I just renegotiated a high deductible. My thinking was that with premiums so high, my savings are in effect "self-insurance" for smaller issues, while I still have coverage for catastrophic issues like fire.
I been an agent for 35 yrs.
Its Beyond belief what's going on.
Besides companies going under theres no place to go.
Then if we do find something they inspect the living shit out of the property. Then give a laundry list of recommendations and make it unattainable to keep.
I just put a $5000 deductible on my own house to save $600 a year
Been also suggesting same to clients
It pays for itself in the long run.
If theres a serious fire or claim i know all the adjusters and deductibles get buried any way.
So win win For all.
I keep saying this is our covid
We were fine from 20 to 23.
Other problem is we have 50 governors and 400 politicians that wont address the problem
By the way, thanks to all those rich people with beachfront property that got swallowed up by the sea, my flood insurance in Missouri is now higher than my regular homeowners insurance.
I've never carried insurance. If my place burns or blows down I'm going to Cabelas and getting myself a sweet wall tent and going back to that pioneer life with thankfulness.