JetBlue’s Future

[HeyEng]

Mildly related but I was talking about this yesterday with my CA when home ownership came up and how expensive it can be. As much uncertainty as there is, we’re incredibly lucky. Our AC unit is probably at the end of its life and if it went out it would be “ugh, that’s annoying” and probably cutting a check begrudgingly. For the average person that would be financially catastrophic.

We recently replaced our roof which was about 13 years old...getting real close to aging out. We had a hail storm that came through and trashed the roof and USAA wrote a $72,000 check to replace it. I hated filing a claim (first one ever in my life), but I have to admit...writing a check for that amount would have been painful.

 

[///AMG]

We recently replaced our roof which was about 13 years old...getting real close to aging out. We had a hail storm that came through and trashed the roof and USAA wrote a $72,000 check to replace it. I hated filing a claim (first one ever in my life), but I have to admit...writing a check for that amount would have been painful.

Why do you hate filing a claim??

 

[Cushion Rider]

We recently replaced our roof which was about 13 years old...getting real close to aging out. We had a hail storm that came through and trashed the roof and USAA wrote a $72,000 check to replace it. I hated filing a claim (first one ever in my life), but I have to admit...writing a check for that amount would have been painful.

Wow.....$72k for a roof? Must be a lot of surface area and tiles or fancy shingles. My house in TX was $42k, but it did have the very thin composite shingles.

Lucky for you, the hail storm came just as the roof was aging out. And, nice that USAA ponied up!

For $72k, file the claim (not sure what your premium might do going forward). Good on you. Nice!

 

[CoffeeIcePapers]

Why do you hate filing a claim??

There are only a few companies who will insure homes these days. You risk getting dropped or paying huge premium.

 

[Richman]

Wow.....$72k for a roof? Must be a lot of surface area and tiles or fancy shingles. My house in TX was $42k, but it did have the very thin composite shingles.

Lucky for you, the hail storm came just as the roof was aging out. And, nice that USAA ponied up!

For $72k, file the claim (not sure what your premium might do going forward). Good on you. Nice!

First of all, the insurance-contractor circle is ridiculous. People will figure out what the max extent of your insurance will pay, and charge that.

Understand that, and you understand the basic economics of every failing plan behind insurance, health or otherwise, as well as why universities are in the same category as health care insurers.

Second…if I was king for a day, and thank your personal gods that this will never happen, I would make school loans fully dismissible in bankruptcy, and make the institution that sponsored the loan responsible for the resulting subrogation.

That aside, building codes can be a beotch. After Andrew, Florida coastal building codes went nuts. A tiny 2000 sqft home was running about $40k to replace with nothing special. Anything tile related would be $60+.

Want to save money? Move away from the coast. Duh.

 

[jtrain609]

First of all, the insurance-contractor circle is ridiculous. People will figure out what the max extent of your insurance will pay, and charge that.

Understand that, and you understand the basic economics of every failing plan behind insurance, health or otherwise, as well as why universities are in the same category as health care insurers.

Second…if I was king for a day, and thank your personal gods that this will never happen, I would make school loans fully dismissible in bankruptcy, and make the institution that sponsored the loan responsible for the resulting subrogation.

That aside, building codes can be a beotch. After Andrew, Florida coastal building codes went nuts. A tiny 2000 sqft home was running about $40k to replace with nothing special. Anything tile related would be $60+.

Want to save money? Move away from the coast. Duh.

View: https://youtu.be/rMjjsjNBS_4?si=pFM52qVnDe6VhKjr

 

[Skåning]

Those numbers are atrocious, but nobody is talking about the perilous situation American finds itself in.

American Airlines Dropped From The Dow Transportation Average After Long-Term Decline - View from the Wing

American Airlines has now been dropped from the Dow Jones Transportation Average, two years after being kicked out of the S&P 500. Its stock price had fallen so far that it carried less than 0.5% weight in the price-weighted index — while Delta, United, Southwest, and even Alaska remain.

viewfromthewing.com

 

[Kingairer]

Stock market performance at AA has underperformed and they havent made as much money as they should have when times were (are) good, but theybe been profitable, so I do not consider them in a "perilous" condition at the moment. We'll see how Don Cheetos war treats AA, but they have plenty of liquidity and have paid down a huge amount of debt to bring it to a more manageable level.

 

[HeyEng]

Wow.....$72k for a roof? Must be a lot of surface area and tiles or fancy shingles. My house in TX was $42k, but it did have the very thin composite shingles.

Lucky for you, the hail storm came just as the roof was aging out. And, nice that USAA ponied up!

For $72k, file the claim (not sure what your premium might do going forward). Good on you. Nice!

I was pleasantly surprised that my premium went down more than 50% and that is probably because of the class IV shingles (just old school GAF asphalt; same as previously installed). Oh, and I forgot one of the supplements, so in the end, USAA wrote a check for $78K.

Looking at the paperwork, it was 68 squares for 6800 SF of surface area. The house isn't *huge* (3000 SF living area and 1000 SF garage // single story) but with a 12/12 pitch roof, well....that is a lot of shingles. It also included replacing ALL the decking (code upgrade), gutters/downspouts and about $10K for a large copper covered dormer.

Lots of folks had told me I would save money going with another company, but I have nothing but good things to say about USAA. They made the process way, WAY easy and well...not much else I can say, except I'm not changing carriers.

 

[HeyEng]

There are only a few companies who will insure homes these days. You risk getting dropped or paying huge premium.

I initially didn't want to file a claim because of the age of the roof and the risk of a denial being stuck on my CLUE report. We have a neighbor who is now paying through the nose for 3rd rate coverage because of too many inquiries about "will insurance cover XYZ?" and I am not in favor of that.

I knew if the claim was accepted, I wouldn't be subject to cancellation because of the "Act of God" clause/protection which basically gives me a freebie.

I had an idea that my premium would go down, but not as much as it did.

 

[jtrain609]

American Airlines Dropped From The Dow Transportation Average After Long-Term Decline - View from the Wing

American Airlines has now been dropped from the Dow Jones Transportation Average, two years after being kicked out of the S&P 500. Its stock price had fallen so far that it carried less than 0.5% weight in the price-weighted index — while Delta, United, Southwest, and even Alaska remain.

viewfromthewing.com

Yeah funny, I also saw that this morning and thought about my commentary about American.

 

[killbilly]

I was pleasantly surprised that my premium went down more than 50% and that is probably because of the class IV shingles (just old school GAF asphalt; same as previously installed). Oh, and I forgot one of the supplements, so in the end, USAA wrote a check for $78K.

Looking at the paperwork, it was 68 squares for 6800 SF of surface area. The house isn't *huge* (3000 SF living area and 1000 SF garage // single story) but with a 12/12 pitch roof, well....that is a lot of shingles. It also included replacing ALL the decking (code upgrade), gutters/downspouts and about $10K for a large copper covered dormer.

Lots of folks had told me I would save money going with another company, but I have nothing but good things to say about USAA. They made the process way, WAY easy and well...not much else I can say, except I'm not changing carriers.

USAA is a fantastic insurance company....

....and a relatively decent bank....

...and a right awful, horrible, mortgage company.