re: Homeowner’s Insurance is collapsing in LA - UPC gone, Cajun now gone - rates up 40%

Most people don’t understand what home owners insurance is for. I think most think it’s like a warranty program. 20 year old roof starts to leak and insurance should pay for it. Slow leak rots floors insurance should pay for it. That’s not how it works.

But go up North somewhere.

The real deals are in North Dakota and Michigan.
Give her try

I had UPC. My agent is looking for a replacement with a week to go.

Louisiana is a direct action state, meaning the insurer can be sued directly and bypassing the insured. It hurts us who are legitimate and don’t go around suing everyone. We need reform.

Mine increased as much, too. And high contents coverage I don’t need with no option to customize. We are screwed.

The having your contractor buddy write inflated invoices done caught up.

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I pay $3500 yearly in property taxes, which burns my arse.

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so do I, roughly $1/SF on a residence.

No Problem.
Legislation to ban special interests lobbying, campaign contributions, lunch and dinner at Ruth's along with free LSU tickets.

Cajun may have put a hold on new policy issuance due to a massive backlog of new clients.
Situation is out of control and the current incentives along are not going to lead to a full resolution.

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This is way worse of a problem with homeowners insurance than suing. Louisiana residents, for some reason, have this massive mindset of “I pay for insurance, I should claim this $5,000 claim” but get all bent out of shape when their rate goes up or they get cancelled at the next renewal. Homeowners insurance is not meant to be a home maintenance program. Use it for major losses instead.

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The vast majority of South LA has had their roof / gutters / siding replaced in the last three years, due to claims.