Home Insurance going up

[ken0042]

From the "I saw this coming a mile away" file:
Soaring home insurance premiums are about to sock Calgarians in the wallet, thanks to the rising cost of home-building materials and labour.

From July 2005 to July 2006, the average cost of insuring a home in Calgary rose 40% -- mirroring rising building replacement costs monitored by insurance firms, said Jim Rivait, the Insurance Bureau of Canada's western region vice-president.


Luckily my insurance doesn't come due for another 7 months or so.

[pepper24]

Damn, new Calgarians!

[Cowboy]

This is misleading... of course insurance is going to go up if the value of what you are insuring goes up? Insurance companies are not increasing the rate per $100 insured, they are just giving more insurance....Costs of insurance are not going up...people are just getting more insurance due to replacement cost value. I love the negative spin... hillarious...

If they didn't, people would be bitching and complaing when there once $300,000 home 2500 square feet 5 years ago will only be replaced by a garage in prestwick....