Holy Krikeys! Just Got my Home Owners Insurance Premium “Notice”……
- Thread starter joelbc1
- Start date
I recommend pulling your bootstraps up hard enough that you don’t really care and just write the check. You’re welcome.
Kinda dreading when mine comes up due November 1. It's gone up a steady (roughly) 10% each the last 3 years but something tells me this renewal is going to be worse.
Bidenomics? Or Covid supply shortages and a little corporate greed? Prices jumped hard very early in 2021 but have been on the up ever since 2008 and the mortgage crash. It’s a helluva lot more than “Bidenomics”….the Trump tax cuts were ill-timed and mis-=aimed…..
Our house insurance was going up significantly as well we increased our deductable from $1000 to $1500 to offset it, the premium increase was more than $500.
Our auto insurance through Progressive also jumped, after having them for 20 years and no claims in likely 15, they were increasing by 40% so we dropped them and went with Grinnell Mutual so we could bundle our house/auto.
Our agent said all home insurance companies were increasing premiums to offset the insane amounts of weather claims in recent years.
Our auto insurance through Progressive also jumped, after having them for 20 years and no claims in likely 15, they were increasing by 40% so we dropped them and went with Grinnell Mutual so we could bundle our house/auto.
Our agent said all home insurance companies were increasing premiums to offset the insane amounts of weather claims in recent years.
I have faith that an experienced inflation busting shopper like you can navigate these treacherous waters and emerge with a savings.
It’s interesting that contents of your dwelling in a large number of states is dictated at 50% of your home replacement value. So if replacement value of your home is 700k then you are forced to insure the contents for 350k. But, if you did lose all the contents in a disaster, you still have to prove you had 350k worth.
Show me anybody with 350k worth of stuff in their house.
Insurance companies own our state legislatures.
Show me anybody with 350k worth of stuff in their house.
Insurance companies own our state legislatures.
Probably will. My bride doesn’t have to eat every day…and certainly not 3 meals.
I have a house that is worth maybe $800 and the stuff inside would cost me $500 to replace. I have many hand made rugs, antique furnishings, and a decent art collection. Wife’s jewelry, and all my Iowa athletics ticket stubs are worth a mint.
Do you have your Iowa tix stacked and marked…..” offense” and “no offense”….??
A notable reinsurer, Grinnell Mutual, has lost near 20% of their surplus in the last two years. Their financials are online if you want to look. I work in the industry and reinsurance costs due to unprecedented storm activity is one of the largest drivers of the insurance market right now. How did you came to the conclusion that this was just an excuse?
Lawyers are BIG part of this problem, too. It's not just an increase in actual damage claims, adjusted for inflation. It's also an increase in litigation.
Thank you for your perspective.
It’s really not as much as you’re making it out to be. Does it add? Yes, but the sheer number of claims across the state due to things like derechos is staggering. If you were to actually look at a listing of paid losses for companies in Iowa from the early 2000’s, compared to now, you wouldn’t be making this argument.
I’m curious. Do you work in insurance? What is the basis for your perspective?
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Morons. What specific policies will Donald Trump implement to tame inflation?
Although actually inflation is already tamed with Bidenomics. We may have ended up with the stagflation that's afflicted other 1st world countries (see the UK) if the Republicans had been in charge the last 4 years.
We keep going through this cycle. Democratic President leaves economy in solid or excellent shape for Republican President, economy collapses under Republican President, Dem President cleans up the mess. Hopefully we're not going to have to go through that cycle again with Mr Tariff's, Mass Deportations, and tax cuts for the wealthy coming back into office.
Inflation has raised the price of materials and labor just like gas and groceries. Doesn't matter what caused the damage.
Global warming is the true driver. Big and more storms means bigger and more claims.
