Hi everyone ,
I opened my policy renewal this morning and got a big shock on the policy increase of $145 but when I read my policy they have increased the value of our home by $231,000 .How do they get these values?Realistically i think the value they have is probably $150,000 more than I would get if I sold it tomorrow.
Home Insurance Renewal
Moderator: Mark T Serbinski CA CPA
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Re: Home Insurance Renewal
It's the whole ****** world economy. They increased the estimated cost of houses due to the rise in the price of building materials. Hang on, man.
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Re: Home Insurance Renewal
Indeed, all insurance agents have increased the cost of insurance due to the rise in the price of everything that could rise in price. Insurance companies have always been very enterprising, and of course, the global situation could not but affect the cost of insurance. So I'm not surprised at all. Now I think real estate will quickly increase in value, so do not rush to sell your house. I'm thinking now that they can cancel some points of insurance policies. For example, it was previously unclear whether pool leaks were covered by homeowners insurance https://www.agilerates.com/home-insuran ... -premiums/, and now there is probably no chance of covering these expenses with insurance.
Re: Home Insurance Renewal
Thanks for spamming this forum. Very original to fake three names so that you could advertise some website.
Get lost.
Get lost.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
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Re: Home Insurance Renewal
Now, because of inflation, prices are rising because, in fact, money is depreciating. We will all pay more and more for insurance services, unfortunately.
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Re: Home Insurance Renewal
Ibetyoulookgood1 wrote:
> Now, because of inflation, prices are rising because, in fact, money is
> depreciating. We will all pay more and more for insurance services,
> unfortunately.
Now, because of inflation, prices are rising because, in fact, money is depreciating. We will all pay more and more for insurance services, unfortunately. The other day I was thinking about insuring my life and found an article on https://www.lifeinsuranceblog.net/5-mil ... licy-cost/, where I read about how much an insurance policy costs. Well, it's sad for me to read this, but you won't change anything, my friend. Of course, you can contact an insurance agent and ask this question, but I don't think you will succeed...
> Now, because of inflation, prices are rising because, in fact, money is
> depreciating. We will all pay more and more for insurance services,
> unfortunately.
Now, because of inflation, prices are rising because, in fact, money is depreciating. We will all pay more and more for insurance services, unfortunately. The other day I was thinking about insuring my life and found an article on https://www.lifeinsuranceblog.net/5-mil ... licy-cost/, where I read about how much an insurance policy costs. Well, it's sad for me to read this, but you won't change anything, my friend. Of course, you can contact an insurance agent and ask this question, but I don't think you will succeed...