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re: Welp - Got My Homeowners Insurance Renewal Today. 52% Increase in Premiums.

Posted on 1/3/24 at 12:33 pm to
Posted by Weekend Warrior79
Member since Aug 2014
16645 posts
Posted on 1/3/24 at 12:33 pm to
Before shopping it, compare your dwelling coverage for this year vs last year's policy. I had a huge policy jump on mine because they tried to jump my Coverage A up 50%. My broker was able to reduce it some (only 25% bump) but made a big dent in the premium increase.
Posted by lnomm34
Louisiana
Member since Oct 2009
12640 posts
Posted on 1/3/24 at 12:37 pm to
quote:

compare your dwelling coverage for this year vs last year's policy. I had a huge policy jump on mine because they tried to jump my Coverage A up 50%. My broker was able to reduce it some (only 25% bump) but made a big dent in the premium increase.


Dwelling last year: $474,200 - premium $2,550
Dwelling this year: $507,400 - premium $3,850

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