Homeowner insurance 100% increase

[Grumps21]

Either that or fat-fingered an extra zero, which would make sense….

 

[SA_Steve]

I'm wondering about the current/future life insurance premiums given the recent years' claims. Up until 2 years ago rates were steadily declining.

Life insurance payouts have been up lately, well after the covid virus kill off. Up beyond the actuary predictions that drive their business. Probably not due to street drug deaths, those users are not heavily insured.

 

[69ChevelleLSX]

At $30K/yr premium you’ve got a commercial policy of some type, not a standard auto/home policy.

I do have a commercial policy. homeowner, auto, classic car, and health. Health is most of that.

 

[toddnjoyce]

I do have a commercial policy. homeowner, auto, classic car, and health. Health is most of that.

No, you don’t have a commercial policy. You have standard auto and property policies and you have separate health insurance that you’re taking a bath on, especially if that’s for a HDHP and none of that is HSA.

Or you want a gold plated health plan and don’t need it.

 

[69ChevelleLSX]

No, you don’t have a commercial policy. You have standard auto and property policies and you have separate health insurance that you’re taking a bath on, especially if that’s for a HDHP and none of that is HSA.

Or you want a gold plated health plan and don’t need it.

I own a HVAC company, so I’m sure what I have..unless you know more about my insurance then I do..

 

[toddnjoyce]

I own a HVAC company, so I’m sure what I have..unless you know more about my insurance then I do..

Then I still stand by what I said. If $24K of your $30K in total premiums for all your insurance is for health insurance, nothing else is out of line.

You’re getting hosed in your health insurance.

 

[69ChevelleLSX]

I agree I’m getting hosed on health insurance. That’s Obamas fault.
I’ve called around everyone is charging close to the same. I have Blue cross blue shield. Sad thing is we’ve never used it and don’t take any medications. Even if my wife gets it through the school district it’s the same price.

 

[Tnhawk]

FJB

and hussein obama too!

 

[toddnjoyce]

I agree I’m getting hosed on health insurance. That’s Obamas fault.
I’ve called around everyone is charging close to the same. I have Blue cross blue shield. Sad thing is we’ve never used it and don’t take any medications. Even if my wife gets it through the school district it’s the same price.

Ever looked at a cost sharing program like CHM?

 

[OutlawStar]

When the appraised value of a home increases 100% or more, the insurance rate will follow. After my last appraisal. I filed an appeal which was denied. If the assessor sets a value of a property, they should be willing to pay that value for the property.

Across the Country, rates are going up as the result of the actions of biden and his administration.

No, biden and dems have little to do with insurance rate spikes. Inflation isn't helping but its also not causing a 100% increase in some policies. It has more to do with the monster of an industry the insurance companies facilitated, increase in materials and labor rates, and scope of repairs. Not to mention lawsuits to repair every blemish in a house and make everything better than it was the day before a loss. You can see my posts outlining in greater detail why prices are increasing and I promise you it has very little to do with biden and democrats, home appraisal values, assessors, or home sale prices.