Friday, November 18, 2011
Are Property Taxes to Blame?
Allow me to introduce Jeff. He is a patriotic, white collar professional in his 30s. His favorite past time is watching his alma mater throw the pig skin and has most recently complained about what appears to be an increase in property taxes. However Jeff might be mistaken. Knowing that many individuals pay both their insurance and taxes out of escrow, insurance companies can seemingly hide increases in premium knowing that if there were also tax increases most people will not take the time to see how much their insurance has gone up. Jeff wants to speak with me because the money he'll save can buy him a ticket to the football game instead of watching it on TV. Jeff will also get a call at each renewal if his premium changes up or down!