Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

From $850 to $2,400/Month in Insurance

2 May 2025 · 0 min

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0:24

A short spoken anecdote (YouTube video) by Mike Andes about a large increase in insurance costs after a theft. The speaker reports monthly insurance jumping from $850 to $2,400 after their trailer was stolen; they later obtained a replacement dump trailer via a rent-to-own arrangement costing about $650/month and note that insurance paid off the stolen unit.

Questions this video answers

$850/month

$2,400/month

$650/month

Insurance paid it off (the speaker says the stolen trailer was paid off by insurance).

Our insurance went crazy after the theft, which makes no sense. We went from paying like 850amonth to 2,400amonth. I saw that. It seems kind of crazy. I got a dump trailer. It's like a rent to own. Okay, so it's like 650amonth. But I was just tapped out on credit. Couldn't get a loan. Right. Needed it because ours got stolen. And that was on payment too. So basically the insurance paid it off.