My Massachusetts house insurance premium was $1084 in 2010. They want over $1800 this year! (Haven’t made a claim in 15 years.) That’s an over NINE PERCENT INCREASE PER YEAR!! I defy my insurance company to show where material and labor costs have increased that much since 2010? (CPI has been just under 2% over the period.) Mass house insurance has become a rip-off – what is going on?
My Massachusetts house insurance premium was $1084 in 2010. They want over $1800 this year! (Haven’t made a claim in 15 years.) That’s an over NINE PERCENT INCREASE PER YEAR!! I defy my insurance company to show where material and labor costs have increased that much since 2010? (CPI has been just under 2% over the period.) Mass house insurance has become a rip-off – what is going on?