Homeowners Insurance

[kia027]

Re: Homeowners Insurance

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Yuri_</div><div class="ubbcode-body"> </div></div>

a soh the alarm guy did tell wi man

how about a low tech alternative that works when power cut and u doan have to deal with false alarms (ie people in the house triggering the alarm)

<div class="ubbcode-block"><div class="ubbcode-header">Click to reveal.. <input type="button" class="form-button" value="Show me!" onclick="toggle_spoiler(this, 'Yikes, my eyes!', 'Show me!')" /></div><div class="ubbcode-body"><div style="display: none;">it does need feeding a is a good walking partner-- it name dog

mek mi stop joke ya.. we have both </div></div></div>

[Yuriatin]

Re: Homeowners Insurance

<span style="font-style: italic">Kia, yah bring up tuh muh diffren ting no. </span>

Dog, alarm, camera ...

Yuh done no seh Mr Yuri nah deal wid nug dawg. Mi loss dat deh discussion lang! time. im luv dawg - but nuh USA styleee!

im nah walk nuh dawg - im nah 'curb' nuh dawg - im nah tek money whe im werk ah pay fi dawg food - im nah MEK nuh dawg tep foot in nuh house. I don't blame im ONE bit. I'm flexible but there's no way I'm picking up no dog junk - and I dont think I could work with having dog ah jump up ah dung INSIDE my house.

Alarm - when we moved here the house already had an alarm system with it. Works fine - have yet to have a false alarm.

Re the camera - I'm researching to see which is best. We only know for now that
we want one in front, back, the side and and needs to work at night as well.
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Kia</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Yuri_</div><div class="ubbcode-body"> </div></div>

a soh the alarm guy did tell wi man

how about a low tech alternative that works when power cut and u doan have to deal with false alarms (ie people in the house triggering the alarm)

<div class="ubbcode-block"><div class="ubbcode-header">Click to reveal.. <input type="button" class="form-button" value="Show me!" onclick="toggle_spoiler(this, 'Yikes, my eyes!', 'Show me!')" /></div><div class="ubbcode-body"><div style="display: none;">it does need feeding a is a good walking partner-- it name dog

mek mi stop joke ya.. we have both </div></div></div> </div></div>

[Yuriatin]

Re: Homeowners Insurance

Wow! How Timely.

Same crap I was upset about a few weeks ago ...

Mar 09, 2012, 8:37 AM<span style="font-weight: bold">
<span style="font-size: 17pt">
Home Insurance Goes Through the Roof</span>
</span>

By AnnaMaria Andriotis

Faced with falling home prices and climbing maintenance costs, struggling homeowners may soon face another setback: higher insurance premiums.

After rising steadily for the past few years, homeowner insurance premiums are expected to jump another 5% this year to $1,004, according to the Insurance Information Institute. That’s the biggest yearly increase since the market downturn and will mark the first time the national average premium is above $1,000.

Premiums will rise even higher in some states. In Georgia, GuideOne Insurance will raise rates by 12% on average starting this month. Farmers Insurance is increasing rates in Texas by 10% on average. Last month, Allstate started raising rates by 15% in Pennsylvania. And Florida insurer Citizens Property Insurance Corp. and North Carolina Farm Bureau are raising rates on some condo and homeowners by 21% and 6%, respectively.

The higher premiums come at a challenging time for American homeowners, as millions are behind on their mortgage payments and many owe more on their home than it’s worth. Insurers say the higher premiums are partly to cover their rising costs: Insured catastrophe losses in the U.S. totaled $35.9 billion in 2011, compared to a 2000 to 2010 average of $23.8 billion, according to the III. The companies are also paying more in premiums to so-called reinsurers, which provide insurers coverage for widespread catastrophic events, says Steven Weisbart, senior vice president and chief economist at the III.

Meanwhile, insurers’ returns on their investments — roughly 70% of their assets are in bonds – have been low, he says, and they’re looking for other ways to make up that lost revenue. “The only other place insurance companies can get money from is premiums,” he says.

Typically, when policyholders are informed of premium increases they shop around for better prices, but experts say that’s become harder to do. As insurers exit some markets altogether, homeowners are left with fewer companies to choose from. For instance, starting in May, State Farm will not renew roughly 11,000 homeowner policies in five coastal counties in Texas. The company says it’s trying to lessen its exposure to future losses.

To lower premiums, some homeowners increase their deductible, which means they’ll have to pay more out of pocket if disaster strikes before their insurance kicks in. But this strategy might not be as helpful this time around, since some insurers are dropping other types of coverage that were previously part of basic homeowner insurance policies. When coupled with a high deductible, a homeowner’s expenses could soar.

Allstate, for instance, recently introduced a new homeowner’s policy in Kansas and Oklahoma that doesn’t pay out the full cost of replacing all roofs that incur windstorm or hail damage. Kevin Smith, a company spokesman, says Allstate will determine which roofs qualify based in part on their age and condition. If Allstate declines to pay the full cost, it will pay the current value of that roof and the homeowner will be on the hook for the difference. The company says the homeowner’s other option is to purchase so-called replacement cost coverage for roof losses in addition to their basic policy.

Even if homeowners find a lower premium, it might not stay low for long. Experts say many insurers filed requests with states to raise rates this year. (When states approve higher rates, that leads to higher premiums for policyholders.) For instance, last month, Pennsylvania received requests from Erie Insurance and Travelers to increase premiums by roughly 9% by June and July, respectively, according to the state’s insurance department. (The companies didn’t respond to requests for comment.) In Georgia, most of the major companies filed requests to raise rates from 18% to 22%, says Steve Manders, director of insurance product review at the state’s department of insurance. The states say they don’t usually approve requests for increases by the exact amount insurers ask for.

http://blogs.smartmoney.com/advice/2012/03/09/home-insurance-goes-through-the-roof/