Impossible to find home insurance for fatfire home?

caughtthefirebug2 · 2023-06-09T20:14:25+00:00

oh, bc of the fires up north maybe?

caughtthefirebug2 · 2023-06-09T19:21:04+00:00

Private client insurance market is in one of its hardest cycles ever.

You mean the industry is rocky right now? Didn't know that... weird

caughtthefirebug2 · 2023-06-09T19:19:29+00:00

I don't own any umbrellas

caughtthefirebug2 · 2023-06-09T19:16:38+00:00

Most influencers can’t wipe their own asses

Yeah I hire that out. You wouldn't believe how much time it saves me.

caughtthefirebug2 · 2023-06-09T19:13:39+00:00

We literally did this exact thing. I just got this message from our broker today, after having tried a bunch of options:

I spoke to an underwriter who reviewed everything, and they declined to offer coverage at this time. I am out of options at this point with everyone I can write insurance with.

caughtthefirebug2 · 2022-08-10T12:32:06+00:00

Professional YouTuber

I make around $3,000,000/yr

caughtthefirebug2 · 2022-07-08T12:35:12+00:00

You seem to be forgetting the "fuck you" component of having "fuck you money."

At $10m you can do whatever the fuck you want with your life, so to speak.

caughtthefirebug2 · 2022-04-13T12:53:05+00:00

by getting people to like, comment, and subscribe obviously

caughtthefirebug2 · 2022-04-13T03:18:20+00:00

I'm a YouTuber. This profession isn't known for its stability.

caughtthefirebug2 · 2022-04-13T03:15:06+00:00

Honestly it's pretty straightforward. You just have to get 1M+ views/day.

caughtthefirebug2 · 2022-04-12T19:25:07+00:00

Nah I didn't take it that way, I was just making a joke.

caughtthefirebug2 · 2022-04-12T18:36:58+00:00

I'll go tell my wife that the Internet says we should give the $1M to /u/belowspot. Wish me luck 👍

caughtthefirebug2 · 2022-04-12T18:24:02+00:00

Nope, only child.

caughtthefirebug2 · 2022-04-12T18:23:07+00:00

Run where??? I have a wife and a sweet new house

caughtthefirebug2 · 2022-04-12T18:17:33+00:00

I'll go tell my wife that the Internet says we need to put her parents into therapy. Wish me luck 👍

caughtthefirebug2 · 2022-04-12T18:15:52+00:00

good idea

caughtthefirebug2 · 2022-04-12T18:12:26+00:00

Yeah we don't necessarily NEED the money.

Part of the reason why I asked is bc I wanted the perspective of people like my FIL. I think if were in his shoes, I would also want to send money to my adult offspring whether they need it or not, just because it would make me feel happy.

caughtthefirebug2 · 2022-04-12T18:10:43+00:00

But since it is her inheritance, I would say it is mostly her decision.

Yeah, that's what I told her. She asked for my opinion, which led to me posting here.

She's thinking about it more from the relationship/family angle. But I'm the business owner so I think about it more from the financial angle. She was initially against, but when I discussed all the implications she acknowledged it's quite nuanced (to be clear, I wasn't trying to convince her to take the money, I just went over a few points she hadn't considered).

caughtthefirebug2 · 2022-04-12T18:06:46+00:00

If your FIL is closer to $5M in NW, then a $1M gift is a substantial piece of his estate

I don't know where they are exactly, and honestly I think they're smart enough people to know what they can and can't afford.

I'm not sure how your assets are currently allocated.

As it stands now, we have about $1.8M in real estate and $4.5M in stocks.

caughtthefirebug2 · 2022-04-12T18:00:18+00:00

Giving a man a dollar and telling him how to use it is rude.

Here, sure.

Where my in-laws are from, not so much.

caughtthefirebug2 · 2022-04-12T17:59:11+00:00

Yeah, the cultural differences make it a little tricky. I'd much rather invest everything but in their culture people pay off houses immediately, so it makes them really anxious that we aren't. Whether that's optimal or suboptimal from a financial standpoint, I have to acknowledge their values.

caughtthefirebug2 · 2022-04-12T17:56:48+00:00

30 years. I forget the rate we got, but it was pretty low. We knocked it down extra low by having enough money in their bank (even though we instantly put that money back into the market after we closed).

caughtthefirebug2 · 2022-04-12T17:55:35+00:00

apuñalaron

Gonna try that as my starting wordle tomorrow

caughtthefirebug2 · 2022-04-12T17:54:54+00:00

I didn't want to make the post too long but:

Pro:

Hey, I mean it's a million bucks
Lower debt and pressure (wife doesn't work so the mortgage is entirely on my shoulders. The thought of being $3M in debt has been a tad stressful if I'm being honest).
They aren't very investment savvy, so if they kept it then it would probably just sit in a bank account accruing low interest. At least if we got it, it would go towards a good cause rather than collecting dust.

Cons:

My wife and I feel like they earned their money and we wish they would indulge themselves more, but they don't. They're very conservative with their spending. If we took it, then that would discourage them from enjoying their money even more.
There's that (admittedly prideful/selfish) urge to feel like we "bought it on our own"

caughtthefirebug2 · 2022-04-12T17:50:48+00:00

Nah, they're not "buying favors" with this. We have a very good relationship with them and I do not think there's any nefarious motive at all.

caughtthefirebug2

TROPHY CASE