Quote:
Originally Posted by DALEPQ
Have just received the renewal notice for Home Owners Ins. from Progressive.
Have had them since 2020. Never had one claim at all.
2020 Premium- $693.; 2021-$755.; 2022- $916.; 2023 Renewal Quote $1,883. WOW!!
105% Increase, for NO changes in coverage, and NO claims. Yes, TOTAL SHOCKER!!
No doubt hurricanes have affected this!
Is this what has been happening to Home Owners Ins. in T.V. and or all FL??
What have others experienced for rate changes??
Thanks for your replies.
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I have Progressive. My premium is going from $2050 to $2800. I have a 1920 sq. Foot Camillia. I also have Non Catastrophic Sink Hole coverage which has always added $400+ to the premium, and a 10% deductible for that coverage. I researched many companies to see if I could get the Non Catastrophic in the coverage and only one, State Farm would do it. With the bundle State Farm was lower for the homeowners, higher for the auto and umbrella, and lower for the golf cart. All coverage considered it came out premium wise about the same as Progressive except for one big deductible. The Non Catastrophic is only 1% with State Farm. With a home valued at $400,000 that’s a $36,000 difference in the deductible. Probably will have to review each year but for now I am now with State Farm.