Home roof hail damage

[JTK]

If you do go through with this, consider what will happen if you need to file another claim in the next few years. I know my homeowner's insurance premiums have doubled over the past 4yrs. I live in a relatively low cost for homeowner's insurance area and have never filed a claim. I have shopped around and have had 4 different carriers over the past ~20yrs or so.

 

[MountainManDan]

As of 9 yrs back started seeing 24% , then 28% then 32% then 39 % then 42% then 55% Increases
They are Insane . .this was with 5K deductible . . Zero Claims !

We Fix everything - They Knew It !

 

[bdc101]

If you do go through with this, consider what will happen if you need to file another claim in the next few years. I know my homeowner's insurance premiums have doubled over the past 4yrs. I live in a relatively low cost for homeowner's insurance area and have never filed a claim. I have shopped around and have had 4 different carriers over the past ~20yrs or so.

I don't know what to do about it at this point honestly!

I moved into this house in 2018 and paid about $500/yr or maybe $600/yr at the time.

I have had no claims, have the same coverage but higher deductible, and shopped around 2 years ago and got the best rate I could find at the time ... this week the bill came in for next year and it is... $1,649 for the year

At this point I know it's probably gonna be $3,000 next year if I go through with it or not.

My buddy who worked at Farmers for 15 years told me it ain't getting better anytime soon either.

 

[JTK]

I don't know what to do about it at this point honestly!

I moved into this house in 2018 and paid about $500/yr or maybe $600/yr at the time.

I have had no claims, have the same coverage but higher deductible, and shopped around 2 years ago and got the best rate I could find at the time ... this week the bill came in for next year and it is... $1,649 for the year

At this point I know it's probably gonna be $3,000 next year if I go through with it or not.

My buddy who worked at Farmers for 15 years told me it ain't getting better anytime soon either.

I hear you. I paid $200K for my home in 2011. Insurance says it would cost $720K to replace it today, thus my ever increasing premiums. I'm decent with a dollar, but I'm not BITOG good by any means. LOL

 

[MountainManDan]

Everyone should Be saying what State Your In - as that's - Important . .

What I have seen since around Jimmy Carter - of which I been By His Home .. & have 12 Pack of Full of Billy Beer around here some place .. with Senior Retiring & Going Smaller - mean Insurance Corps seen some what less Funds , but they Jacked up all Auto's around this Time Line ..
The Storms Started Wiping Out Home Owners and Claims went Up so started raising prices every 3-4 yrs
The Fires Started in Calif then Other Places - Prices went up every 2yrs , then every 1yr - now in some states it's every 6 months ..
COMPUTERS GOT IN THERE ALSO ..
Anyhow all Fires & Storms - left real bad Taste in Owners Mouths with all Claims BS & Lawyers & up to 2 yrs .. settle .

They Rented or Got and RV - RV Population in this Country has Exploded - Mostly at same Time 50% Price Jacks Hit - 25 Million Seniors now 38 Millions Seniors said I'll Pass - See Ya !


% of UN-Insured has Doubled- Technically Insurance Corps - want to make More Money with Less Customer Base .
Priced ~ Folks Out of Market . .

Same is Happening with Health Insurance . . but Here where LINE should be STOPPED ..
All Insurance Corps that- Have any way Shape or Matter to do with Health - No Mater what Connection ..
Should NOT Be Listed on Stock Exchange . . We are NOT Cattle . .