They just raised my house payment, beginning Jan 1, for more in the escrow. I refinanced to lower my payment and taxes and insurance went up last year. My house worth went up also. Irma came through here and I have a new roof.. insurance raises payments with one claim?
Escrow cash belongs to you and is not considered paid to your local government until they pay it.
insurance raises payments with one claim?”””
MY vehicle insurance has gone up considerably.
The Nevada legislature gave driver’s licenses to illegals 2 years ago & my insurance has climbed steadily since then.
The last accident I had was Oct of 1966-——last ticket more than 14 years ago—for seat belt.
I expect that my coming bill for MY property insurance will be much higher due to all the damages from all the hurricanes. ALL insurance companies pay into those damage claims & all of us help to keep everything afloat. ALL insurance companies ‘underwrite’ other insurance companies.