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More pain coming for Louisiana property owners

Posted on 6/15/24 at 2:12 pm
Posted by RunninReb
Member since Feb 2023
382 posts
Posted on 6/15/24 at 2:12 pm
If you thought your last insurance renewal was rough, wait til you see the next one.

Louisiana has the overall worst insurance market in the country.

LINK
Posted by beerJeep
Louisiana
Member since Nov 2016
37660 posts
Posted on 6/15/24 at 2:15 pm to
You could, like, at the very least, pull a small quote from the article.

quote:

Louisiana already has the second-highest average rate for home insurers at $6,354 yearly, according to Insurify. But by the end of 2024, the state could see rates surge by a whopping 23 percent, Insurify projections indicate.
Posted by JasonDBlaha
Woodlands, Texas
Member since Apr 2023
3328 posts
Posted on 6/15/24 at 2:16 pm to
You’re basically paying FL level flood insurance rates without any of the amenities.

If you’re in Louisiana, and you’re towards the end of your career and about to retire, why the frick wouldn’t you just move to South Florida? Way more amenities, beautiful beaches, hotter women, and non-corrupt government leadership. Everything you could want.
This post was edited on 6/15/24 at 2:21 pm
Posted by Thundercles
Mars
Member since Sep 2010
6099 posts
Posted on 6/15/24 at 2:16 pm to
quote:

beerJeep

Appreciate you being a proper gentleman
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
72943 posts
Posted on 6/15/24 at 2:17 pm to
Louisiana was never intended to be mass inhabited by humans

Don’t complain about high insurance rates when so many economic resources are devoted to home repair.

Imagine a town where 100% of people have diabetes, and the residents are complaining about high premiums for health insurance

The fact is, the profit MARGINS that Louisiana home insurance firms earn is NOT higher than the national average.

You are confusing revenue and profit
Posted by Finch
Member since Jun 2015
3692 posts
Posted on 6/15/24 at 2:17 pm to
The entire insurance industry is made up of POS crooks. Doesn’t matter if it is health insurance or property owners insurance, they are the scum of the earth.
Posted by LegendInMyMind
Member since Apr 2019
70963 posts
Posted on 6/15/24 at 2:17 pm to
quote:

You could, like, at the very least, pull a small quote from the article.

Laziness is an epidemic with thread starting around this joint lately.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82004 posts
Posted on 6/15/24 at 2:18 pm to
Man I hope I only get a 23% increase. Would be my lowest annual increase in 3 years
Posted by saintsfan22
baton rouge
Member since May 2006
78070 posts
Posted on 6/15/24 at 2:19 pm to
Don't worry. We'll fix that issue with more internet porn restrictions.
Posted by TigerGman
Center of the Universe
Member since Sep 2006
13338 posts
Posted on 6/15/24 at 2:24 pm to
quote:

If you’re in Louisiana, and you’re towards the end of your career and about to retire, why the frick wouldn’t you just move to South Florida? Way more amenities, beautiful beaches, hotter women, and non-corrupt government leadership. Everything you could want.

Well, for starters, the food sucks.
Posted by BearCrocs
Member since Aug 2013
7851 posts
Posted on 6/15/24 at 2:27 pm to
Tell me how one of the poorest states in the country can support these massive price hikes.

Between private school tuition and insane home owner insurance, I’d be looking to move.
Posted by TigerGman
Center of the Universe
Member since Sep 2006
13338 posts
Posted on 6/15/24 at 2:30 pm to
quote:

Tell me how one of the poorest states in the country can support these massive price hikes.

Between private school tuition and insane home owner insurance, I’d be looking to move.


Dunno, but at least I don't have to learn how to speak Spanish...
Posted by thegambler
Louisiana
Member since Oct 2012
2011 posts
Posted on 6/15/24 at 2:32 pm to
There is not a bigger GD scam in american than insurance. All insurance companies are farkin shady like the saprsnos.

1 politicians
1a insurance agents
2 lawyers
3. Russian spies
Posted by Dragula
Laguna Seca
Member since Jun 2020
6365 posts
Posted on 6/15/24 at 2:36 pm to
quote:

Louisiana has the overall worst insurance market in the country.


Yeah but we are #1 in food and culture.
Posted by Fun Bunch
New Orleans
Member since May 2008
127675 posts
Posted on 6/15/24 at 2:39 pm to
Mine went down 3k for the first time in 5 years
Posted by BHS78
Member since May 2017
3351 posts
Posted on 6/15/24 at 2:40 pm to
Payoff your house and self insure
Posted by Ghost of Colby
Alberta, overlooking B.C.
Member since Jan 2009
14772 posts
Posted on 6/15/24 at 2:44 pm to
quote:

average rate for home insurers at $6,354 yearly, according to Insurify. But by the end of 2024, the state could see rates surge by a whopping 23 percent

I ain’t too good at the arithmetics, but that’s another $1,500 disappearing from our pockets.
Posted by slinger1317
Northshore
Member since Sep 2005
6799 posts
Posted on 6/15/24 at 2:45 pm to
Another reason this state sucks
A fat, dumb populace and corrupt politicians. But hey we have crawfish!

Once my youngest is out of the house we are packing up and leaving this shithole
Posted by FireawayLSU
Baton Rouge
Member since Nov 2023
1587 posts
Posted on 6/15/24 at 2:46 pm to
4 years 3 months and I’m out this 3rd world country.
Posted by WestSideTiger
Baton Rouge
Member since Jan 2004
4816 posts
Posted on 6/15/24 at 2:54 pm to
quote:

Louisiana already has the second-highest average rate for home insurers at $6,354 yearly

$6,354 yearly is the average? Is that accurate? I knew it was bad but not that high.
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