When I bought the palatial estate at Surlywood, insurance on the place was a hair under $900 a year, which sounds high until you consider that we have every known disaster here except tsunami.
For about six years the premium stayed about that level. After a 35-percent increase, I changed carriers. Then came this:
Then came the spring, and suddenly every insurance company from Mangum to Miami was paying out bazillions of dollars in claims; my new insurer forked over $7500 or so to replace my roof.
So I figure that I may as well eat this year’s 35-percent increase, because all those guys are going to have to reprice their policies, presumably making shopping around a waste of time. Besides, Current Insurer did a creditable job of handling my claim, and more than a few people in this state were sent cancellation notices instead of renewals.
The following year, it went up 44 percent. I was not looking forward to this year’s bill. I did have one faint hope: after all the tornadoes this spring, the paper ran an article on how insurance coverage was inevitably going to get even pricier, and as a sidebar included a list of companies filing for a rate increase. Mine wasn’t on that list.
Comes the bill. It’s down $4. Main difference: wind/hail damage, which used to be a 1-percent deductible, is now a 2-percent deductible. I can live with that, I think.