Quote:
Originally Posted by EdFNJ
My insurance has doubled in the last 2 years, We ahve a wood frame 2/2 and it Went from under $900 to $1400 last year and this year as of July 1, I am billed almost $1900. KIN quoted about $400 more and that was without (basic) sinkhole that Travelers gives. Be REAL careful getting quotes that you are getting EXACTLY what you had before. KIN not only didn't include full roof coverage (it was depreciated by age) in their quote full coverage was extra cost, but was missing a number of riders I currently have listed. Also Progressive was almost $1400 more. Last year Allstate was almost DOUBLE. Didn't bother checking them yet this year. Also have to remember home values have increased a LOT over the last years so that also leads to higher rates.
MOST important thing is to be sure you are quoting apples to apples. Lots of things get left out to lower price. If you are aware of that it's fine but often they just quote a price without total details
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Every homeowners policy in Florida by state law has Catastrophic ground collapse included in homeowners policy. Sinkhole is an endorsement that an additional premium is charged.
https://www.myfloridacfo.com/docs-sf...rsn=a4c83969_4