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re: Welp - Got My Homeowners Insurance Renewal Today. 52% Increase in Premiums.
Posted on 1/3/24 at 11:54 am to teke184
Posted on 1/3/24 at 11:54 am to teke184
I'm surprised yours went up so much if you are in Zachary. I was expecting ours to be bad based on the threads on here, but it only went up a few hundred bucks.
0
Posted on 1/3/24 at 11:59 am to riverparish
quote:
Show me an insurance agent that isn't living high on the hog.
Most of them are broke. If insurance was easy, everyone would do it. Hard work makes successful agents.
Posted on 1/3/24 at 12:02 pm to Bucktail1
quote:
The agents don’t set the rates moron
Really??? I had no idea. Thanks for clearing that up.
No kidding they don't set it, but the rates are set so everyone can get a piece of the pie and get paid handsomely for it.
Posted on 1/3/24 at 12:02 pm to lnomm34
You do realize that they up your coverage every single year?
You may have bought the house and had it covered for $300k. 5 years later and they've upped it every year and now your covering a house that has a value of $320k for $500k.
You may have bought the house and had it covered for $300k. 5 years later and they've upped it every year and now your covering a house that has a value of $320k for $500k.
Posted on 1/3/24 at 12:08 pm to SquatchDawg
quote:
Happened to me too in SC and I’m not in a wind or flood zone.
Where in Carolina are you?
Posted on 1/3/24 at 12:09 pm to lnomm34
My property taxes went up 25% yoy. FJB and the demorat hellhole I live in.
Posted on 1/3/24 at 12:16 pm to Deplorableinohio
go to a 6 per cent deductible . Its a clear signal to the insurance company that you will not file frivolous claims
Posted on 1/3/24 at 12:18 pm to lnomm34
quote:
Renewal for auto came in as well. And it went up 10%.
Don't worry. Our new governor is tight with all the lawyers in town. I'm sure he's gonna ask them to knock it off a little bit.
Posted on 1/3/24 at 12:21 pm to TigerinATL
quote:
as well as lowered some coverage amounts where my agent said I was overinsured vs. the average
This is a big mistake. Who cares what the average is? Two thirds of people are underinsured any way. Remember new construction is running $180-$190 a foot right now. Thus, if you had a 2500 sq. ft. house burn down it will cost you $462,500 to rebuild it at minimum. That doesn't count tearing down and hauling off any remaining structure.
This post was edited on 1/3/24 at 12:29 pm
Posted on 1/3/24 at 12:22 pm to lnomm34
quote:
$3,956.13
Consider yourself lucky. I wish mine was only 4K. Where are you located?
Posted on 1/3/24 at 12:24 pm to danilo
quote:
Consider yourself lucky. I wish mine was only 4K. Where are you located?
Baton Rouge
Posted on 1/3/24 at 12:31 pm to riverparish
You really have no clue what you are talking about
This post was edited on 1/3/24 at 12:32 pm
Posted on 1/3/24 at 12:33 pm to lnomm34
Before shopping it, compare your dwelling coverage for this year vs last year's policy. I had a huge policy jump on mine because they tried to jump my Coverage A up 50%. My broker was able to reduce it some (only 25% bump) but made a big dent in the premium increase.
Posted on 1/3/24 at 12:35 pm to lnomm34
Both of mine went up.
Always worth getting new quotes. Citizens is always the cheapest it seems in south LA. If you aren’t with them, it’s worth looking around
Always worth getting new quotes. Citizens is always the cheapest it seems in south LA. If you aren’t with them, it’s worth looking around
Posted on 1/3/24 at 12:37 pm to Weekend Warrior79
quote:
compare your dwelling coverage for this year vs last year's policy. I had a huge policy jump on mine because they tried to jump my Coverage A up 50%. My broker was able to reduce it some (only 25% bump) but made a big dent in the premium increase.
Dwelling last year: $474,200 - premium $2,550
Dwelling this year: $507,400 - premium $3,850
Posted on 1/3/24 at 12:58 pm to riverparish
quote:
It's a racket. Insurance agents are the new ambulance chasers. Show me an insurance agent that isn't living high on the hog.
My agent just built a house in Squire Creek.
Posted on 1/3/24 at 1:02 pm to lnomm34
It’s laborious, but I shop all my insurance policies every two years. Gotta keep them honest.
Posted on 1/3/24 at 1:08 pm to secfballfan
quote:You can actually thank multiple hurricanes over a 3 year span. That and a Texas law firm that was committing generational levels insurance fraud in Louisiana.
Be sure to send a Thank you note to the Plaintiff's Bar for all this....
Then, while he was the AG, on the same day that our puppet governor received notice of their fraud, he received the largest possible campaign contribution from the managing parter of said firm. Then poof! no charges for said firm or partner.
Posted on 1/3/24 at 1:14 pm to PP7 for heisman
Mine went up $600 and last year went up $1000. Premium has doubled in just a few years.
Posted on 1/3/24 at 1:17 pm to lnomm34
This shite, more than crime and whatnot, makes more against staying here long term
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