Increase in insurance

[ucbruin]

Seems there is a shortage of auto insurance claim adjusters right now....

 

[Surf Cat]

Seems there is a shortage of auto insurance claim adjusters right now....

I looked into to doing that during a slow period of R.E. appraisals.

The consensus was the insurance companies run those guys to death. They are Road Warriors with little time to come up for air and of course the big one (this sounds familiar) they are not getting compensated for their expertise.

 

[Fernando]

My property insurance will expire tomorrow.
Current insurance company cancelled me for age and condition. WTF.
Many buildings are old and my building is above average condition.

I got one quote which was $16,000 which is ridiculous. WTF.
My wife said I should get it until I find another cheaper one.
I think I'll take my chance and wait for a cheaper insurance policy to come along.

 

[Terrel L. Shields]

Insurance rates increase are justify for South Florida. Current rain is over 10 inches. Such deluge of range would be nightmare for me with flooding and no doubt damage to lots of buildings.

Leaking roofs are fixable. Condos built over karst topography and soft sand are not.

 

[Fernando]

Leaking roofs are fixable. Condos built over karst topography and soft sand are not.

As a buyer and not wearing my appraiser hat, I dropped my guard.
I bought two properties before and didn't realized they were so close to earthquake fault. Still, I'm too cheap to buy earthquake insurance.
If there's a major earthquake, I'll be in trouble.

 

[Fernando]

My insurance broker looking for replacement insurance said one company looked at Google Map and found my roof in bad condition. WTF.
I had roof problems few years ago but no more this year. So unfair.

 

[Fernando]

I said my roof is about 12 years old. Then I was asked to show proof.
I checked the permit history and I don't see it. WTF.
My roofer didn't pull out permit?

 

[Fernando]

Several months ago, I got a new insurance company.
Last month inspector tried to look at my property but I was out of the country. I never had an insurance company send someone to inspect my properties.
Can insurance company cancel my policy after I paid in full the policy?

 

[Surf Cat]

Several months ago, I got a new insurance company.
Last month inspector tried to look at my property but I was out of the country. I never had an insurance company send someone to inspect my properties.
Can insurance company cancel my policy after I paid in full the policy?

Why you asking here? Read your policy.

On our residential properties, the policies have a clause where they reserve the right to inspect.

 

[RCA]

I said my roof is about 12 years old. Then I was asked to show proof.
I checked the permit history and I don't see it. WTF.
My roofer didn't pull out permit?

Most appraisers and insurance companies go to BuildFax.com. A well maintained home will usually have a good history of repair work and upgrades, - if the work was done by licensed contractors. And so, I am guessing, if we were to look at BuildFax.com for you property (and it is open to the public for a small fee) - we would wouldn't see any history. -- And that may be your problem.