AmFam can kiss my a$$
AmFam can kiss my a$$
I recently paid off my mortgage, so now it's time for me to pay for insurance directly instead of the bank doing it via escrow.
I looked at the bill and said "holy shit, that's twice what I signed up for 10 years ago".
It seems upon renewal each year, the insurance company has been incrementally (arbitrarily?) increasing my coverage (and therefore my premiums), to a point where I am way over-insured.
Question 1: Is it "normal" for insurance companies to do that?
-- My coverage on the main structure is now 150-200K higher than what I believe it would cost to rebuild it. They increased my coverage 69K from just last year.
Question 2: Can anyone recommend a "good" insurance company?
Insurance is a racket.