Home insurance.

[billanole]

Don't blame others for your problems. Pull yourself up by the bootstraps and get your ass to work. That's the American way!

Dayum! Bring the heat.

 

[RuthJames]

Regarding home insurance, I’d say reading the fine print is essential. I know it can be a bit of a headache, but it’s worth knowing what’s covered and what’s not.

For instance, some policies might not cover flood damage or certain natural disasters, so check that. Also, an independent assessment of your home’s value is a good idea so you're not underinsured.

If you ever find yourself in a challenging situation with property damage, a property damage lawyer might be able to help you out. They can guide you on how to deal with claims and get the compensation you deserve.

 

[NorthernHawkeye]

Just received the renewal notice for next year. Unbelievable rate increase. The increases these last few years is absurd.

 

[bhawk24bob]

House in Maryland went up 60% for next year, no claims

 

[seminole97]

House in Maryland went up 60% for next year, no claims

I just got my notice, my home insurance is 14% cheaper for next year than what I paid in 2020 (current coverage is for 33% more too)?

¯\_(ツ)_/¯

 

[bhawk24bob]

I just got my notice, my home insurance is 14% cheaper for next year than what I paid in 2020 (current coverage is for 33% more too)?

¯\_(ツ)_/¯

imo Baltimore City has reached the point where decades of half-ass utility work has turned the city into a tinder box, I lost count of how many fires we had in our neighborhood this year and that doesn't even account for the exploding manholes and underground fires that keep knocking out power downtown.

 

[1122melrose]

imo Baltimore City has reached the point where decades of half-ass utility work has turned the city into a tinder box, I lost count of how many fires we had in our neighborhood this year and that doesn't even account for the exploding manholes and underground fires that keep knocking out power downtown.

Seems like the insurance company has done their job and assessed the risk your house is in and adjusted rates for it. Just googled Payton's company and got this. "Based on our analysis, combined ratio for the first six months of the year was ~102%, a ~14-point improvement compared to the same period last year. That means they only paying out $1.02 for every $1 they take in on premium. Compared to $1.16 the year before. Was this due to less claims? Not likely, they adjusted the rates to reflect expenses.