I got a huge shock yesterday - my home insurance went up by 17% per month!
Ouch! I called and asked why and they explained that while there was a slight rate increase the biggest portion of the increase was due to rising replacement cost due to material cost.
The part that really got me was when I said, "oh, so since this is supposedly a temporary thing, when the material cost drops my insurance will drop too?" She said, "maybe ... maybe not" and did not elaborate.
Luckily for me a few months ago, I had some other costs drop by, ironically, the exact same amount. That makes me think, God sure knows what he's doing. Timing is perfect!
Ouch! I called and asked why and they explained that while there was a slight rate increase the biggest portion of the increase was due to rising replacement cost due to material cost.
The part that really got me was when I said, "oh, so since this is supposedly a temporary thing, when the material cost drops my insurance will drop too?" She said, "maybe ... maybe not" and did not elaborate.
Luckily for me a few months ago, I had some other costs drop by, ironically, the exact same amount. That makes me think, God sure knows what he's doing. Timing is perfect!
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