The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Vosilla who wrote (79616)	6/15/2007 9:58:25 PM
From: tdl4138	Read Replies (1) of 306849

Has anyone actually been following the homeowners insurance fiasco in Fla lately? Last year, my premium was raised because the insurance company raised the value of the "structure" by $45k. Of course the premium went up accordingly. This week I received the renewal and they've increased the value of the structure another $65K along with the premium. When I called my agent and said the property including the land wasn't worth anywhere near the company's value she said she agreed...and already knew that. But the value that was now being used was "formulated" by the insurance company and I should be glad that I was being offered a renewal.... The next statement was the shocker....I should be happy with the policy because I was still being charged at the old rate. It seems that insurance companies can't raise rates....so they are increasing valuations. End result is still a fatter premium. I wonder in the event of a hurricane or total loss what the odds are of ever seeing the "formulated" valuation I'm paying for...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next