02-04-2011, 12:02 AM
(02-03-2011, 08:34 PM)Maggot Wrote: If my house drops 38% in market value, how come my insurance premiums only drop .02% The value and payoff drops considerably but the premium is barely moving. Should I shop around again (I did it last year and saved 230.00) I have safeco now. My deductable has not changed. Is this happening everywhere?
I know this, btw.
Housing values have plummeted, but the cost of rebuilding has soared. How that can be is beyond me, but I assume that is why they stopped building the 1,200 unit subdivision down the road.
My house is worth more dead.