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trof

(54,273 posts) Fri Apr 7, 2023, 06:36 PM Apr 2023

Homeowners' insurance just went up $125/mo.

Alabama's rate was increased because the company lost money in claims in the state last year.
We're now in a new 'bracket'.

Most companies won't write new policies on anything south of I-10.

I live in coastal Alabama in a hurricane zone.

5 replies

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Homeowners' insurance just went up $125/mo. (Original Post) trof Apr 2023 OP

I feel like you..insurance companies are leaving Florida Deuxcents Apr 2023 #1

Mine went up 225 for the year which I'm thankful as a lot doubled or worse. jimfields33 Apr 2023 #2

Inflation costs make repair claims a lot more expensive to insure MichMan Apr 2023 #3

I have a friend in FL. She could only get a high priced policy with a $15000 deductible. Tomconroy Apr 2023 #4

Hey buddy Ferrets are Cool Apr 2023 #5

Deuxcents

(19,862 posts)

1. I feel like you..insurance companies are leaving Florida

Reply to trof (Original post)

Fri Apr 7, 2023, 06:38 PM

Apr 2023

And those left are raising our rates. I don’t know how long I can keep up.

jimfields33

(19,134 posts)

2. Mine went up 225 for the year which I'm thankful as a lot doubled or worse.

Reply to trof (Original post)

Fri Apr 7, 2023, 06:40 PM

Apr 2023

Yep. Central Florida.

MichMan

(13,291 posts)

3. Inflation costs make repair claims a lot more expensive to insure

Reply to trof (Original post)

Fri Apr 7, 2023, 06:42 PM

Apr 2023

Tomconroy

(7,611 posts)

4. I have a friend in FL. She could only get a high priced policy with a $15000 deductible.

Reply to trof (Original post)

Fri Apr 7, 2023, 06:46 PM

Apr 2023

Ferrets are Cool

(21,961 posts)

5. Hey buddy

Reply to trof (Original post)

Fri Apr 7, 2023, 06:53 PM

Apr 2023

I pay 10 times more for wind damage than I do for ALL the rest.

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