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Posted by
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Did your home insurance not get renewed or premiums doubled?
Posted by PeteRose
on 3/23/22 at 12:47 pm
9
1Got a letter that it won't be renewed. The reason is "change is underwriting appetite". Trying to look for new policy only the premiums are close to doubled of last year's renewal. Indirect costs of Ida and inflation I guess.
Mine doubled (Geico subbed to Homesite) so I called Progressive. They quoted me UNDER what I was paying Geico. Got the new policy and they subbed it to... Homesite. LoL. Mortgage lender and Homesite were baffled and paid both policies. Took a couple of weeks to fix it all.
re: Did your home insurance not get renewed or premiums doubled?Posted by TigerintheNO on 3/23/22 at 1:04 pm to PeteRose
on 3/23/22 at 1:04 pm to PeteRosewho were you with?
Got a notice a few weeks ago that mine wouldn't be renewed. Never filed a claim and not in a flood zone. Never got a reason listed, just a notice from GMFS that progressive was dropping us.
Mine only increased about $150 a year because I’m not insured with a shite company that 95% of the public hasn’t heard of. I had a $20,000 hail claim in April and a $7,000 Ida claim in 2021.
This post was edited on 3/23 at 1:15 pm
re: Did your home insurance not get renewed or premiums doubled?Posted by PeteRose on 3/23/22 at 1:13 pm to TigerintheNO
on 3/23/22 at 1:13 pm to TigerintheNOLloyd’s London.
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re: Did your home insurance not get renewed or premiums doubled?Posted by HeadedToTheWoods 
on 3/23/22 at 1:13 pm to Loup
on 3/23/22 at 1:13 pm to LoupInflation had my house value to go up. In turn my insurance went up 33% or $100 per month. Hazard.
Thx Joe
Thx Joe
re: Did your home insurance not get renewed or premiums doubled?Posted by CorkRockingham on 3/23/22 at 1:26 pm to Loup
I believe progressive dropped every home that is 10 years or older. I may be mistaken. Don’t quote me.
Mine (USAA) went up 25% - I was shocked...then I got my new appraisal from the county tax assessor - then I was shocked again. I'm starting to think that Zillow has some kind of time machine.
re: Did your home insurance not get renewed or premiums doubled?Posted by samson73103 
on 3/23/22 at 1:32 pm to LEASTBAY
on 3/23/22 at 1:32 pm to LEASTBAYquote:
Went up about 2k. Company cited lumber prices.
Same here. frick Joe Biden.
re: Did your home insurance not get renewed or premiums doubled?Posted by LSUnation78 
on 3/23/22 at 1:33 pm to PeteRose
on 3/23/22 at 1:33 pm to PeteRoseDoubled for us
re: Did your home insurance not get renewed or premiums doubled?Posted by SirWinston on 3/23/22 at 1:40 pm to PeteRose
on 3/23/22 at 1:40 pm to PeteRoseIf the great reset ("you will own nothing and be happy") is real, one of the easiest ways for the elite to execute this would be jacking up insurance rates coupled with long-lasting inflation and / or stagflation.
re: Did your home insurance not get renewed or premiums doubled?Posted by Loup on 3/23/22 at 1:41 pm to CorkRockingham
on 3/23/22 at 1:41 pm to CorkRockinghamquote:
I believe progressive dropped every home that is 10 years or older. I may be mistaken. Don’t quote me.
That could be it, I'm in an old house.
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