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Question on homeowner's insurance?
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Todd H.
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Posts: 509
Question on homeowner's insurance?
writes:
Oh, the reason i was looking elsewhere was that last year i had paid
$950, this year i paid $1200. I had asked my agent why it went up and
he said the property value of my house went up this year. However, the
city appraisal for my house was like $185,300 this year as opposed to
$185,100 from last year.
Insurance company wouldn't have any visibility or care about the city
appraisal I don't think.
We're seeing insurance rate increases across the board due to a
certain unprecedented natural disaster down south last year that many
folks seem to have forgotten about. The insurance companies paid out
enormous $ in claims and are in recoup mode.
Best Regards,
--
Todd H.
http://www.toddh.net/
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