Quote:
Originally Posted by 2BNTV
I'm just curious if anyone has experience a dramatic increase in home insurance rates due to the inordinate amount of claims due to hurricane Irma.
I was quoted a $1913 rate, up from $1173, That is a 63.4% increase. 
I was also informed some insurance companies have gotten out of the home insurance market!
I was wondering if anyone is willing to share their insurance rates and with whom they have their insurance with.
Thank you in advance for your replies.  |
I regularly wonder why people ask here. First of all we do not know the age or the value of your home.
Insurance. The cheapest is not always the best. You can and should compare your policy to others. But, also pay attention to the quality of the company.
Reducing your cost of insurance. You can increase your deductible and thus you are self insuring a larger part of the loss.
Companies do not use the same actuarial table. One company may say your home, your address has a higher loss potential than another company does.
My logo is DAVE. Saying to an insurance company DAVE says I am paying too much or too little will surely get a laugh.