I have received the renewal for my homeowner’s insurance, and the premium is dropping from stupidly high to somewhat less stupidly high: the annual savings will be just over $100. (Still, unless you live in some place like San Simeon, my premium is probably higher than yours.) At least part of the expense is due to my having specified some comparatively pricey options over and above the standard package, including an escalator clause that adjusts the amount of the policy upward when the value of the property increases. Still, Oklahoma has some of the highest insurance costs in the land, and this isn’t going to change so long as we have some of the most perverse weather this side of Baffin Bay.
Which means, I have to figure, that unless the county seriously jacks up the property tax rate, I will not be running an escrow shortage in 2017, inasmuch as the actual value of this property, as determined by the County Assessor, has risen by less than two percentage points.