Homeowner insurance 100% increase
- Thread starter 69ChevelleLSX
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I got my home owners insurance bill
FJB!!! I have always viewed insurance as a pyramid scam. I guess I won't be changing my view anytime soon. Sure I own more so I pay more. I guess in Houston I got a deal for being in a combat zone.
I can tell you teacher pay hasn’t went up. Insurance companies are extortionists. I’m paying over 30k per year in insurance that I’ve never used.
Across the Country, rates are going up as the result of the actions of biden and his administration.
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.
TDI approved a 28% base rate increase for Home Owners Insurance. Add this to the increased value of your home, and the corresponding cost to replace/repair, your rate must increase to keep the 4% margin all insurance companies are looking for. You need to shop it every year. The companies that advertise on prime-time TV have the highest rates. Check out those that do not, like Amica, Germania, Hochheim Prairie, and the like.
At $30K/yr premium you’ve got a commercial policy of some type, not a standard auto/home policy.
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.
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.
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.
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.
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.
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?
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.
