home owners ins rate hike?

[8mpg]

Same old story... last few years went from $950 > $1100 > $1250 >$1600. Never filed a claim

[flywise]

Insurance for lack of a better term is a risk pool...if there was no pool you would not have the option for insurance at all. You would assume the entire risk. So when your 200k house burned down and you still owed 150k on it.....you eat it
People should Quit whining about something they should appreciate

[drbonner]

This is my question......it goes up when they need it to, but will it go down when they don't need it?

Insurance is legal theft.

[drbonner]

Insurance for lack of a better term is a risk pool...if there was no pool you would not have the option for insurance at all. You would assume the entire risk. So when your 200k house burned down and you still owed 150k on it.....you eat it
People should Quit whining about something they should appreciate

You must be an insurance salesman

[drbonner]

Same old story... last few years went from $950 > $1100 > $1250 >$1600. Never filed a claim

And when you swap they will ask why....

[flywise]

Insurance is legal theft.

SELF INSURE. Why would anyone partake in something they see as an abuse?

[Mayhem]

My homeowner stayed the same, but my auto insurance went up for no **** reason.


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[flywise]

My homeowner stayed the same, but my auto insurance went up for no **** reason.


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There are a million reasons why it went up...Think Houston and floods

[Mayhem]

There are a million reasons why it went up...Think Houston and floods

I didn’t file a claim and actually have never filed a auto claim.

It’s a freaking racket.


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[drbonner]

SELF INSURE. Why would anyone partake in something they see as an abuse?

Bank requires that I have insurance. Not everybody can afford to pay cash for their house, thus borrowing money. So it’s safe to say I can’t afford to self insure either. It’s a matter of you need it, they have it and can charge what they want. At least I can shop around though.

[drbonner]

There are a million reasons why it went up...Think Houston and floods

People whose home didn’t flood shouldn’t be punished.

[8mpg]

People whose home didn’t flood shouldn’t be punished.

I agree.. I dont live in Houston or anywhere near the ocean.

[flywise]

Bank requires that I have insurance. Not everybody can afford to pay cash for their house, thus borrowing money. So it’s safe to say I can’t afford to self insure either. It’s a matter of you need it, they have it and can charge what they want. At least I can shop around though.

" They" have to get approval from the state to increase rates

[flywise]

Insurance for lack of a better term is a risk pool...if there was no pool you would not have the option for insurance at all. You would assume the entire risk. So when your 200k house burned down and you still owed 150k on it.....you eat it
People should Quit whining about something they should appreciate

Referr back to the above^^^^^

People whose home didn’t flood shouldn’t be punished.

[Stuck]

" They" have to get approval from the state to increase rates

And "they" send more money lobbying than any other organization.