I made an angry phone call about our homeowners insurance going up $150 dollars this coming year. The agent's calm reply was: "Insurance rates are increasing across the board right now especially in Texas"
Apparantly, rising fuel costs and rising everything else costs is driving up construction costs - so the replacement value of our home has increased. Its going to cost more to insure the home that has most likely lost value in this market. So is $851 a year ok for a homeowners insurance premium? I did some shopping and couldn't really find anything better for decent coverage and I just got an offer from Allstate for $1120 a year - which makes my company look ok. I don't mean to pry but am I getting ripped off? What do you guys think?
2 comments:
I wish mine was 850, that's a bargain. I guess when you live in hurricane alley like we do, rates rise. It's double what we were paying in the beach. Mine is like 1300 a year, but I had a quote from all-state at 2400. Have you tried local area companies, not just the big dogs?
Ours is more than that but it all depends on the size of the house etc....so I would say that is good!
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