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Homeowners ins up $169?

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Coosie
So in love with my little boy!

Member since 1/10

1889 total posts

Name:

Homeowners ins up $169?

Does this sound right? I know everything goes up every year, but my homeowners insurance just went up $169 this year. There has been no changes - no additions, no claims, no nothing. I haven't called my rep yet b/c I wanted to get some feedback from you guys first if this sounds normal or not. TIA!

Posted 2/25/11 2:47 PM
 
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Linda1003
love my 2 boys

Member since 8/08

10923 total posts

Name:
Linda

Re: Homeowners ins up $169?

If you dont' mind me asking..which company.. I work for a company.. we increased rates b/c we havent' increased rates for years...so it was substantial?

Posted 2/25/11 3:02 PM
 

Coosie
So in love with my little boy!

Member since 1/10

1889 total posts

Name:

Re: Homeowners ins up $169?

State Farm

Posted 2/25/11 3:21 PM
 

Linda1003
love my 2 boys

Member since 8/08

10923 total posts

Name:
Linda

Re: Homeowners ins up $169?

hmmm..nope not the same co. their should be an explanation with your policy though. Good luck

Posted 2/25/11 3:30 PM
 

BaconCheeseburger
LIF Toddler

Member since 11/10

448 total posts

Name:
Meghan

Re: Homeowners ins up $169?

It was an across the board rate increase.

Posted 2/25/11 3:31 PM
 

Coosie
So in love with my little boy!

Member since 1/10

1889 total posts

Name:

Re: Homeowners ins up $169?

Posted by BaconCheeseburger

It was an across the board rate increase.



With every ins co?

Posted 2/25/11 4:28 PM
 

HeatherRose
Life is Good :)

Member since 11/07

6605 total posts

Name:

Re: Homeowners ins up $169?

I'm with utica and mine went up $440 for the year. I have to call them to tell them about some updates we made including all of the elctrical and electric box, a new kitchen, the removal of a fireplace, and we installed gas and co detectors, so I'm hoping it might go down a little. if not its really not that bad. its like $37 extra a month if you break it down for my $440 increase.

Posted 2/25/11 4:41 PM
 

TNT1005
LIF Adult

Member since 3/10

1108 total posts

Name:

Re: Homeowners ins up $169?

Look at the replacement cost on the policy and compare it to lats year. Every year you will notice that value increases a little bit. Yes, market values go down but the ins co isnt concerned with what you can sell your home for, they are concerned on how much $ it will cost for them to rebuild yore home(labor + materials)
Being in the industry i would save your increase is minimal compared to what i have seen. have your company revie wthe policy to see where you can save within the policy. If your not happy with that start shopping around for new policies. HTH

Posted 2/25/11 4:49 PM
 

babymakes3
Almost there!

Member since 7/06

7376 total posts

Name:

Re: Homeowners ins up $169?

We have State Farm and ours went up by about the same amount.

I haven't called them but the accompanying papers say that rates have been adjusted and continue to reflect the expected cost of claims. I imagine it's probably due to that big hurricane threat.

Posted 2/25/11 4:56 PM
 

Coosie
So in love with my little boy!

Member since 1/10

1889 total posts

Name:

Re: Homeowners ins up $169?

Thanks guys! $169 compared to some other #'s I've heard isn't that bad. But I just was wondering. I think I'm still going to call the ins anyway just to get the exact breakdown on why it went up.

Posted 2/25/11 6:38 PM
 
 

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