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My parents had a house fire 8 or so years ago, did about 90 grand in damage. My father had a very large umbrella policy with one of the major insurance companies for decades.
Like a good neighbor, they nickeled and dimed my parents as much as they could.
"oh, that truss don't look that burnt"
What a joke.
I'm sure you could make an argument about what they need to do to maintain their margin, it is a for profit business after all...
But when you're required to have coverage by one set of rules, yet the coverage is set by another, there's sure to be problems.
I feel for ya though. Given the average price of home owners insurance a 2X or 3X impact to the rate would really hurt most people.
-spence
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