For the last eleven years we have had a cottage in Michigan, and I have been stunned by the speed with which internet and insurance go up. I clearly have been in the Netherlands too long -- here these things go up by CPI or less. Family and friends tell me that you need to call them each year and threaten to quit, which I am far too lazy to do. So, my question is, which of the following three do you do? Feel free to comment as you like, but please also give me one of the three numbers.msa6 wrote: ↑Tue Aug 18, 2020 11:22 am We have been with Chubb for 12 years. We live in Central VA, no claims history. Premium went up 49% earlier this year. I think there are several ways to describe the increase. Over the 12 years we've been with Chubb, the dwelling value in the policy has risen by a compounded 4.5% per year (5.0-5.5% during each of the last six years), and is now at what on its face looks to be an excessively high figure. Also, the premium's cost per $1,000 of insured dwelling value has risen dramatically, including a 45% increase this year, from $1.49 to $2.16.
1. I call them every year. I'm no idiot!
2. I can't be bothered, it is what it is.
3. Actually, there is another solution (Masonic handshake, Jedi mind trick, whatever)