Quote:
Originally Posted by Arctic Fox
Have just renewed with Farmers for $970 - last year it was $1,060 - so happy with that.
Have been told, however, that they won't be renewing Florida policies next year.
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Farmers is pulling out of Florida, so this will be the last year with them. We have Farmers as well and just renewed for the last time. By law, they have to send out a 120 day notice of non renewal before dropping you. Our agent told us the non renewal letters were sent out recently and anyone whose policy renews starting February 2024 is out of luck. Their pulling out of Florida is going to leave a huge void and most likely drive up premiums for the remaining insurance providers since it will be more difficult to diversify their overall book of business’s risk profile.