rates jacked up as much?
Also 7% is a pretty laughable number to me because that number seems no where close to where CBers have been saying the rates rose by. Also my rates since last year are no way close to 7%. I'd be content with 7%.
"Average homeowner premiums for a $300,000 dwelling rose by 7% nationwide between 2022 and 2024, Bankrate data shows. But they rose three times faster than the national average in states such as North Carolina, Florida and Louisiana. Homeowners in Nebraska have been walloped with a 48% rise, partly because of more intense and damaging storms.
Insurers have stopped issuing new policies altogether in parts of California and Florida. As private players pull out, demand for state-backed schemes has exploded. Florida’s Citizens Property Insurance Corp. currently has 1.25 million policyholders, up from around 440,000 at the beginning of 2020."