My policy started at 1200 a year and now is $6500. Went up $1200 in one year this last year. I dont think this is fair business practice and want to report to the state DORA and FIO as well as Consumer Finance, and FTC for investigation. This is getting out of hand and making it extremely hard to continue to insure a home.
My value of my home stated replacement cost for coverage went up 50% in 10 years but my cost to insure it went up 500%.
Not fair. What goes up 500% in such a short time without the compensation going up.
Claimed loss: None
Desired outcome: Lowered rate and or public exposure and federal and state penalties for unfair business practice.
Confidential Information Hidden: This section contains confidential information visible to verified company representatives only. If you are affiliated with company, please claim your business to access these details.