You are not alone.
I have an apt. bldg.
NO claims/ liability suits in 30 years.
Ins premium $2000.
Bldg turns 30, I get dropped.
They give some b.s. reason.
I get a new quote, $10,000.
That's $1000/ unit/ year.

If you have a mortgage/ loan, the insurance companies & agents have you by
the balls.
Lenders require insurance, or they call the loan.
Agents wait to give you a new quote, 'til you won't have time to shop
around. ....... neat huh???

I don't need "property coverage" just "general liability" for the
slip-n-falls.
Gen. Liability alone, if they will write it, is almost as much as "the
package."
I'm "free & clear" so I may "go bare" for 4 yrs & bail out. I'm pondering
the situation.

Perusing the cover of a sailing magazine "The Crisis in Cruising Insurance"
caught my eye.
Apparently they have problems too....... you can't even escape by going on a
world cruise.

Is there a crisis???...... not unless you think getting wiped out by medical
bills or losing your building/ business/ everything, is a problem.
This will remain "a nation of risk takers," but not in the original sense of
the term.



Ken Sterling wrote in message
s.com...
Gang...
I have a house and a remote garage. All property was insured by
one Company back in 1996. Decided I would open a small business in
the remote garage doing all kinds of general repair work (woodworking,
welding, small gas engine repair, lawntractors, etc). Secured all
necessary paperwork, variances, sales tax licenses, etc., and since my
original homeowners insurance would not write a small commercial
business, I secured a separate company to write the commercial policy.
Everything fine until a couple of years went by - when I received a
cancellation notice from my home insurance company. "Because I
increased risk to their covered interests". Checked with the PA
insurance commission - Yup, they are allowed to do that (after I paid
premiums to them since 1977). Okay, had to find another insurance
company to cover my house. Done (albeit at a much higher rate).
Then after a couple more years, the commercial policy writer says we
are no longer going to write "small business" so you are cancelled.
Checked with home insurance company - they don't write commercial.
Looked around - found another company to write small business (again
at a much higher rate). A week or so ago, send in annual premium for
the commercial policy - last night got a call from them - "We will no
longer write a policy for less than $xxx annual premium" . The $xxx
annual premium is about $50 more than the already considerably higher
premium I had been paying for the commercial coverage. I broke - said
send back my check , cancel my policy, I'm going to close the business
as I don't work for the insurance company and ain't gonna spend every
evening and all weekends working to pay an insurance premium.
Anyone out there have any suggestions? BTW - I just morally can't
gouge my customers to pay an insurance premium. There is a repair
shop not too far from where I'm located that has a big sign ----" We
charge $90/hour to work on your mower. We charge $30 for an estimate"
Ken (depressed).