June 2010 Archives

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If you don’t own a car, can you still drive someone else’s car without purchasing vehicle liability insurance?

i.e. Is it mandated by Texas state law to purchase vehicle liability insurance if the vehicle you drive is already insured under someone else’s name? (Does it necessarily have to be insured under your own name?) For example can I drive a vehicle that is insured under a parents’ name, without that vehicle being insured under my name-or would I need to purchase my own separate insurance for that vehicle?

Several methods you may think about.Like call your local insurance agent or do some researches on the internet,you should get the idea.

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What should be done about the insurance and property tax crises in Florida and other US Gulf Coast states?

All the major insurers are pulling out of the state. Insurance is simply unavailable for many people, even if they are able to pay the exhorbitant prices. The state has become the largest insurer. People are forced in to the state’s high-risk pool which, by law, must charge prices 20% above going prices. When I moved to Florida a few years ago, my insurance bill was $700. This year, I consider myself fortunate that the bill for the same house is only $2500. The nearest other quote is $4500. This is for a modest middle-class home in a no-flood and hurricane non-evacuation zone.

The property tax structure shifts the tax burden to renters and those who have recently moved. The tax bills for two similar homes right next to each other can vary by over $1000.

Housing prices have risen so much that the state is considering building subsidized dormitories for teachers because they can’t afford to live here.

How do we fix this?

I guess we’ll all have to go north.

Filed under Home Insurance by on . Comment#

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