Anyone else seeing crazy increases to homeowner's inusrance?

A friend said his son's rent house insurance jumped 39%.

He called and they said inflation/cost of materials were the main reason.

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but they're claiming it's the increase in cost of materials etc

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That’s bullshite. That extra cost is why you have the automatic inflation guard that increases coverage amount each year. Much of the increase is them sticking it to us due to the hurricanes.

That said, I have USAA and am very happy with my two claims over the past year.

Thanks Sleepy Joe

Our Liberty Mutual policy jumped up a little over 35% in 2020, and our only previous claim we’d made was in 2003, 17 years prior. We switched to Allstate and our premiums are much lower, but we did see a recent increase, I think 10%. I think the Liberty Mutual jump seemed so crazy that I barely noticed this increase.

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We switched to Allstate and our premiums are much lower

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As a former Allstate employee, that is truly shocking.

Maybe because we also have our car insurance there? It’s probably a normal price, but Liberty Mutual was so outrageous it is low by comparison.

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We switched to Allstate and our premiums are much lower

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My parents have had Allstate for over 40 years
They fricked them on their roof after Ida & ended up coming out of pocket for it

There is a potential tsunami building and I do not understand how economist are not seeing it. Maybe they are and they are trying to downplay it to prevent a quicker escalation.

I do not see how we avoid a bigger economic collapse than 2008 in the direction we are headed. Inflation increase, cost of living increase, housing cost increases. Meanwhile we have woke corporations driving employees out of work and political policies incentivizing unemployment.

The carter run 1970's is going to look like a boom compared to how Biden is leading us on a downward spiral. All these factors I speak of will compound and escalate on each other to make it harder to avoid a meltdown.

Dumped by every single carrier in Pcola fl.
With no major claims in 20 years.
Having to go with state backed insurance CorFL.

I've spoken with USAA and they are claiming the same thing. My house went from $700,000 to $950,000 (rebuild plus contents) in a fricking year. Unreal.