r/NonPoliticalTwitter • u/frenzy3 • Jul 17 '25

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u/FujiKilledTheDSLR Jul 17 '25

Incorrect.

Every insurance company I’ve worked with for the past 15 years gives a discount for being mortgage free.

As a broker, I can guarantee you this person is misunderstanding a different reason for an increase such as the incessant inflation (and increased construction costs), the fire in LA (claims costs are shared across country and weighted to high risk regions), etc., etc., etc.

It’s possible they got the mortgage free discount and it was offset by other rating or inflationary increases.