Quote:
Originally Posted by onewhippedpuppy
Zero claims on either, it’s all because of losses in other parts of the country. Or at least that’s the excuse.
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My insurance company is claiming the increases are due to the increased cost of material and labor. That makes
some sense, except for the size of the increase.
I suspect the price has increase because:
1. Inflation! Everybody's doing it, so we will too!
2. An actual increase in material and labor.
3. To cover the cost of losses in other parts of the country.
Even though my company doesn't insure properties in California or SEC country, I suspect their cost of re-insurance has gone up because of the disasters.