV/56/SantaLuz/4s vein from 2003 to 2007. He flipped 4 homes all for profit, financed with option arms and IO loans. He said exactly one second after he concluded prices had flattened (2007) he sold everything. If this article is counting on loans like his to default further depressing prices, or counting on other loans that have already defaulted, then it is way overly pessimistic.

I would also point out quoting percentages can be deceptive, that is a 50% increase does not equal a 50% decrease. For example, a 200K house that appreciates 50% to 300K only needs to depreciate 33% from peak for equivalent change. Richs curves show decreases from peak of approximately 33%, 41%, and 52% for low, mid, and high end, respectively. You can do the math to see what that equates to in % appreciation from original baseline.

[cabal]

Whatever happened to the Bakken Oil Fields? This was suppose to help solve the US energy problem a few years ago.

[cabal]

Whatever happened to the Bakken Oil Fields? This was suppose to help solve the US energy problem a few years ago.

[cabal]

Whatever happened to the Bakken Oil Fields? This was suppose to help solve the US energy problem a few years ago.

[cabal]

Whatever happened to the Bakken Oil Fields? This was suppose to help solve the US energy problem a few years ago.

[cabal]

Whatever happened to the Bakken Oil Fields? This was suppose to help solve the US energy problem a few years ago.

[cabal]

I use pay about $2300 using a broker. Four years ago, I asked my auto insurance company again (21st century) on a whim, and this time they somehow hooked me up with Travelers for about $1200 for essentially the same coverage. My experience with Travelers so far has been great.

[cabal]

I use pay about $2300 using a broker. Four years ago, I asked my auto insurance company again (21st century) on a whim, and this time they somehow hooked me up with Travelers for about $1200 for essentially the same coverage. My experience with Travelers so far has been great.

[cabal]

I use pay about $2300 using a broker. Four years ago, I asked my auto insurance company again (21st century) on a whim, and this time they somehow hooked me up with Travelers for about $1200 for essentially the same coverage. My experience with Travelers so far has been great.

[cabal]

I use pay about $2300 using a broker. Four years ago, I asked my auto insurance company again (21st century) on a whim, and this time they somehow hooked me up with Travelers for about $1200 for essentially the same coverage. My experience with Travelers so far has been great.

[Author]

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