Surging home insurance costs could force families to leave these 10 states (OK is one)

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SlugSlinger

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So can you just drop the roof altogether and get a substantial premium decrease?

Seems a good idea to open an account or add money to your emergency fund for a new roof when you need it. I’d throw on a steel roof and be pretty much done with it after saving up for it.
I currently have Amica. They have an online app that lets you adjust different coverages under the policy. I removed roof coverage and the policy premium dropped about 30-40%, that was a few years ago. I didn’t end up removing the coverage.
 

SlugSlinger

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Insurance premiums increasing is a direct result of buyduns waistfull spending and the double digit inflation we’ve seen. It just takes time to work the crazy inflation through the economy. If he’s reelected, you’ll also get to enjoy paying for his freely spending your money by paying a higher tax rate.
 

SlugSlinger

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May neighbor just told me his home insurance premium doubled with Farmers.

They wanted to charge him $6,800 a year.

He changed insurance and saved some money.
 
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wolfman1

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Insurance premiums increasing is a direct result of buyduns waistfull spending and the double digit inflation we’ve seen. It just takes time to work the crazy inflation through the economy. If he’s reelected, you’ll also get to enjoy paying for his freely spending your money by paying a higher tax rate.
I so enjoy paying more so non working illegal criminals can have free housing, credit cards, etc. Warm and fuzzy feelings abound.
 

Pennyless

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This is what I am afraid of. My policy expires 7.17. Homeowner's has increased 64% over the last two years and I expect another 35%-45% for 2024-2025
I just got clipped for a 25% increase on my renewal. Asked my insurance guy about it. He said the whole industry is upside down and people are getting cancelled by there homeowners. Not sure why. People need chill out, the whole world has gone mad. I feel bad for those in poor financial situations and worry for the future generation. I make good money and I'm even feeling the squeeze.
 

okcBob

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Insurance premiums increasing is a direct result of buyduns waistfull spending and the double digit inflation we’ve seen. It just takes time to work the crazy inflation through the economy. If he’s reelected, you’ll also get to enjoy paying for his freely spending your money by paying a higher tax rate.
What double digit inflation? Highest it’s been is 9% for 1 month in 2022. Been 3-4% for the past year. We haven’t had double digit inflation in this century
 

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