How are your investments doing?

[jyoutz]

California has been hit hard by both increases and providers leaving.

Oregon up 30 to 40%

Washington State not nearly as bad with 50% increase over the last 6 years.

WASHINGTON - Home insurance rates in Washington have surged, with a 19.5% increase over the past year, according to LendingTree's 2025 State of Home Insurance Report. This marks the third largest increase nationwide. Over the past six years, Washington homeowners have faced a cumulative 51% rise in rates

Yep. West coast, but not the interior west.

 

[mark in portugal]

I had the insurance for my floating rental properties canceled completely because I don't live in that country (Netherlands) anymore.
There is only 1 underwriter for the whole country now, and they set the rules.
So what is a non-resident home owner supposed to do?
No answer.
I have a half policy at full price with a specialty insurer. Very few things are covered.

 

[ultrarunner]

I know pacific or west coast time include California, Oregon, Washington and parts of Arizona, Nevada and Idaho…

Don’t know if insurance rates in the last 3 have also had large premium increases.

 

[DarkBlack]

In my previous post I forgot to factor that some places like the west coast pay a higher insurance / property tax ratio. For me in NH property taxes are almost 8x basic insurance premiums

 

[jyoutz]

I know pacific or west coast time include California, Oregon, Washington and parts of Arizona, Nevada and Idaho…

Don’t know if insurance rates in the last 3 have also had large premium increases.

Arizona is on mountain time, not Pacific. But since they don’t use DST they are the same as PDT in the summer.

 

[Oaktree]

We're 6x that here in NH - no state income tax but high property taxes and cost of living..

Actually, *total* tax burden in N.H. is one of the lowest in the country. Actual ranking varies by source, but we're consistently in the lowest 20% of states. Having neither a sales nor income tax means the money has to come from somewhere else, in this case property tax.

#49 here
#45 here
#48 here

We do have one of the highest electric rates in the country though.

 

[Torvy]

It's only 10 acres in KY

Here, too. We live on about $30k a year. Biggest expense is taxes.

 

[CloverKnollFarms]

Here, too. We live on about $30k a year. Biggest expense is taxes.

We live well on the same. After reading some things here I consider myself fortunate

 

[ultrarunner]

I had the insurance for my floating rental properties canceled completely because I don't live in that country (Netherlands) anymore.
There is only 1 underwriter for the whole country now, and they set the rules.
So what is a non-resident home owner supposed to do?
No answer.
I have a half policy at full price with a specialty insurer. Very few things are covered.

There was a time when cancelling property insurance once the mortgage was paid off…

Maybe like getting reduced coverage when car is old and paid off?

One large apartment group has become self insured for casualty loss as a business decision keeping high deductible liability…

 

[ponytug]

@ultrarunner You have my sympathies. I have to admit that given the trends where you have property, if it were me, I'd be liquidating the real estate. I just don't see the locale improving the business environment, nor the taxation, nor the insurance rates, nor the crime, but it is your home turf and know it far better than me.

All the best, Peter