this post was submitted on 17 Jan 2025
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For many people the insurance rates have jumped 40%, even without claims. And most of the major insurers are dropping people once they do file a claim and get compensated. That means that starting a new policy with another company is going to be prohibitively expensive, but because everyone’s home loans require you have insurance they’re heading for a catch-22.
Oh dear, is it 2008 already?