Home Insurance Question
How much have people's premiums increased this year? Mine increased from $700 to $960 per year for this renewal I know they're increasing for everyone this year, but 40% was higher than I was hoping the increase would be.
Apr 24th, 2014 8:00 pm
Apr 24th, 2014 8:44 pm
Apr 24th, 2014 9:13 pm
Apr 24th, 2014 9:57 pm
416 area code. For many years, my insurer kept on telling me that my area was high risk for basement flooding and they suffered some major claims as a result. I kept on telling them that my area is not flat and perhaps those in the lower areas are affected. However it is not fair to lump me in with that group since I am near the top of the hill. It's as if my neighbor's kid gets a drivers license and automatically I get an increase because of potential increased risk in the area. Each time they raised rates, I lowered coverage to keep the increase within affordability. Finally, they are tired of beating on me. But then again, they get a chance every year.
Apr 24th, 2014 10:10 pm