Wherein we discuss home insurance.

[Hoopsdoc1978]

Yeah, I know we have the Thompson thread but that’s about health insurance.

Yesterday, my home insurance provider kindly deducted 140 dollars more from my account than what my home insurance is actually supposed to cost monthly.

So I called them up and said what gives?

The guy told me that everyone is repriced once a year. My month to be repriced is December and my coverage went up 140(!!) dollars a month.

I told him that’s insane. I can’t afford that kind of increase.

He said it’s happening to everyone because the price of insurance of any kind is SKYROCKETING right now.

Has this happened to anyone else here? That is INSANE. I cant afford that kind of increase.

 

[Mas-sa-suta]

Yeah, I know we have the Thompson thread but that’s about health insurance.

Yesterday, my home insurance provider kindly deducted 140 dollars more from my account than what my home insurance is actually supposed to cost monthly.

So I called them up and said what gives?

The guy told me that everyone is repriced once a year. My month to be repriced is December and my coverage went up 140(!!) dollars a month.

I told him that’s insane. I can’t afford that kind of increase.

He said it’s happening to everyone because the price of insurance of any kind is SKYROCKETING right now.

Has this happened to anyone else here? That is INSANE. I cant afford that kind of increase.

My homeowners for '25 is $5,400.

 

[snarlcakes]

Yeah, I know we have the Thompson thread but that’s about health insurance.

Yesterday, my home insurance provider kindly deducted 140 dollars more from my account than what my home insurance is actually supposed to cost monthly.

So I called them up and said what gives?

The guy told me that everyone is repriced once a year. My month to be repriced is December and my coverage went up 140(!!) dollars a month.

I told him that’s insane. I can’t afford that kind of increase.

He said it’s happening to everyone because the price of insurance of any kind is SKYROCKETING right now.

Has this happened to anyone else here? That is INSANE. I cant afford that kind of increase.

Mine went up last year. It was somewhere around a 25-30% increase. That’s what happens when you shut down the world for a bad cold. The only rule in America is protect Boomers at all costs so they can finish bankrupting the nation.

 

[IUclover]

Yeah, I know we have the Thompson thread but that’s about health insurance.

Yesterday, my home insurance provider kindly deducted 140 dollars more from my account than what my home insurance is actually supposed to cost monthly.

So I called them up and said what gives?

The guy told me that everyone is repriced once a year. My month to be repriced is December and my coverage went up 140(!!) dollars a month.

I told him that’s insane. I can’t afford that kind of increase.

He said it’s happening to everyone because the price of insurance of any kind is SKYROCKETING right now.

Has this happened to anyone else here? That is INSANE. I cant afford that kind of increase.

Shop around. I switched my home/auto after the same thing happened to me over a year ago.

 

[UncleMark]

Yeah, I know we have the Thompson thread but that’s about health insurance.

Yesterday, my home insurance provider kindly deducted 140 dollars more from my account than what my home insurance is actually supposed to cost monthly.

So I called them up and said what gives?

The guy told me that everyone is repriced once a year. My month to be repriced is December and my coverage went up 140(!!) dollars a month.

I told him that’s insane. I can’t afford that kind of increase.

He said it’s happening to everyone because the price of insurance of any kind is SKYROCKETING right now.

Has this happened to anyone else here? That is INSANE. I cant afford that kind of increase.

Is this related to the big increase in home values?

 

[twenty02]

Is this related to the big increase in home values?

No it's related to the big increase in how much it costs to rebuild.

 

[Stuffshot]

Is this related to the big increase in home values?

And hurricanes.

 

[twenty02]

Yeah, I know we have the Thompson thread but that’s about health insurance.

Yesterday, my home insurance provider kindly deducted 140 dollars more from my account than what my home insurance is actually supposed to cost monthly.

So I called them up and said what gives?

The guy told me that everyone is repriced once a year. My month to be repriced is December and my coverage went up 140(!!) dollars a month.

I told him that’s insane. I can’t afford that kind of increase.

He said it’s happening to everyone because the price of insurance of any kind is SKYROCKETING right now.

Has this happened to anyone else here? That is INSANE. I cant afford that kind of increase.

Yes. Property insurance rates (home and auto) are up dramatically. It's actually the biggest driver of this months CPI inflation numbers.

My homeowners policy has roughly doubled in the last approx 6 years. And I've shopped it around, it's still the best I can get. Mine just renewed this month and is up about 18% from last year.

 

[twenty02]

And hurricanes.

In Indiana? No.

 

[CO. Hoosier]

No it's related to the big increase in how much it costs to rebuild.

And the cost to rebuild is driven by scarcity of skilled labor.
And scarcity in skilled labor is caused by . . . . . Many reasons.

 

[Hoopsdoc1978]

Shop around. I switched my home/auto after the same thing happened to me over a year ago.

Yes. Property insurance rates (home and auto) are up dramatically. It's actually the biggest driver of this months CPI inflation numbers.

My homeowners policy has roughly doubled in the last approx 6 years. And I've shopped it around, it's still the best I can get. Mine just renewed this month and is up about 18% from last year.

I shopped around earlier this year because I thought my OLD rate was to high. I couldn’t find anything that would beat it.

I guess I’m gonna have to do it again and hope for the best.

 

[mcmurtry66]

In Indiana? No.

Twenty. This little bitch is about ten minutes away from falling asleep. Then I’m going to head on down to Tupelo Mississippi

 

[mcmurtry66]

I shopped around earlier this year because I thought my OLD rate was to high. I couldn’t find anything that would beat it.

I guess I’m gonna have to do it again and hope for the best.

Do you have a mortgage? Is the house low risk? Could skip insurance an invest what you paid. Roll the dice but some people do it. It’s crazy but there are circumstances….

 

[twenty02]

Twenty. This little bitch is about ten minutes away from falling asleep. Then I’m going to head on down to Tupelo Mississippi

Enjoy. You going to binge it all tonight?

 

[twenty02]

I shopped around earlier this year because I thought my OLD rate was to high. I couldn’t find anything that would beat it.

I guess I’m gonna have to do it again and hope for the best.

A $140/mo increase seems pretty wild. $1700/yr.

 

[mcmurtry66]

Enjoy. You going to binge it all tonight?

No she’s got a bat mitzvah in the morning and I’ve got a game. Shit morning. I’ll get one in tonight then binge it late night tomorrow

 

[Hoopsdoc1978]

Do you have a mortgage? Is the house low risk? Could skip insurance an invest what you paid. Roll the dice but some people do it. It’s crazy but there are circumstances….

Yes, I have a mortgage. And yes, the house is low risk, afaik.

 

[mcmurtry66]

Enjoy. You going to binge it all tonight?

From my quick scan it looks like the murdaugh world meets the tiger king world. I.e. everything I love

 

[mcmurtry66]

Yes, I have a mortgage. And yes, the house is low risk, afaik.

Have to have it with a mortgage. There’s got to be an angle

 

[Hoopsdoc1978]

A $140/mo increase seems pretty wild. $1700/yr.

Went from 304 a month to 441 a month.

I’m just flabbergasted. I cannot fathom paying that much more for insurance.

I’m looking at having to cut back on essentials like groceries, alcohol, or heat.

 

[UncleMark]

Have to have it with a mortgage. There’s got to be an angle

Great big ass deductible?

 

[UncleMark]

Went from 304 a month to 441 a month.

I’m just flabbergasted. I cannot fathom paying that much more for insurance.

I’m looking at having to cut back on essentials like groceries, alcohol, or heat.

Heat is overrated.

 

[Hoopsdoc1978]

Do you have a mortgage? Is the house low risk? Could skip insurance an invest what you paid. Roll the dice but some people do it. It’s crazy but there are circumstances….

My in-laws house burned down back in the day and they weren’t insured. They literally lost everything and were reduced to accepting charity.

That will never happen to me.

 

[mcmurtry66]

My in-laws house burned down back in the day and they weren’t insured. They literally lost everything and were reduced to accepting charity.

That will never happen to me.

Oh man. Ugh. That’s horrible. Call around. Raise the deductible

 

[larsIU]

Yes. Property insurance rates (home and auto) are up dramatically. It's actually the biggest driver of this months CPI inflation numbers.

My homeowners policy has roughly doubled in the last approx 6 years. And I've shopped it around, it's still the best I can get. Mine just renewed this month and is up about 18% from last year.

20-22% yoy depending on who you believe. Auto up big. Car repair costs up 12%.

Sofi stock on the rise. Maybe my investment should be finding companies most likely to thrive in a high delinquency market.

 

[BadWakeboarder]

Yeah, I know we have the Thompson thread but that’s about health insurance.

Yesterday, my home insurance provider kindly deducted 140 dollars more from my account than what my home insurance is actually supposed to cost monthly.

So I called them up and said what gives?

The guy told me that everyone is repriced once a year. My month to be repriced is December and my coverage went up 140(!!) dollars a month.

I told him that’s insane. I can’t afford that kind of increase.

He said it’s happening to everyone because the price of insurance of any kind is SKYROCKETING right now.

Has this happened to anyone else here? That is INSANE. I cant afford that kind of increase.

Change provider. Now.

 

[BadWakeboarder]

I shopped around earlier this year because I thought my OLD rate was to high. I couldn’t find anything that would beat it.

I guess I’m gonna have to do it again and hope for the best.

Hire a broker. You don’t pay them anything. Worst thing that can happen is they can’t find you a good deal and you’re still out…nothing.

 

[Stuffshot]

In Indiana? No.

Hurricanes in Florida raise the price of construction materials (i.e. repair and replacement costs) everywhere. So the cost of repairing/rebuilding your home after a fire, for example, is affected by hurricanes far away.

 

[Mas-sa-suta]

Is this related to the big increase in home values?

Yes, replacement costs for materials and labor costs are driving the inflation of insurance and also property taxes.

 

[Cortez88]

A $140/mo increase seems pretty wild. $1700/yr.

I got hit by 3 increases over the last 4 years to the tune of almost $400 per month. Like others here, shopped around and couldn’t find anything cheaper.

And don’t get me started on auto with 2 teen drivers.

 

[All4You]

And hurricanes.

and wildfires

 

[Univee2]

Yeah, I know we have the Thompson thread but that’s about health insurance.

Yesterday, my home insurance provider kindly deducted 140 dollars more from my account than what my home insurance is actually supposed to cost monthly.

So I called them up and said what gives?

The guy told me that everyone is repriced once a year. My month to be repriced is December and my coverage went up 140(!!) dollars a month.

I told him that’s insane. I can’t afford that kind of increase.

He said it’s happening to everyone because the price of insurance of any kind is SKYROCKETING right now.

Has this happened to anyone else here? That is INSANE. I cant afford that kind of increase.

Check out Cincinnati Insurance. Our proposed increase from Safeco was obscene. Our Morgan Stanley guy said we should connect with his neighbor and friend who, while also repping Safeco had/has access to others. He came back with a combined (home/auto/umbrella) package from CI that not only was less than Safeco’s package but represented a reduction from what we had been paying prior to Safeco’s proposed increase. This also represented slightly superior coverage as well as added coverage for my bride’s new piano. Our new best friend says they also don’t fvck around with claims.