Home insurance is changing, and not for the better [View all]

[Racygrandma]

I am in Wichita, we had a hail storm September 3, golf ball size. So now our house insurance will not pay for a lot of damage. Talked to the insurance agent, he says this is the trend. The insurance companies have been loosing money so they have been cutting the things they pay for and now they are making money. The big insurance companies have been buying out the smaller companies so they will have a monopoly and can charge whatever they want. We have money put back, so we are okay. Both are in our 70’s.