Here is one more thing to watch out for…. When your home owners insurance comes due, you probably tend to glance at the bill and figure, oh well the escrow account pays for this, no big deal. I just happened to look closer because the mortgage company notified us that our payment would be increasing by a fair amount. I discovered that the insurance company had raised their premium over $200 for the coming year. So I called to find out why, This is one of those easy to use friendly companies you can deal with online or via phone. Their TV ads are very slick, and although they specialize in auto insurance, they like to bundle you up for all your needs, auto, home, etc. During our conversation, the cordial lady informed me that they had dropped my discount for having an alarm system in our home. When I asked why, she said it was their policy to do that because many people in these hard economic times are dropping alarm coverage because of the cost. When I protested she agreed to continue my discount for an alarm system. She then informed me that the replacement cost for our 2019 square foot home had gone up due to rising build costs, material costs, etc. What? Our home is 1557 square feet not 2019… where did that come from? She stammered a lot and I persisted so she googled our home and said, oh, it is 1557 Sq Ft But she couldnt do anything about it unless I proved it was that size by hiring an appraiser or providing proof from the assessors office. Turns out that is easy, the assessor has all the info online, free for all to see. The net result is I have been promised my insurance will go down by over $200! I am waiting to receive verification of that! Oh. I also asked for a refund since I was over charged last year!
Posted on: Wed, 20 Aug 2014 03:44:12 +0000
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