“Insurance rates are skyrocketing everywhere...”
Yeah, no lie! My homeowners/property insurance was $6k this year.
And if you have a mortgage, that means your monthly escrow payments go way up. And when you cut that check, it really doesn’t matter how much of it goes towards the loan, and how much goes towards the escrow, you still have to pay the full bill.
In in central Florida — mine at $ 9700.
But I 100% own so I am able to decline the windstorm coverage and pay $ 1300 for the year. 30 miles inland.