Sitkaspruce
Well-Known Member
So we have moved and due to a crappy market, we decided to rent out out our Mobile home.
We visited our insurance agent and was told that our rates would not change as the carrier had the same rates for renters or owners. So we sent up a rental rate that included all our costs and a small amount put aside for emergency purposes. Yesterday we get a call from the agent who informed us that our carrier has increased our rate from $700 to $2000 (to add $800 to the rest of the policy until Aug this year, then increase to $2000/year after that). We are in a 1 year lease, so we are stuck with our rate until next year and with this increase in insurance, our small emerg fund is gone.
Any ideas on a cheaper carrier?? Why do they jump the rate up so much between rental and owner??
Cheers
SS
We visited our insurance agent and was told that our rates would not change as the carrier had the same rates for renters or owners. So we sent up a rental rate that included all our costs and a small amount put aside for emergency purposes. Yesterday we get a call from the agent who informed us that our carrier has increased our rate from $700 to $2000 (to add $800 to the rest of the policy until Aug this year, then increase to $2000/year after that). We are in a 1 year lease, so we are stuck with our rate until next year and with this increase in insurance, our small emerg fund is gone.
Any ideas on a cheaper carrier?? Why do they jump the rate up so much between rental and owner??
Cheers
SS
