Mine has gone up every year for the last 4 years. Muh home values they say.
Its a racket
They re-insure your insurance, they divest your premiums in bonds and other instruments. If investment returns are down rates go up, if claims are up rates go up. There is no scenario where rates go down. Best case, they remain stable if P/L meets objectives.
Those in insurance will not agree. Insurance is a form of gambling. The table always wins. self insuring (which is not possible for the common man by laws and or loan requirements) there is a Delta where you win. BTW, the money you borrow to buy something that is required to be insured is likely backed by an insurance company's investment.
Mine has gone up every year for the last 4 years. Muh home values they say. Its a racket They re-insure your insurance, they divest your premiums in bonds and other instruments. If investment returns are down rates go up, if claims are up rates go up. There is no scenario where rates go down. Best case, they remain stable if P/L meets objectives. Those in insurance will not agree. Insurance is a form of gambling. The table always wins. self insuring (which is not possible for the common man by laws and or loan requirements) there is a Delta where you win. BTW, the money you borrow to buy something that is required to be insured is likely backed by an insurance company's investment.
Mine too!