@@EmilyFarber If you live in Western Iowa you may have noticed a pattern over the last several years where a ton of snow will fall in Western Nebraska, a small amount In Omaha, then dump a ton in Western Iowa. The conspiracy theory is that the Air Force controls the weather so snow doesn't interrupt flight operations at SAC which is a few miles south of Omaha. Theorists have dubbed this protective dome over Omaha the Omadome :)
I hope it's not facing an insurance crisis! My husband and I have been considering moving to Iowa to be near family. But higher insurance on top of the high property taxes? Not happy about that.
My homeowners insurance went up about 8% since last year, with no claims. We had gutter damage when the derecho took down some big tree limbs, but our system was old and rusty anyway, so we just replaced everything with a new, updated system out of pocket. The gutters weren't new when we moved in 30 years ago, just to give you an idea. Our homeowners insurance premium is about 0.8% of the value of our house+garage. 0.7% if you include the value of the land. I live in Story County.
I was feeling a little salty about my own 15% increase, but after doing the research for this video, I realized that increase was actually on the low side compared to what many people were facing. What is frustrating, though, is feeling like you can’t make a claim unless the issue is “really bad” for fear of your insurance company dropping you. We had an upstairs toilet leak. In the process of fixing that, we discovered it had been leaking for quite a while, and the subfloor under it was rotted. To fix THAT, the tile in the bathroom had to be ripped out and replaced. To fix what happened between the floors, we had to cut a huge hole in our kitchen ceiling, remove the insulation, treated for mold, and then put it all back together. We did not make a claim with our insurance because it didn’t seem completely“worth it” once we would have paid our deductible. Good times, good times…
Maybe it is time for insurance companies, banks, and builders to work together to change the kind of housing that is permitted to be built - like monolithic domes or concrete, and making sure it's safe from flooding and wind and fire...
In a way, that is starting to happen. For instance, when you put a new roof on a house, most insurance companies will give you a bit of a discount if your new shingles are class-4 impact resistant (which, unsurprisingly, cost more).
Thank goodness for the Omadome protecting Nebraska from many of these storms
lol! What’s the Omadome?
@@EmilyFarber If you live in Western Iowa you may have noticed a pattern over the last several years where a ton of snow will fall in Western Nebraska, a small amount In Omaha, then dump a ton in Western Iowa. The conspiracy theory is that the Air Force controls the weather so snow doesn't interrupt flight operations at SAC which is a few miles south of Omaha. Theorists have dubbed this protective dome over Omaha the Omadome :)
@@timcostanzo370 Fascinating! 🧐
I hope it's not facing an insurance crisis! My husband and I have been considering moving to Iowa to be near family. But higher insurance on top of the high property taxes? Not happy about that.
Gah! Its no fun. But, 90% of the country is facing homeowners insurance hate hikes. It’s a problem in a lot of areas!
My homeowners insurance went up about 8% since last year, with no claims. We had gutter damage when the derecho took down some big tree limbs, but our system was old and rusty anyway, so we just replaced everything with a new, updated system out of pocket. The gutters weren't new when we moved in 30 years ago, just to give you an idea. Our homeowners insurance premium is about 0.8% of the value of our house+garage. 0.7% if you include the value of the land. I live in Story County.
I was feeling a little salty about my own 15% increase, but after doing the research for this video, I realized that increase was actually on the low side compared to what many people were facing. What is frustrating, though, is feeling like you can’t make a claim unless the issue is “really bad” for fear of your insurance company dropping you. We had an upstairs toilet leak. In the process of fixing that, we discovered it had been leaking for quite a while, and the subfloor under it was rotted. To fix THAT, the tile in the bathroom had to be ripped out and replaced. To fix what happened between the floors, we had to cut a huge hole in our kitchen ceiling, remove the insulation, treated for mold, and then put it all back together. We did not make a claim with our insurance because it didn’t seem completely“worth it” once we would have paid our deductible. Good times, good times…
Insurance companies just want you to pay and pay premiums and never pay a claim
It sure feels like it often times!
Maybe it is time for insurance companies, banks, and builders to work together to change the kind of housing that is permitted to be built - like monolithic domes or concrete, and making sure it's safe from flooding and wind and fire...
In a way, that is starting to happen. For instance, when you put a new roof on a house, most insurance companies will give you a bit of a discount if your new shingles are class-4 impact resistant (which, unsurprisingly, cost more).