The Home Insurance Policy and the recession
Has recession anything to do with the home insurance policy and their rates? I really do not have any clue. Can we survive the recession? What should I do to my home insurance policy in this age of recession; will my premium be lowered? It is a kind of confusion. More and more people are expected to loose jobs! I am not scaring you; this is among the popular confusions after recession is said to have peeped in to the country.
The big slash in the interest rates is fine, but is that going to stop all rip offs out there? Recession is up, but there are still money makers and capitalists! Will the insurance companies continue to be capitalists; does recession mean a low premium for homes. I wonder it should not be. The price of the homes is going to be the same but only the interest rates are going to come down. Lowering of interest rates in the homes should have nothing to do with policy rates going down? I have put up some confusion out here. Anyone that is well learned that has a right answer for me? I would like to hear some true real-time comments!