Is Anyone Tired of INCREASED Insurance Premiums and cancelled their policies?
Hello BPer's:
Anyone else out there tired of the annual insurance premiums increasing year after year, even with no claims ever? My rates jumped 25% on all my properties in just 1 year all with no claims! I have Erie Insurance on my properties and have never ever filed a claim. So, it begs the question: Would you cancel your policy and go without insurance? Even if each one of your properties were held in a separate LLC? I am contemplating this and wondered if this is a good idea? The money I would be saving could be used to defend any lawsuits that "may" come my way. I've never been sued, but do understand that its not a matter of if, its a matter of when. Could save me over 15K per year. Thoughts??