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IS YOUR HOME INSURANCE OVERPRICED?  email this discussion to a friend?

myLot reputation of 98/100. 4MYGIRLS (5062) 6 years ago

MY HOME INSURANCE HAS JUMPED OVER 400.00 IN THE PAST 5 YEARS AND I HAVE NEVER HAD A CLAIM. HAS YOURS GONE UP THIS MUCH?

 

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frosthon (939) response was accepted on 1/13/2007.
denotes best response, click it to go to the best response.
tags:  insurance, family, home, income, price
 
1. myLot reputation of 91/100. frosthon (939)   6 years ago

Nowadays, i think prices for everything went up tremendously but only our income remain.
More people are working longer hours just to make ends meet.
More and more stress for everyone.
Mine of course went up too.

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2. myLot reputation of 97/100. cdparazo (3986)   5 years ago

My home insurance costs about $220 and I still think that is is reasonable. However, the insurance would remain constant in the next 5 years.


myLot reputation of 98/100. 4MYGIRLS (5062)  5 years ago

is that $220 a yr? mine is $830 a yr when i first got it i was only paying $430 a yr and every yr it seems to go up about $100. i have never had a claim and they use stupid excuses for raising it. like once they added mold coverage. then it went up because the cost of lumber went up. then it was the 9/11 episode.


myLot reputation of 97/100. cdparazo (3986)  5 years ago

Yes it is only $220 a year. It's pretty cheap actually and I think that your home is a lot bigger too to get such an expensive insurance since mine is just a 2-storey townhouse w/ 2 bedrooms.


myLot reputation of 98/100. 4MYGIRLS (5062)  5 years ago

nope not bigger. i have a small 2 bedroom house on 3 acres with a pole barn. the pole barn is included in the insurance.

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