So I check my mail and all of a sudden my home insurance is increasing... for years it has remained the same, but now they claim that the cost to replace or rebuild my home in my area (central Texas) is higher...
or really? I call BULL$HIT.
I think my insurance company (Farmers) is seeing its bottom line go negative due to all the insurance claims in Houston and Florida and looking to make up for the loss by increasing rates on everyone else, but claim it as increase in costs in my area... what a load of lies.
this story from USA today:
"It’s not a recoupment mechanism; it’s not about setting premiums to offset last year’s policies," says Mike O'Malley, senior vice president of public policy for the association.
Because of insurers' preparation for extreme weather and the competitive nature of the insurance marketplace, Ted Nickel, president of the National Association of Insurance Commissioners, isn't forecasting higher insurance costs for consumers either.
what a load of crap.
watch your insurance guys... its gonna go up to make up for the losses.
think its time to go insurance shopping.
showing a preference will only get you into trouble, 90% of everything is crap...