Purple Cat Posted August 15, 2012 Share Posted August 15, 2012 I switched homeowner's insurance last year on my mortgage holder's orders after basically discovering my then current homeowner's insurance company was engaging in a fraudulent practice. (y mortgage holder called it the same, strong term.) My new homeowner's insurance company seemed great and far cheaper. This year, they raised my insurance rate by 20%. I plan to call and ask why. Is it industry practice to give a lowball quote the first year to get people to sign up and then escalate the rates the next year? Is there any downside to changing homeowner's insurance? For 20% more a year, I find making phone calls for quotes well worth my time. Thank you! Quote Link to comment Share on other sites More sharing options...
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