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Started By
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Did your home insurance not get renewed or premiums doubled?
Posted on 3/23/22 at 12:47 pm
Posted on 3/23/22 at 12:47 pm
Got a letter that it won't be renewed. The reason is "change is underwriting appetite". Trying to look for new policy only the premiums are close to doubled of last year's renewal. Indirect costs of Ida and inflation I guess.
17
Posted on 3/23/22 at 12:48 pm to PeteRose
Went up about 2k. Company cited lumber prices.
Posted on 3/23/22 at 1:03 pm to PeteRose
Mine doubled (Geico subbed to Homesite) so I called Progressive. They quoted me UNDER what I was paying Geico. Got the new policy and they subbed it to... Homesite. LoL. Mortgage lender and Homesite were baffled and paid both policies. Took a couple of weeks to fix it all.
Posted on 3/23/22 at 1:03 pm to PeteRose
Haven’t made a claim in almost 25 years of owning a home and my rate went from 2400 to 3900! Time to start shopping
Posted on 3/23/22 at 1:04 pm to PeteRose
who were you with?
Posted on 3/23/22 at 1:04 pm to FriscoKid
Mine when up about 70% so I shopped and found another company (the wife (no pics) did most of the work so I don't remember the name of the company)
Posted on 3/23/22 at 1:09 pm to PeteRose
Got a notice a few weeks ago that mine wouldn't be renewed. Never filed a claim and not in a flood zone. Never got a reason listed, just a notice from GMFS that progressive was dropping us.
Posted on 3/23/22 at 1:12 pm to PeteRose
mine doubled because they paid too many claims for the malt machine at McDonalds.
Wondering if this Will this affect crawfish prices?
Wondering if this Will this affect crawfish prices?
Posted on 3/23/22 at 1:13 pm to PeteRose
Mine only increased about $150 a year because I’m not insured with a shite company that 95% of the public hasn’t heard of. I had a $20,000 hail claim in April and a $7,000 Ida claim in 2021.
This post was edited on 3/23/22 at 1:15 pm
Posted on 3/23/22 at 1:13 pm to TigerintheNO
Lloyd’s London.
Posted on 3/23/22 at 1:13 pm to Loup
Inflation had my house value to go up. In turn my insurance went up 33% or $100 per month. Hazard.
Thx Joe
Thx Joe
Posted on 3/23/22 at 1:26 pm to Loup
I believe progressive dropped every home that is 10 years or older. I may be mistaken. Don’t quote me.
Posted on 3/23/22 at 1:28 pm to PeteRose
Mine (USAA) went up 25% - I was shocked...then I got my new appraisal from the county tax assessor - then I was shocked again. I'm starting to think that Zillow has some kind of time machine.
Posted on 3/23/22 at 1:32 pm to LEASTBAY
quote:
Went up about 2k. Company cited lumber prices.
Same here. frick Joe Biden.
Posted on 3/23/22 at 1:33 pm to PeteRose
Doubled for us
Posted on 3/23/22 at 1:36 pm to PeteRose
Mine increased from $1900 to $2500 for the renewal starting in April.
I expected worse after the horror stories.
330k replacement with 1% deductible, Baton Rouge.
I expected worse after the horror stories.
330k replacement with 1% deductible, Baton Rouge.
Posted on 3/23/22 at 1:38 pm to PeteRose
Mine went up 25%.
Never made a claim and not in a flood zone.
Used to have Farmer's but they dropped us after Gustav.
Posted on 3/23/22 at 1:40 pm to PeteRose
If the great reset ("you will own nothing and be happy") is real, one of the easiest ways for the elite to execute this would be jacking up insurance rates coupled with long-lasting inflation and / or stagflation.
Posted on 3/23/22 at 1:41 pm to CorkRockingham
quote:
I believe progressive dropped every home that is 10 years or older. I may be mistaken. Don’t quote me.
That could be it, I'm in an old house.
Posted on 3/23/22 at 1:46 pm to PeteRose
Mine didn’t get renewed because the insurer pulled out of the state completely.
I think they got fricked by multiple hurricanes last year.
I think they got fricked by multiple hurricanes last year.
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