I didn’t pay much attention to mine when it renewed early this year, it always goes up but never dramatically. That may change though.
I’m reading horror stories about Florida and also some of the other Gulf coast states concerning homeowners insurance.
Florida especially, where it became a crisis with insurers dropping out and those that remain raising rates exponentially.
They always have had it bad due to hurricanes, but apparently a big part of the problem is storm chasers. These are the guys who come around and offer to inspect your house for damage and then help you get a new roof, siding etc courtesy of your insurance company other than your deductible.
They file lawsuits and make it near impossible for insurance to deny the claims, and it was financially ruining the insurance companies so many are just closing up shop in Florida. Those that remain charge a fortune.
I know these storm chasers are all over, I’ve found cards and flyers from them on my door. A buddy of mine was boasting about the near free roof, siding, and garage door he got a few years ago after storm chasers knocked on his door.
Everybody might want to think twice about taking these guys up on their scheme, it’s screwing things up for a lot of people and you are participating in a shady scheme when you get a new roof and siding this way.
https://www.wbur.org/onpoint/2022/05/03/inside-floridas-property-insurance-crisis

Trumpy Bear sent me a million dollars and a ton of linked up ammo for my MG-42. Seig Heil!!!!!!!!!!!!!!!! or MAGA!!!!!!!!!!!!!!, something like that..............

Way to post in the general section, goofy.

The cost of wood went up 2 to 4x pre pandemic prices and other material has gone up also so that probably accounts for a fair bit of it. But watch higher insurance rates not come back down when prices level off and go back to normal

The cost of wood went up 2 to 4x pre pandemic prices and other material has gone up also so that probably accounts for a fair bit of it. But watch higher insurance rates not come back down when prices level off and go back to normal

Do you really think insurers want to lose good existing customers by keeping rates artificially high? Because that's what would happen if they did. It costs a lot more $$ to acquire a good new customer than to keep a good existing customer. They want you to stay. Insurers want those costs associated with acquiring new customers to drive growth, not to replace customers they've lost.

You'd think that was true. However, I mentioned my insurer thought my roof was 17 years old when renewal time was approaching. I reviewed my particulars and got that corrected to the 1 year old date my roof actually was. The funny part, not haha funny, was that my roof got replaced do to hail damage, which that same insurer paid for. So they already new the age of my roof, but chose to not charge me that rate unless I found out and fixed it. This from an insurer that likes to talk about their customer service.

So yeah, they are happy charging artificially high rates unless you catch them at it.