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Good luck to anyone in Southeast Louisiana with homeowners insurance

Posted on 4/11/22 at 5:28 pm
Posted by SelaTiger
Member since Aug 2016
18112 posts
Posted on 4/11/22 at 5:28 pm
Got my renewal in the mail today. It normally goes up 5% or so each year since getting it. 20% increase this time. Joe Biden can’t do anything right.
Posted by Slippy
Across the rivah
Member since Aug 2005
6598 posts
Posted on 4/11/22 at 5:29 pm to
Cry me a river. Mine went up 110%. I canceled and found coverage that was only $1000 higher per year. Of course, the new company is probably a piece of shite. I had no choice.
Posted by 4x4tiger
Louisiana
Member since Feb 2006
2966 posts
Posted on 4/11/22 at 5:31 pm to
Can't stand Brandon but probably has more to do with you living in a hurricane wasteland. You couldn't pay me to live in SELA
This post was edited on 4/11/22 at 5:32 pm
Posted by Rize
Spring Texas
Member since Sep 2011
15836 posts
Posted on 4/11/22 at 5:32 pm to
Just built a new house in 2020 and it went up $1000.
Posted by AUCE05
Member since Dec 2009
42574 posts
Posted on 4/11/22 at 5:33 pm to
I got a feeling some of you don't understand insurance and how they calculate risk.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 4/11/22 at 5:34 pm to
Damn

Didn’t realize the president set the insurance rate
Posted by LEASTBAY
Member since Aug 2007
14324 posts
Posted on 4/11/22 at 5:38 pm to
Mine went up 40%. Kept trying to get different quotes from my agent and nothing came close. Called another agent and got a much cheaper policy(basically the same) with the company I already had with previous agent.
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41721 posts
Posted on 4/11/22 at 5:40 pm to
Mine went up 9% after a $24,000 hail claim in April and a hurricane claim in August - both in 2021. USAA, baby!!!
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
19568 posts
Posted on 4/11/22 at 5:52 pm to

I’ve been lucky. Mine is the same this year as last.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 4/11/22 at 5:53 pm to
My flood went up another $8,000 per year on my vacation home.

Thats severely cutting into my profits from last year's claims.
Posted by cheobode
Member since Dec 2017
1176 posts
Posted on 4/11/22 at 6:02 pm to
Ours wasn't getting renewed so they priced out another company and it almost doubled. Shopped around a bit and ended up going with Liberty mutual for $200 more a year.
Posted by gizmothepug
Louisiana
Member since Apr 2015
6603 posts
Posted on 4/11/22 at 6:26 pm to
He’s a mess but he didn’t have anything to do with the hurricanes, and our home owners insurance said frick it and left Louisiana all together. Now paying more just like lots of people around here.
Posted by Mordecai225
Member since Mar 2017
137 posts
Posted on 4/11/22 at 8:23 pm to
20%? Mine more than doubled.
Posted by nes2010
Member since Jun 2014
6780 posts
Posted on 4/12/22 at 3:34 pm to
It's increasing pretty quickly across the nation. As someone said, rising home prices, material costs and other inflation is driving a lot of it. It's not just the gulf coast.
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