To the editor: At all times conspicuously absent from each the protection and dialog about escalating insurance coverage prices is the obscene quantities insurance coverage firms spend on promoting their merchandise. (“Obtained an condominium and wish some renters insurance coverage? Be ready to pay extra,” Dec. 27)
Spending lots of of hundreds of thousands of {dollars} on multi-millionaire pitchmen to hawk its merchandise whereas concurrently elevating charges is a transparent illustration of greed run amok. The business’s good-neighbor-slogans belie its intent to fleece its clients at each flip.
Invoice Waxman, Simi Valley
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To the editor: State Farm canceled the coverage on my Mid-Metropolis condominium constructing after 30 years of protection. This was after by no means even submitting a declare. The corporate is outwardly getting out of the enterprise of insuring condominium buildings, no matter location.
Your article on the issues of renters getting condominium protection was solely half of the story. As an proprietor of a small “mother and pop” constructing, I used to be capable of get a brand new coverage that value 3 times as a lot as my outdated one.
The place is the outrage from the state Division of Insurance coverage when a significant provider is declining to do enterprise within the metropolis of Los Angeles and the price of protection will increase astronomically? I do know I will likely be voting for an additional insurance coverage commissioner.
Steven Pokress, Santa Monica
