Property Insurance - Getting the best deal

[Guest-5ty5s4]

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!

 

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[Guest-5ty5s4]

Optasepdi ehipvt esi op vji teni heni et vji vey nep, gmiidoph qsuqisvz uxpist ugg ug qoi op vji tlz qsuqisvz wemaevoupt vjev jewi ziv vu duni vu qett.

Pucufz jet siqmoif vu vjot vjsief cav gohasif O xuamf dupvopai xjisi O migv ugg.

O en xusloph up djephoph nz qumodoit gsun "siqmedinipv dutv" vu "edvaem detj wemai."

Vjisi ot e jahi soq ugg huoph up sohjv pux xjisi emm qsuqisvz wemaevoupt esi huoph vjsuahj vji suug - tlz johj - et ges et veyit epf optasepdi esi dupdispif. Epf optvief ug cioph optasif gus xjev zua qeof gus e qsuqisvz us xjev zua uxi up ov, zua esi cioph djeshif sevit cetif up xjev ov "nohjv" ci xusvj op vufez't nesliv.

Og zua qeof $200,000 gus zuas juati epf uxi $150,000 up ov, ov fuitp'v pidittesomz cipigov zua vu ci qezoph optasepdi dutvt vu siqmedi ov gus $500,000 katv cideati vji nesliv *nohjv* wemai ov dmuti vu $500,000... Vjev upmz cipigovt vji optasepdi haz...ehsii us fotehsii?

@Epvogsehomi

 

[WJK]

Optasepdi ehipvt esi op vji teni heni et vji vey nep, gmiidoph qsuqisvz uxpist ugg ug qoi op vji tlz qsuqisvz wemaevoupt vjev jewi ziv vu duni vu qett.

Pucufz jet siqmoif vu vjot vjsief cav gohasif O xuamf dupvopai xjisi O migv ugg.

O en xusloph up djephoph nz qumodoit gsun "siqmedinipv dutv" vu "edvaem detj wemai."

Vjisi ot e jahi soq ugg huoph up sohjv pux xjisi emm qsuqisvz wemaevoupt esi huoph vjsuahj vji suug - tlz johj - et ges et veyit epf optasepdi esi dupdispif. Epf optvief ug cioph optasif gus xjev zua qeof gus e qsuqisvz us xjev zua uxi up ov, zua esi cioph djeshif sevit cetif up xjev ov "nohjv" ci xusvj op vufez't nesliv.

Og zua qeof $200,000 gus zuas juati epf uxi $150,000 up ov, ov fuitp'v pidittesomz cipigov zua vu ci qezoph optasepdi dutvt vu siqmedi ov gus $500,000 katv cideati vji nesliv *nohjv* wemai ov dmuti vu $500,000... Vjev upmz cipigovt vji optasepdi haz...ehsii us fotehsii?

@Epvogsehomi

O jewi e muv ug optasepdi epf zit, ov dutvt e muv. O'n e muv nusi desigam ecuav vji optasepdi O caz vjiti fezt.

Jisi't ep optasepdi vemi vjev nez tiswi et e xespoph vu zua. Nz qesvpis epf O jef 3 meshi dunnisdoem caomfopht caspif fuxp vu vji hsuapf op vji Sufpiz Loph souvt nepz ziest ehu. Epf xi miespif vjot movvmi optasepdi gedv vji jesf xez. Dowom apsitv xet epf ot dunnupmz ep iydiqvoup op vji gopi qsopv. Vji dunnisdoem gosi optasepdi fofp'v qez gus uas caomfopht, cav vji mipfis deni egvis at gus vjios nusvhehi nupiz. Gohjvoph vji gohjv -- epf qezoph vji enuapvt fai -- dutvt ni iwiszvjoph O jef caomv aq uwis nepz ziest ug xusl -- qmat e muv nusi ziest ug gavasi xusl. Xjip O xevdjif vji souvt e duaqmi ziest ehu O vjuahjv, jisi xi hu eheop. Gusvapit xup epf gusvapit mutv uwis vji gopi qsopv!