Rising home insurance takes residents by surprise
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- Опубліковано 6 тра 2024
- One homeowner’s association in Mililani-Mauka told residents insurance rates have skyrocketed, so much that they are each being asked to pay $5,200 for the association’s premium.
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![PUTIN and his “peaceful” ultimatum 😁 [Parody]](http://i.ytimg.com/vi/TBBMGsatiRM/mqdefault.jpg)
Instead of paying athletes and coaches , celebrities , millionaires more money for they're commercials give the common people breaks on their insurances
If your are stunned now, wait until next year 😮😮😮😮
insurance is the biggest scam. you can pay them money for years, but paying out claims that you made is the last thing they want to do. "i'm sorry lahaina burned down, but those people 100 miles away in mililani will help cover the cost."
Insurance is gambling. You are beating you'll need it. The companies are betting you won't and keep paying for it. The insurance companies insures the property on the value insured at but as property values increase, cost of labor increases, and the cost of materials & shipping increases, of course the cost of rebuilding is no longer the cost replacing its damage or complete replacement. What could make it worse if the insurance companies changes the formula of how much premium based on what percentage of rebuilding. If it was set for 50% when first purchased and it was low, the company might increase the percentage to 80% of the rebuilding of the current building. Values change. Just like buying that 20 year old car at 30,000 but now buying a modern version might cost you 50,000.
Can anyone honestly say they are stunned ?
I’m worried about this on Maui. Especially after half the homes burned down.
They only want to insure those that will never file a claim.
But those are the ones that DONT have insurance at all.
The insurance mafia hast to make a profit
It’s shareholders demand it
Government has the power to stop it. They let it go because of the 🤑🤑🤑
The Lahaina fire was caused by HECO failing to deenergize the electric grid during a warned red flag emergency. People have forgotten already.
Why???? They don't even wanna cover when you file an insurance claim.
They want you homeless...oh im sòrry "housless" 🙄
Priced out of Paradise 🙄
Lucky??? Inflation eating up more and more. Enough is enough.
"Likely to remain for a few years." In other words, expect another raise in rates in a few years. It happens like this every time. Prices go up, they rarely, if ever, go down...
it's depressing to see this cause it's really hurting the elderly here sickens me every day
Because Lahaina survivors required 5 star service.
It's not they are raising rates, it's they have to pay out people with imaginary money they dont have so they raise rates to pay it
Question - what happens if a large Percent or even less then half of the owners refused to pay more ?
No more association insurance ?
But by state law Association is required to have the insurance…..
Thanks crooked politicians.
"Natural" Disasters
A disaster leaves many victims, but one way or another companies will never be one. They are going to get their money one way or another. You pay for insurance for decades and don't use it? It is your lost. You need to use it? It is you lost because premiums are just going to be raised. Either way the insurance company will come out on top.
thought the rail was supposed to balance the budget here lolololol
I’ve always had homeowners insurance! this year no Not this year because it went up to 7500 a year , how do they expect us to pay that! and what about people buying new homes that up their payment by at least 500 a month very very sad . I believe that there’s more and more foreclosures on homes. I’ve talked to several people that have to close on their homes because they can’t afford their payments no longer so they’re without a home out on the streets once again once again, the government plays a big role. Remember that at voting time the reason I say that is because stocks are down and so your insurance companies lost because they invest their money just as well as they pay out money. They got paid from a lot of people for many many years and that money was invested. I still believe that the insurance companies do have a lot of money still, but little people always pay the price
Only 7 billion? A drop in the bucket for Ukraine.
when you refuse to fight back
@@SpaceRanger187 fighting back requires machines that other countries produce. sorry your surface level brain can't comprehend world strategy. if you were in charge of anything, you'd lose easily.
How can you be suprised 😂😂 its hawaii
Im not ;)
Maybe every instance of bad weather shouldn’t be classified as a disaster. Surely that effects insurance premiums
Privatize the gains….socialize the losses….
Are there any other options for disaster, we can put more money away and act like a small group insurance company for your area , maybe we think about the risk before building a house where it shouldn't be. If you're able to pay for it. You could put it anywhere even on a cliff for your great view. (Insurance companies are business that should make money or they will be out of business) more risk higher rates.
Finally home owners feel the pain of condo owners. Government needs to step in. To much 🤑🤑🤑🤑 going into their pockets
Max didn’t use the term climate change in his report.
Was it because he didn’t want to attribute climate change to the rising cost of living?
I want to live in paradise and I demand that the government pay for it
Hawaiian style.
extra 5,200 a year like it's 55 cents on fixed incomes i told people here we'll be homeless by november
Move to the mainland, cheaper, get a lot more for your money and better housing. Hawaii has lost its luster.
Leave and take as much people w you. Aloha
More than half of the Native Hawaiians population are already living on the mainland.
Learning the Hawaiian language is now mandatory to pass high school.
That should stop more kanakas from leaving.
Wow, are we a state or are we a territory? Please make sense of us being the smallest state with the highest issues with money and cost-of-living.
Well she just explained why. They paid out almost 7 billion. They need to make up for lost revenue and will double or triple the premium costs in order to make up for it
Why don't we got options?
Disaster will take everything from most people, and Hawaii will reset to the old way, too much troubles for live out hea
this insurance lady think we can just print money like the government
two words: highway robbery or price gouging..
Well, Lahina fire was not a natural event.
Damn for sure more local going to move hawaii losing the Aloha
Insurance, tax, price it’s all up for Hawaii is aye joke bruh, that’s why it’s not worth and make sense live there anymore the government don’t even help out the people, but remember people is the one that build a country not the government🤦♂️🤦♂️🤦♂️🤦♂️🤦♂️
Move to big island...buy land ..build your own place....be free.
That's why I've always preached against buying into cookie cutter HOA homes
Jehovah jireh (The Lord will provide) 🙏🏽🙏🏽🙏🏽
lol you are right, that 5K is going somewhere 😂😂😂
trump was president avg cost per month to survive 3,000 biden president avg cost per month 7,000
Biden and dems have abandoned Hawaii!! Let that soak in
Bidenflation…..
all the HOA's need pull together and self insure. stop being price gauged by insurance companies.And, also these HOA's need to file complaints with the Insurance govt oversight agency/department.
🎢…cheeewhooo