Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "Homeowners Insurance Premiums EXPLODING...AGAIN!" video.

  1. The silent ripoff is the replacement cost estimate. The rate is multiplied by the replacement cost to create the premium. There is no regulation on cost estimates. Works just like tax bill in that regard. In 2012, Citizens got into big trouble for excessive RCV estimates. You can google this if you wish to research. This is the component you need to fear going forward. Furthermore the base rate for personal property coverage is higher than real estate and in a HO policy, personal property is assumed to possess a large portion of the structure value. Usually 25 or 50% of the structure value. So if your structure has 300k in RCV, then you can be paying for $150k of personal property coverage but some classes of valuables are only covered up to 5k. Talk to your agent for details.
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