Inflation here? gas/grocery prices just continue to climb

efil4stnias said

Well if you have commercial property ( and im sure homeowners is having same issue ) in South Louisiana- buckle up for renewal premiums.

I havent seent pricing like this since 2006 ( post Katrina ) and it took 3-5 years to settle down.

Im talking rate increases of 50,70 and in some instances 100-150%.

I dont even want to call these clients because of so few options remaining here.


EDIT: just looked at my Homeowners- went from $1171 to $1802 - no claim from Ida ( or since i bought in 2019 )

That is what, 60% ish??

Click to expand...

My broker sounded something between scared and just plain sad when she called to tell me it was time to renew and what our options were. She's a broker and doesn't just represent one company, so she had already done a lot of shopping, and it was bleak.

For the same exact coverage this year, after shopping around, we still went up about 35%. I've never filed a homeowner's claim in 16 years of ownership. This is in South MS.

Property taxes also went way up, so our monthly mortgage payment has taken a significant jump over the last couple of years.