The Northeast may be in for another shocker, homeowner insurance increases and in some areas none could be available. I went through hurricanes Francis,Jean(2004) and Wilma(2005) here in SE FL. My homeowners jumped from about $850 per year to $4450 per year. Then you’ll have the power companies asking for increases for all the repairs needed. When the lights go back on, it’s not over.
“The Northeast may be in for another shocker, homeowner insurance increases and in some areas none could be available. I went through hurricanes Francis,Jean(2004) and Wilma(2005) here in SE FL. My homeowners jumped from about $850 per year to $4450 per year.”
Actually, they did increase the homeowners insurance in New England 3 years ago with the justification that the area was overdue for a hurricane. I am quite sure the insurance companies will bank on everyone forgetting that increase, plus last years increase, most likely due to Irene, and just increase it again.