Insurers dropping homes using Chinese drywall

If there was ever a time for Government intervention, this sounds like a prime example! Insurance companies are getting famous for offering the common taxpayer all forms of insurance, collect our money, and then cancel if you file a claim.
Be it health insurance or now homeowners insurance. These homeowners now face the limbo of having no insurance, losing their homes and facing never legal ending battles in the years to come.
They, the insurance companies, have "DEEP POCKETS", and they can afford to use their attorneys to recover the losses.
For years, people pay their bills in "good faith" only to be screwed over when their insurance companies decide they won't cover our lose's!
Yet, thru Bush and his cronies letting AIG as an example, run to the Federal Government for "bailouts" that are a result of their losses! Prime examples of double standards!
If we don't have insurance, we're screwed! When we do have insurance and have to file a claim, then we get screwed with higher rates, or canceled!
If, homeowners in good faith paid their insurance bills, then the insurance companies should be required by law to pay the claims and then go after those responsible!
If our government allowed Chinese drywall to be imported, then we as taxpayers should be able to go the government for help! If the builders, in good faith, used material that they had no knowledge of being "defective" then why ruin them with lawsuits?

Actually, the people who built the home from shoddy materials should bear the brunt of the cost.

Its kind of silly to blame Bush for this. Or an insurer. If someone wants to build and sell a house, they should know enough to be able to tell the difference between crappy material and good stuff.

If the wood is rotten or the roof leaks, is that something the insurance company has to fix? Of course not. The builder should stand behind his product and replace the drywall. If he won't, then sue his ass.

Clear Thinker wrote:

Actually, the people who built the home from shoddy materials should bear the brunt of the cost.
Its kind of silly to blame Bush for this. Or an insurer. If someone wants to build and sell a house, they should know enough to be able to tell the difference between crappy material and good stuff.
If the wood is rotten or the roof leaks, is that something the insurance company has to fix? Of course not. The builder should stand behind his product and replace the drywall. If he won't, then sue his ****.

Builders will order material from their suppliers! If you were to examine the material, unless you had reason to believe otherwise, you could not determine if the material is defective or not. The argument that I have is when I buy insurance, then I expect the insurer to act in "good" faith! If I paid the insurance company for homeowners insurance, then they should honor their end. If you buy a car, and drive down the street, loose your brakes and injure or kill an innocent person, do you deserve to have your insurance company "cancel" your policy because the brakes were defective? That, it's your problem to hire a lawyer and defend yourself?
No I think not! Also, AIG, as your aware, sold re-insurance and profited quite well until they had to start paying the claims for their clients, only guess what? They passed the buck and Paulson (Bush's T.S) covered their butts and bailed them out!
If one feels the way you do, so be it. Let's hope you have deep pockets!

Were are the city inspector.

Hey willy, please drop the Bush stuff. It has no relevance here and makes you look like a loony leftie.

Here's the deal. If my car's brakes fail and I kill someone, the car manufacturer is at fault. If I drive stupidly and kill someone, then I'm at fault and my insurer will be on the hook.

In the case of the bad drywall, the builder screwed up. My homeowners insurance policy doesn't cover bad materials, just theft, water damage, some amount of mold, fire, and that sort of thing.

DANNY SANDOVAL wrote:

Were are the city inspector.

Probably on S. Federal Hwy busting the chops of the restaurant owner with the tiki hut! They won't be hapy till they shut them down!

me no like chinese

what happens if said home is in foreclosure?

Insurance companies should and could set limits as to how much money they allocate so settle certain types of lawsuits. While I don't believe anyone knew of the faulty Chinese drywall, the buck still stops at personal accountability, hard that it is to say here because I don't think anyone could have known ahead of time. However - part of that accountability may lay at the Executive level of government that, for sake of "diversity," has thrown open the doors of this country to anything and everything, faulty, dangerous, or safe. At one time, America even banned the entry of people with AIDS. Now, anyone may enter, and infect anyone, at will.

mgalvan wrote:

what happens if said home is in foreclosure?

Wow! What a great question! Maybe someone with a legal background can respond. Thanks for asking!

mgalvan wrote:

what happens if said home is in foreclosure?

Why not apply the damages, to the monies we owe them.
Let them fine the manufactures.

DANNY SANDOVAL wrote:

Were are the city inspector.

In Mr. Sum Ting Wongs, pocket.

mgalvan wrote:

what happens if said home is in foreclosure?

The problem with chinese related foreclosures is,
15 minutes later, you'll want to foreclose again.