My home-owners insurance is included in my $383.00 mortgage/home equity loan.

A couple of years ago, I asked my (independent) agent about switching companies for a lower rate. He suggested staying where I was because my carrier tends to pay claims fairly and without a fight—and they don’t then dump you at the policy anniversary. So I stayed. Notin so far to test my agent’s claim—and that’s fine with me.

I've checked with several companies and all of them want to price my home way above what it's worth. They don't even bother to come look at it, just take a table of home information forms and what they say it's worth and that' s what you pay.

I've stayed with the same insurance company for many years for home insurance, but they got too high on auto insurance and I found it much cheaper elsewhere. Of course that meant I couldn''t "bundle" both together so my homeowners went up.

You just can't win where insurance is concerned.

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Originally posted by 1935tb-11

i been with the same company for my homeowners for 40 years..
never filed a claim in that time.
last year they went up about 500 bucks... and had my house house down as 300k to replace...... this year they went up another 200 bucks.. i had had enough.
so i go visiting some local companies including my car insurance company office , i made copies of my new policy from the one i had been with.
i left a copy with 4 different agents... guess what ! all but one was anywhere from 500 to 800 dollars cheaper then what i had for 40 years...
i decided to go with my car insurance company . they saved me 809 dollars a year PLUS my car insurance dropped 11 dollars every 3 months.

they are a great company and i have never ever had a problem with any claim on our vehicles.
today was a good day for the wallet !!!!!!!!!!

 he told me my old company had my replacemant value about 50 thousand to much.... i knew it was because i has a friend of a friend  who is a contractor come by last week and give me and est on what it would cost to replace and his figure was way less then the ins company was.....   so i guess i should have been more aware of what was going on in that dept.
 

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Glad you got a break Terry... :0)

after all was said and done and i viewed the new policy,, he saved me 787.00 a year. i got 15,000 more coverage on my shop then i had before. i bundled with my car ins and its coming down 67 dollars a year.
so i am pretty pleased with the results.. of course i got a question or two about some extra charges but he is good about explaining things.
he is a local kid his family is from up here where mine is from and he is one of farm bureaus top guys in these parts. he took over for my old agent when she retired about 10 years ago.

So glad I read  this Terry and glad you’re saving some bucks on this necessary EVIL called insurance. I’ve been putting it off, but I need to reevaluate and get a new insurance company. My agent I’ve had for years used to check different company rates every year and switch companies for me and save me a few bucks. Since his company has grown and been successful, they have gotten lazy and don’t do it anymore. Michigan is a No Fault state and auto insurance sucks terribly.
Time for me to look around and get new quotes. He’s made enough money off me in commissions and I feel I don’t owe him allegiance anymore. Time to find someone hungry for business!!!
Slammer!!!

I love my AAA car insurance.They've taken very good care of me including putting my car back on the road after a 5k dollar accident (not my fault).
I was discouraged about home insurance until I talked to my bank who I've been with for 45 years.

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Originally posted by steve davis

My home-owners insurance is included in my $383.00 mortgage/home equity loan.

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i know folks in my county that are more then 383 a month just for homeowners. and they are not rich folks with huge houses.....

I bought the house I'm almost finished renovating, in March 2024. No insurance company would write a construction policy or even basic liability, even though I have the proper building permits and have passed every inspection with flying colors. The reasons given were they only write these policies for new construction, not renovations. No company would even give me a quote. What?? Sounds like b.s to me. So I have zero insurance on my home. Totally exposed. I don't even know what Hurricane Helene cost me in lost time and materials, I had to eat all that.

It will be insurable soon once I finish up a few handrails and whatnot. Insurance is a forced gamble. The insurance house always seems to win, when they are called on to pay up, lots of luck with that. Tons of real-life stories about how these companies cheat when all theses hurricanes floods and tornadoes hit.

(Sometime soon I'll post some pics and videos of the project, it's coming out very nicely. It's just slow going doing all the work myself...)

frank go into any city and look up and on the front of those buildings are the names of insurance companies and banks.. biggest in town..

you right the house wins every time

I was very discouraged until I called my bank and they said "We'll take care of that."

Insurance companies are America’s biggest legalized fraud!!!
So are banks!!!
Don’t think so……….. who has the biggest fanciest buildings in your area? Damned if you do and damned if ya doesn’t!!!
Just because you’ve been with them a long time doesn’t mean they are looking out for Your best interest. It’s all BS!!!
Slammer!!!

^^ health/medical insurance? 

[I hear some Americans lauding their health insurance. In Canada we have government-run medical insurance, so I like to think the screw-ups are due more to incompetence and less to the free market doing what the free market does.]