How can retired elderly fixed income citizens stay in their home when the rates go up by such extremes? For instance my rate with Travelers went up by 146% from 2011-12 to 2013 rates starting in Nov. 2012? From $80 per month to $117 each month! Yearly rate from $969 to $1400 for the same coverage! I only want to buy insurance to cover major catastrophe, not a new roof or a broken window, I’d like to buy coverage for only the amount of the loan on the home which is about $130,000 for a home worth $250,000 including the acreage. I don’t want to MAKE money if I have a disaster, I just want enough to AID me in recovering some of the loss. Why an I not buy the amount of insurance I wish to have, not what the Insurance company insists upon? Is this a FREE Country of is it a dictatorship with my decisions being made by the Insurance Cartel?
How can retired elderly fixed income citizens stay in their home when the rates go up by such extremes? For instance my rate with Travelers went up by 146% from 2011-12 to 2013 rates starting in Nov. 2012? From $80 per month to $117 each month! Yearly rate from $969 to $1400 for the same coverage! I only want to buy insurance to cover major catastrophe, not a new roof or a broken window, I’d like to buy coverage for only the amount of the loan on the home which is about $130,000 for a home worth $250,000 including the acreage. I don’t want to MAKE money if I have a disaster, I just want enough to AID me in recovering some of the loss. Why an I not buy the amount of insurance I wish to have, not what the Insurance company insists upon? Is this a FREE Country of is it a dictatorship with my decisions being made by the Insurance Cartel?