Monday, March 12, 2007
70% and 100% Increases in Allstate Homeowners
We received our new Allstate homeowner's policy in the mail today. We have our house insured for $150,000. In 2005 our homeowner's cost $1264.00. In 2006 it cost $1491.00. Now it will cost $2525.22 for 2007. That is a 70% increase since 2006, and a 100% increase since pre-Katrina in 2005. We're doing some major renovations on our house, and so we're not liable to find another carrier until completion. We're elevating our house to above the Katrina flood water level, so that will automatically cancel our Allstate policy I've heard as we'll be above 4 feet. Someday, I am very much looking forward to never writing a check to Allstate Insurance again. I wouldn't mind the increases if I thought it was really insurance, in that they would pay you fairly if your home was damaged.