wmc1000
Thinks s/he gets paid by the post
Just got my renewal. Guaranteed replacement cost number increased by 12%. Premium went up 4.4% so I call it a win!
Thanks to this thread, checked my renewal online. Yup - AllState is increasing it by 25%.
Called Amica. And they are quoting me a price which is close to what I am paying now. Moving my Home Insurance to Amica.
We have a had several companies fold in Florida. My company folded and another company took over all their accounts. I have about 6 months before I see how much they are going to increase my premium. I think it was 30% last year and I felt lucky. I had a buddy that paid the full premium and a week later they cancelled the policy, he got a policy with another company, only paid partial, and then that got cancelled. He finally had to get a Citizens Ins. policy which some type of state sponsored insurance. On a later inspection there was an 11" x 5/8" stick on the roof all by itself. The inspector said that had to be removed and there was a return inspection to make sure. Crazy! Citizens ins. did say they are trying to find a company to place him with. There is nothing odd about his house it is in a neighborhood of similar homes.
My bold, what do you mean by "an 11" x 5/8" stick on the roof"? And what had to be removed? (Curious)
A tree branch 11 inches long fell on his roof. The insurance inspector wanted it removed.
In Florida, if you do not have a concrete block home, and you have a shingle roof (As opposed to concrete tile). Anything is possible.
Our policy with USAA increased by 21%. They blamed the increase on rising rebuilding costs.
Don't worry, I'm sure they will reduce your premium when rebuilding costs reduce next year. (Removing tounge from cheek)
Not so, ours is concrete block both stories and concrete tile roof. We are now forced to Citizens after being dropped by an over exposed company we had been with for a month.
Is the roof up to current code?
If so have you considered dropping some coverages?
I'd think your type of home has the best chance of surviving a hurricane.