Monday, March 24, 2008

Saturday, March 22, 2008

WTF - Wawanesa ?

When I lived in Northern California, I had AAA insurance for about $700 per year. Moving to San Diego in 1989 increased my rates to over $1000, and it kept going up. I soon switched to State Farm, the rate were better, the agent was a really nice guy, and they did a decent job fixing my 1986 Honda after a 1996 accident (not my fault). I then discovered low rates at Wawanesa. I paid about $400 for an entire year of coverage (was $720 at State Farm) on the 1999 Honda Civic I briefly owned (my father's car)

When I bought my 2004 Honda Accord the rate was $623 per year. This was not for minumum coverage either but for 250,000/500,000 liability, along with comprehensive and collision with $500 deductibles. I was happy. In 2005 rate went down to $600, then $582 in 2006, and up to $646 in 2007. I was not expecting much change for 2008. I had not received anything in the mail (yet), so I logged onto their site and checked:
MY NEW PREMIUM- $916 ?? A 42% increase - YIKES !!!

They were closed for Good Friday, so I could not call them, but it will be the first thing I do on Monday morning. I already went online and ordered a CLUE report, with nothing on it. Anyone can get one free from Choice Point under the FACT Act

Also went to California DMV site to get the form to request a copy of my driving record. Yes, I got a speeding ticket in Septemnber 2006 in Washington on vacation (first one since 1992), but it has little-to-no impact on my premium in April 2007.

Either there has been an error or Wawanesa was just too good to last :(

Sunday, March 09, 2008

Realty Check with Diana Olick -

"America’s borrowers are not children, and Mommy and Daddy Government shouldn’t be paying the candy store back for the Snickers bars so many borrowers snatched, never really intending to pay for. Let the market correct. Let home prices fall back to a level where good hard-working people can afford nice comfortable places to live. No pain, no gain."

Housing, Bernanke and Principal - Realty Check with Diana Olick -

Thursday, March 06, 2008

E*Trade Woes (and Another Reason to Use Fidelity)

I thought I made a donation to the URI Foundation by filling out the "CHARITABLE DONATION FORM" from the E*Trade website on February 22 and mailing it.

Called on February 29th and was first told I filled out the wrong form, then was told it was fine, it would get processed, and I would get a status update by phone on the 4th.

March 4th comes and goes, no call, so I call them on the 5th. This is when I find out I was lied to in the first call. Apparently the form was received on the 26th, coded improperly and sent off to the wrong department. If I had not called it might have stayed there forever ????

Anyway, was promised another return call, which I have not received yet.
Last week Exxon stock was around $88.50, now $84.50, so donation (and tax deduction) is now worth about $1200 less. Thanks E*Trade !!

I had an account with E*Trade many years ago, was not satisfied and closed it.
Ended up at E*Trade again after they acquired Harris direct (great firm!)
I should have known better !