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Guest-5ty5s4
Guest
What is the forum's take on property insurance? I couldn't find a thread on this in search by title, and that was very surprising to me.
Recently it has been HELL getting both homeowner's and commercial property insurance, especially at half-decent rates. Everyone wants to cover sky-high valuations that make no sense (thanks inflation), and the premiums that agents and brokers are charging are absolutely bonkers.
On the personal side, my premiums literally DOUBLED from last year and my escrow payment went way up. Agent claims he has no idea why. Very aggravating.
On the commercial side, the premiums have just gone up and up and away. If you are leveraged 25% LTV and only want to cover that 25% for replacement, doesn't matter - the insurance guys all want to quote you the full 100% inflated value even if your property is just land with a metal box on it. More premiums for them.
Are most folks here going high deductible? Do you shop it around to lots of brokers or have one guy who's your best buddy? Let's make this the insurance thread!
Recently it has been HELL getting both homeowner's and commercial property insurance, especially at half-decent rates. Everyone wants to cover sky-high valuations that make no sense (thanks inflation), and the premiums that agents and brokers are charging are absolutely bonkers.
On the personal side, my premiums literally DOUBLED from last year and my escrow payment went way up. Agent claims he has no idea why. Very aggravating.
On the commercial side, the premiums have just gone up and up and away. If you are leveraged 25% LTV and only want to cover that 25% for replacement, doesn't matter - the insurance guys all want to quote you the full 100% inflated value even if your property is just land with a metal box on it. More premiums for them.
Are most folks here going high deductible? Do you shop it around to lots of brokers or have one guy who's your best buddy? Let's make this the insurance thread!
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