Hailing frequency

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.


  1. fillyjonk »

    17 October 2013 · 8:00 am

    I think mine was just about $1300 for this year. Then again, I suspect they’re valuing my house at more than what I could sell it for, and possibly more than what it would cost me to rebuild. (Of course, there’s the contents. Though the one very-high-value thing I own has its own separate rider that I fork $150 or so over for each year)

  2. CGHill »

    17 October 2013 · 8:17 am

    In my case, the valuation is approximately half again what the County Assessor says the place is worth.

  3. McGehee »

    17 October 2013 · 9:46 am

    It’s only a matter of time though before some bright bulb decides America needs an Affordable Home Repair Act.

    “If you like your roof, you can keep your roof.”

  4. CGHill »

    17 October 2013 · 10:44 am

    Well, my new roof looks indistinguishable from my old roof, for what that’s worth.

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