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Re: Birdbrain Ideas post# 396160

Wednesday, 12/21/2022 10:14:23 AM

Wednesday, December 21, 2022 10:14:23 AM

Post# of 426487
Speaking of insurance companies, they are in my “Top 3 of my most hated organizations.”
In order:
#1 - the IRS
#2 - Insurance companies
#3 - Banks (money lenders, credit cards, mortgage holders ect.)

Did you know? My insurance company raised my rates by 25% this month for a combination of things. My mortgage lender automatically increased my house replacement cost from $278k to $351k, this increased my insurance premium by ($23 per month). The second thing, I just turned 71 years, my insurance company increased my premium ($63 per month) because I’m now an unsafe driver according to their actuarial tables. Then of course they tout the “inflation” factor which allows them to adjust their rates anyway they want. A win-win for them. I do understand the increases, but to the tune of 25%? I’ve also learned the “birthday” thing is not consistent, most insurers charge the “teenage driver” rates when folks turn 75. I’m shopping around for a better deal. My Social Security didn’t increase by 25%, come on Joe, throw us a bone.
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