Had hail damage to our roof back on April 15th (Central Texas). Insurance company is paying for a complete replacement (minus our 1% deductible - pretty standard here). My jaw hit the floor when I was the adjuster’s estimate. Gotta feeling this will eventually trickle down to insurance rates in the future. More inflation!
Just got my new bill for homeowner's last week, up 20% from last year, and we haven't had a hurricane in central FL since Irma in 2017; it's either the sloshing of stimulus money or the price of materials/labor, or both.
Insurance rates in Alberta are already climbing, and they’re charging more and insuring for less.
During the plandemic, people were losing their shirts, so there were many fires and other issues, so I was told by my broker that the companies are paying out for more than they’re bringing in, so hence the increase in prices. I said great. Others commit fraud and I have to pay for it. It’s insane how fast it’s jumping up, meanwhile nobody I know including myself are making any more per day or anything, so all that happens is the middle class keeps shrinking. That’s their goal anyways at the end of the day, but sometimes it happens without the elites direct involvement.
^^^ “was” the adjuster’s estimate? Should be “saw”. Not a good sign that I am reversing letters in a word and not catching it. :(
Had my roof replaced last November from an April 2020 hail storm. Same 1% deductible. Contractor and adjuster haggled a bit over certain things, but it ended up over $8500. And every hail storm we have in Texas drives the rates up. The
My homeowners shot up dramatically this year. Called my agent, and got it lowered due to the new roof. Could they do it automatically? No.