Last year we lucked out with only Hurricane Idalia doing any significant damage to Florida (estimated caused $3.5 billion in damages). Opposed to Ian which the year before estimated $113 billion. They still haven’t repaired a few hundred homes in Florida due to Ian and those families are still in temporary shelter.
It’s all about the hurricanes people! If Florida gets few/mild hurricanes this year, Insurance companies might take a chance and some of them lowball to get new customers, like Spinnaker is doing. I don’t mind changing my insurance company every year. Bring it on. The days of being a loyal customer and having your home insurance agent being a friend are over.
And it doesn't matter whether a hurricane hits The Villages or not. If it hits anywhere Florida the rates go up everywhere in FL. The same companies in TV, are selling in Miami, Tampa, Orlando, etc. They have to. The hurricane may miss you, but it won't miss your insurance company.
And woe to you if you actually need it. Villager friend of mine just got back into his house after 18 months. This was not hurricane related. His A/C caught fire and destroyed part of his roof/attic. It took them six months to actually get a property claim estimate. So, if you actually need to file a major claim, get in line!
|