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re: Anybody considering just dropping flood insurance with the rate increases?
Posted on 7/14/22 at 12:46 pm to Neauxla_Tiger
Posted on 7/14/22 at 12:46 pm to Neauxla_Tiger
quote:
probably wouldn't sweat it as much if my homeowner's, Auto, Electric, Grocery, gas and literally everything else wasn't simultaneously going through the roof.
Fair enough.
quote:
start re-evaluating what you really need and don't need
Don't need it, until you need it. Good luck!
2
Posted on 7/14/22 at 1:15 pm to TheWiz
quote:
Don't need it, until you need it. Good luck!
Yeah I know, I always say the same to others who consider dropping insurance. At some point though, premium increases no longer make financial sense for the coverage they provide. Question is where is that point for everybody? Tripling my premium over 5 years has me wondering.
Posted on 7/14/22 at 1:16 pm to TheWiz
I might keep it along with my South Louisiana earthquake insurance (it’s only $15/month) and the named Winter Blizzard coverage I picked up.
But for real, I cannot understand what FEMA was thinking with these increases. They were getting FREE money from a ton of customers who were very unlikely to flood.
But for real, I cannot understand what FEMA was thinking with these increases. They were getting FREE money from a ton of customers who were very unlikely to flood.
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