It appears the House Speaker and our drooling President have reached a tentative agreement on raising the debt ceiling. It appears to be more kabuki theater in that spending for 2024 will remain flat, while they promise to increase spending in 2025 by only 1%. They’ll also kick the can on the debt ceiling down the road, just past the next election.
Good morning, Paddy -- I think that producing a budget would be a fairly routine thing -- it’s not like families and businesses don’t do it every single year.
We’ve had Farmers for a similar period and have fortunately avoided the huge rate increases that you’ve had to deal with. At our last renewal, we ended up adding earthquake insurance through the state fund (at the suggestion of our agent), because it lowered the cost of our homeowner’s insurance, even after adding in the cost of the earthquake insurance.
At some point, the only choice people will have is the state insurance fund, and we all know how well they’ll be at resolving claims.
I would expect a housing market that is already being crippled by high interest rates will falter further and that those insurance companies still willing to write policies will be raising their prices. Doesn’t bode well.
A blessed Sabbath, Gerbil Nation!
It appears the House Speaker and our drooling President have reached a tentative agreement on raising the debt ceiling. It appears to be more kabuki theater in that spending for 2024 will remain flat, while they promise to increase spending in 2025 by only 1%. They’ll also kick the can on the debt ceiling down the road, just past the next election.
Good morning, Paddy -- I think that producing a budget would be a fairly routine thing -- it’s not like families and businesses don’t do it every single year.
This is interesting. We’ve been with Farmers for the last 30+ years and so far they’ve kept our homeowners policy intact. Several years ago when they jacked our rates 100% one year and then another 100% the following year, we shopped around and no one would insure us. https://redstate.com/brutalbrittany/2023/05/28/state-farm-the-largest-home-insurer-in-us-wont-take-new-clients-from-ca-the-most-populous-state-n752697
We’ve had Farmers for a similar period and have fortunately avoided the huge rate increases that you’ve had to deal with. At our last renewal, we ended up adding earthquake insurance through the state fund (at the suggestion of our agent), because it lowered the cost of our homeowner’s insurance, even after adding in the cost of the earthquake insurance.
At some point, the only choice people will have is the state insurance fund, and we all know how well they’ll be at resolving claims.
I would expect a housing market that is already being crippled by high interest rates will falter further and that those insurance companies still willing to write policies will be raising their prices. Doesn’t bode well.