Insurance increases and what are you doing to cope?

[Sam Faas]

It's 2024, and I received renewal notices on 2 SFH properties with a 33% and 28% increase respectively, without any claims over the life of the policy period. This is after a double digit percentage increase last year.

The only 2 options, if I want to hang on to these properties, are:

1) increase deductible

2) change carriers, to a lesser reputable carrier (think rated B or lower on AM best)

Is there anything I am missing and how are you coping?