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Anyone else's homeowners insurance go up drastically this year?
Posted on 5/20/18 at 2:46 pm
Posted on 5/20/18 at 2:46 pm
Mine went up ~35%, and I don't know why. I had a claim that replaced my roofing, but that was almost two years ago.
12
Posted on 5/20/18 at 2:48 pm to High C
Frick those greedy bastards. Worse than lawyers and used car salesmen.
Posted on 5/20/18 at 5:51 pm to High C
Everything is up drastically this year. It's call hyper-inflation.
Posted on 5/20/18 at 5:55 pm to High C
If your mortgage provider was surprised by an insurance increase last year, and had a shortfall, they’ll collect double the amount of the increase this year.
Posted on 5/20/18 at 6:01 pm to High C
I saw a thread about this very thing on here a couple of weeks back....apparently, it was pretty widespread.
Posted on 5/20/18 at 6:04 pm to High C
I called my agent a few weeks ago and he actually reduced mine. Just got a check $600ish bucks
Posted on 5/20/18 at 6:10 pm to High C
If its based on the price of materials, its well justified. Lumber is up 12% from 1/1/2018. Windows are up 8% in the same time. Concrete? It's ridiculous. Labor? fricking outrageous. We're at $6/ft for framing (includes cornices). Anything happens to your house it will cost 20% more to build it than it did in early 2017.
Edit - Obviously labor is market based.
Edit - Obviously labor is market based.
This post was edited on 5/20/18 at 6:12 pm
Posted on 5/20/18 at 6:11 pm to ItNeverRains
Thanks Donald?
Posted on 5/20/18 at 6:13 pm to High C
My fricking homeowners insurance goes up every year. Not 35%, but probably 10% a year at least.
Posted on 5/20/18 at 7:13 pm to bhtigerfan
Mine went up last year but stayed pretty much the same this year.
Posted on 5/20/18 at 7:28 pm to High C
The past couple of years have been bad for catastrophic losses for property and casualty insurance. Pretty much everyone is going up, and a lot are going up drastically. Claims filed for a catostropic event, ex. Hurricane, generally aren’t punishable, so to speak, to the policyholder so they’re just raising everyone’s rates.
Posted on 5/20/18 at 7:32 pm to High C
Home owners insurance, auto insurance, cable, and cell phones have to be shopped every 3-5 years on average. Companies don't give a shite about established customers. It's all about new contracts now.
Posted on 5/20/18 at 7:35 pm to PrivatePublic
I’d argue more frequently than that, but I agree with your point. It’s all about the new customers or “adds.” And somehow they still expect loyalty from the consumer when they disincentivize it.
Posted on 5/20/18 at 7:43 pm to High C
Had a 15% increase on house and 5% increase on vehicles. Haven't had a claim on either in quite some time.
Posted on 5/20/18 at 7:47 pm to bigberg2000
Thank Jim Donelon......... Never saw a rate increase he couldn't justify.
Posted on 5/20/18 at 8:15 pm to High C
I plan to shop insurance this week
Posted on 5/20/18 at 9:00 pm to High C
Suckers!!!
I dropped all my insurance
And saved a ton of $!$$.
You should do it, too
I dropped all my insurance
And saved a ton of $!$$.
You should do it, too
Posted on 5/20/18 at 9:15 pm to MNCscripper
quote:
I plan to shop insurance this week
:kkeepmepostedpic:
Posted on 5/20/18 at 9:19 pm to OweO
quote:
Had a 15% increase on house and 5% increase on vehicles
That includes ya “wheels”?
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