Seniors

trof

(54,273 posts) Fri Apr 7, 2023, 07:36 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

= new reply since forum marked as read

Highlight:

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

(22,208 posts)

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

Reply to trof (Original post)

Fri Apr 7, 2023, 07:38 PM

Apr 2023

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

jimfields33

(19,382 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, 07:40 PM

Apr 2023

Yep. Central Florida.

MichMan

(15,128 posts)

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

Reply to trof (Original post)

Fri Apr 7, 2023, 07:42 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, 07:46 PM

Apr 2023

Ferrets are Cool

(22,190 posts)

5. Hey buddy

Reply to trof (Original post)

Fri Apr 7, 2023, 07:53 PM

Apr 2023

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

Reply to this discussion

Kick in to the DU tip jar?

This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.

As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.